This budget range will be a lot more than the savings most people have. Still, people are more likely to purchase an expensive diamond ring in order to boost up their social status as well as the occasion.
The chance for a financial crisis cannot be ruled out if you go way beyond your limits to buy extravagant diamond rings. However, you may also solve your monetary problems by selling a diamond engagement ring that you bought. This can be heartbreaking for most people, because of the emotional value that the ring holds, but it cannot be more than your self-respect.
There are many options for selling diamond engagement ring and to get the best out of it. For instance, consider an individual buyer to sell your diamond ring. If you are able to convince him/her about the supreme qualities of your sparkler, the chances are more that you can sell your diamond ring for the same amount that you bought it. Other options that you may consider for selling diamond engagement ring include pawnshops, diamond jewelry stores, etc.