Engagement Ring Help wrote:
By LR standards my ring budget will be that of a poverty stricken homeless man. But I think 2,000 will be my budget.
On that budget, you can get a pretty good ring if you shop correctly. Pawn shops are 100% the way to go to get the most bang for your buck, just make sure the diamond is certified and has documents - you can then take the stone to a jeweler and have it reset into a setting that she likes.
In regards to best value on the 4c's -
Cut is the MOST important, this determines how well light reflects and how much the ring sparkles/shines. Excellent or Very Good cut rating is what to shoot for, the cut is the most impactful element to how a diamond will look.
Color would be 2nd most important, H, I, J are the best value in color grades. J can be the absolute best value if you find a J that has great cut and clarity, J can also begin to show a bit of "yellow" reflection but 99% of people could/would never notice this, great value for your budget.
third is Clarity, SI1 is the best value for clarity, it will have small inclusions that can only be seen under a microscope, VS2 is a bit better but also pricier, anything better than VS2 is a waste for your budget.
and then Carats/size. buy the best of the other three you can afford at the largest size that fits that equation - if the top three categories are maximized the diamond will appear larger than diamonds of the same size with lower grades in cut and clarity due to difference in light reflection/shine. Even a small diamond can catch and throw light if it has great scores in cut and clarity.
The last thing to look at is Polish - it is not one of the 4 C's but is a scored element to a diamond, look for an excellent or very good polish score as this will also impact the appearance of the stone/ring.