To want to buy myself this?

[Neess]

I always wanted to get married, have a strong relationship… it wasn’t meant to be for me.

I am a single parent to a five year old. Ex pays his way and I have a good job. I’ve managed to save a bit. Would it be crazy to spend 5-10k on a ring for me? Would it lose value over time?

I’ll never have someone buying me a nice ring as life is so busy and my focus is dd but I’d love one…is it weird to buy one for myself?!

I love jewellery and never have/will get married, so I have been tempted! Also earn well so sometimes feels like I should treat myself, but I'd want to pay of my huge mortgage and have a lot more savings before spending so much. I bought myself a lovely antique diamond and sapphire ring for £400 which I wear every day. If you have the savings etc though and are unlikely to need that money then spend them on what you want!

@SallyWDi want to see your sapphire and diamond ring now

I would definitely buy myself a ring if I wanted (as in I wouldn’t just leave it to a man) but personally I wouldn't put it on my ring finger. I wear my late mum’s engagement ring on my middle finger.

Any ring you buy from a high street jeweller will lose about 90% of it’s value if you sell it back to a jeweller.

If you can afford it buy yourself what you want
However, if you are concerned about a loss of value it sounds like you are not sure you want to

natural diamonds hold value more than the new jab created ones

I’d never buy a natural diamond again. I don’t know if they hold their value more than lab grown diamonds but seeing as the price difference between the too is so huge it would be a false economy to think it’s worth buying natural diamonds. Lab grown diamonds ARE diamonds. They aren’t ‘fake’ or ‘artificial’ they are actual diamonds that happen to have be grown in a lab.

Have a look at this website to see the historical value of diamonds. https://www.pricescope.com/diamond-prices/diamond-prices-chart/

OP, if I were you I’d go and look at some loose diamonds at some jewellers and see what you like. Look at the difference in size and quality with what you could buy for a natural diamond compared with what you could buy for a lab grown diamond. You could then buy the loose stone from somewhere like BlueNile.

I’ve some reasonable size diamonds but Unfortuanately I bought them before lab grown diamonds were readily available. I’d never buy natural diamonds now. My priority would be the best quality diamond for the price and that would be a lab grown one every time.

My engagement and wedding rings cost about ,£100 combined. We spent the money on a honeymoon. If I was in your position that's why I would do. Basically an amazing holiday.

Unless you pay the current scrap price for the metal (gold) and/or the stone is extremely special, jewellery pretty much always loses value.

That doesn't mean you shouldn't buy it, just not as an investment.

It’s a lovely idea and since being single, I know my hands feel a bit bare.

However, a ring will depreciate, so if you wanted the spend to be an investment, you’d get a fabulous watch for that £ and they do increase in value. Could always get a watch and then a cheaper ring?

Buy secondhand preferably antique and it will not lose as much in value - also bear in mind the value per wear factor
I have a lot of jewellery which brings me pleasure
10 years ago I bought a diamond item which if I’d bought new would be over £10k - I paid around £3k for it - I could easily sell it or trade it in and might lose a little but I wear it most of the time so pennies per wear!

Jewellery sold second hand is just the weight of the gold and the size and quality of the ring - basically selling it for the value of its parts. It’s not an investment 99% of the time.

It is, however, something beautiful to wear and enjoy.

Buy it because you absolutely love it and want to wear it every day, or don’t buy it at all.

I love jewellery, especially rings and I don't see anything wrong with treating yourself to something you will love. That being said it totally depends on your circumstances, if that's all your savings and you earn min wage that's different to having really healthy savings and a high wage.

The thing with jewellery is that it does lose its value and is often overpriced. Also unless you are a diamond expert with one of those monocle things no one can tell what is a real diamond from cubic zirconia or whatever. My friend has a lovely sparkly "diamond" ring that cost her £1K but looks like it could've been mega bucks. Shop around is my advice.

This. The rings haven’t gone up, their replacement value has.

As long as you realise it won’t hold its value. Jewellery isn’t a good investment. My mum’s engagement ring that I inherited has an insurance value of £7.5k. Probably would not get half of that if I sold it.

I'd think about getting something to symbolise your relationship with your child, so birth stones or something as that would feel quite meaningful

It's your money but that sounds a crazy amount to spend on a ring.

Upto you i would rather use the money for a great holiday with the kids

Well I guess it's up to you what you want to spend your money on if you can afford it.

H and I earn 200K between us and I wouldn't dream of spending that much money on a ring or any other jewelery . We replaced my engagement ring recently and spent nowhere near that much.

And yes, it will lose value.

I bought an emerald and diamond ring last year. I designed the ring myself and also got the jeweller to get different stones in and I selected them. I love my ring and wear it most days.

It cost more than I would ever dream of usually spending but I had come into a reasonable amount of money and know that when I die I will pass it on. I don’t regret buying it and know that I will never be able to do it again.

In a similar position ie divorced and unlikely to remarry, and I feel I am just as entitled to wear beautiful rings as any married woman.

I had a local designer make me a new ring using my eternity ring; it’s beautiful but I find I don’t wear it on a daily basis. So I bought myself a diamond band using an online action house. It’s simple, classy, and I love it. It cost at least 2/3 less than if I’d gone to a Jewelers.

it’s sustainable to reuse older jewellery, and I feel better than no new mining had to be done to create it. I decided in advance the maximum I would pay, including auction house fees, and I made sure I didn’t get too attached to the auction outcome. If it wasn’t meant for me, that’s ok.

You can also bid a lower price on the unsold rings post auction and you might get a real bargain. Good luck on finding a lovely, joy-giving piece of jewellery!

Admittedly, the cost of jewellery and the insurance ‘value’ differs considerably however, my engagement and another ring I wear almost all the time are valued at just over 20k but give me joy every day when I look at them.

They are both older rings but I love them. Would I/DH spend that much again on rings probably not.

Sounds similar to our experience. Our jeweller worked with us to plan the ring. Showed us a rang of stones (diamonds & an emerald) & we selected the sizes etc

He then made the ring, which took some weeks & we had the loveliest day going to collect it as the jeweller is in a different city to where we live so we stayed over & had a nice dinner & some bubbles & i was mesmerised by my own hand all night (& ever since)

If you have found the perfect ring then yes, buy it. Aiming to spend that much without finding one, then carefully consider it
You’d lose money as soon as you put it on your finger
I bought myself a post divorce ring, as I missed it on my ringer.
i bought the perfect silver/ turquoise one for £60 but the principle is the same

If it's money you don't need for anything else, then why not? But it will fall in value the minute you leave the shop. Secondhand rings sell for very little.