Mar 17th, 2022
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Mar 17th, 2022
Out with the old and in with the new — a twinkling new engagement ring, that is. If you’ve stumbled on this how-to guide, chances are you’ve likely already set your sights on a few dream ring styles that make your heart go pitter-patter, whether you’re into timeless and romantic pieces (like our Seamless Halo® engagement rings) or classic designs (like our three stone or solitaire silhouettes). And, if you’re the one planning on popping the question soon (you got this!), you might just be trying to get ahead of things by doing some engagement ring research before the big event. But, no matter your reasoning for studying up on how to finance an engagement ring in 2022, you’re in the right place. Keep reading to learn more about affording the diamond ring of your dreams — without any of the classic financing nightmares.
What are my options for financing an engagement ring in 2022?
We’re not going to lie: splurging on a luxe, big-ticket item like an engagement ring can be scary. After all, much like cars or real estate, engagement rings are tremendous financial commitments (and your dream ring may even be the priciest investment you’ve made so far). The plunge to purchase one requires not only tons of meticulous window-shopping and Pinterest-board-making (yay!) but also stressful conversations (nay!) about what you and your partner can realistically afford. (FYI: as of 2021, the average American couple spends about $6,000 on a dream ring, according to The Knot.)
On the plus side, arbitrary spending guidelines — such as the infamous two-to-three months’ salary rule — are considered totally archaic these days. Most jewelry and wedding industry experts, along with forward-thinking couples themselves, think lovebirds should spend on an engagement ring whatever they feel works for their unique financial situation. At Jean Dousset, we one-hundred percent agree with that sentiment, too. Simply put: We believe investing in a beautiful engagement ring should be as effortless as the romance it represents. For this reason, we encourage all couples to consider their unique budget and research the numerous different financing options available these days — because the options are limitless! (Okay, well maybe they’re not limitless. But they are more plentiful than ever.)
Just years ago, there were very few manageable alternatives to saving up for an engagement ring and purchasing it outright. And, while we always recommend that couples brainstorm a savings strategy that covers at least a part of their anticipated engagement ring expenses, we also believe everyone should have access to life’s sparkling luxuries and have options for purchasing the engagement ring they truly want. So that’s why Oui engagement rings feature high-quality, lab-grown diamond center stones that glimmer with all the glamour of natural diamonds — at a fraction of the price. More importantly, our belief in accessible luxury informs the financing options we offer at Oui by Jean Dousset, too, so we’re outlining below your easiest how-to on financing the engagement ring of your dreams.
What is the best approach to financing an engagement ring in 2022?
Previously, couples looking to finance their dream ring purchases turned to either credit cards or personal loans to cover such expenses. Traditional jewelers may also offer financing plans — but such plans are often bogged down with hidden fees, charges, or questionable interest rates. However, at Oui, we provide our clients with a trusted, modern approach to financing their ring — no credit line increase or anxiety-inducing calls with a loan provider necessary. Thanks to our trés magnifique partnership with Affirm, you can pay for your dream ring through hidden-fee-free monthly payments and financing an engagement ring in 2022 has never been easier.
Additionally, we offer our clients the flexible option to pay for their engagement ring with a 50% deposit up front and the remaining 50% prior to delivery (applicable to engagement rings under $100,000). For those that are interested in this option outside of financing, simply contact us for assistance.
How can I finance my engagement ring through Affirm?
It’s as easy as falling in love — no, really. If you’ve already settled on your dream ring, go ahead and proceed to add it to your cart, making sure you enter your shipping information and select “Monthly Payments with Affirm” under the ‘Payment & Review’ section. Once you complete your billing details, click the ‘Pay With Affirm’ button and you will be taken through the steps to get qualified for an Affirm payment plan.
Provide some basic information and get a real-time credit decision to split your purchase into monthly payments. Rates range from 0% to 30% APR with payments over 3, 6, 12, 18, 24, or 36 months (visit our site for more details). There are no hidden fees and you will know the exact terms of your loan options — including APR and monthly payment amounts — before you decide on a plan, so you can choose the plan that works for you and your beau.
Still crushing on a few different designs and aren’t yet ready to make things official with the lab diamond of your dreams? No worries — you can still see if you qualify for Affirm before committing to a particular design.
Once a particular engagement ring does win your heart over, just follow the aforementioned checkout steps. Then, once you’re approved by Affirm and checkout is complete, we will process and ship your order within our standard processing times. Violà!
(Next steps? Saying oui to a matching wedding band).
Stay tuned for new designs, diamond cuts & more!
Not every statement is meant for all to see. Our personal sentiments make the most beautiful rings even more special.
Exclusive to Jean Dousset designs, the Signature Stone® is a secret “hidden stone” placed under the center stone, visible only to those you choose to share it with.
You can select from a variety of diamonds and gemstones in different colors to see how they would look in your ring.
Add a personal sentiment to remember forever with a complimentary engraving on your new Oui by Jean Dousset ring. Choose up to 20 characters that mean something special so you can cherish them forever.
Example of a personal engraving
Carat weight represents the weight of your diamond center stone. Visit our blog post to learn more about the 4Cs of diamonds.
We have strict criteria for diamond selection. Every lab grown diamond center stone we source for our Oui engagement rings is hand-selected and GIA graded.
Our mission at Oui is to merge outstanding craftsmanship with ideas that put you first—so our pricing reflects an inclusive cost for both a lab grown diamond and its ring setting to simplify your experience.
GIA’s color-grading scale for diamonds is the industry standard. The scale begins with the letter D, representing colorless, and continues with increasing presence of color to the letter Z. Visit our blog post to learn more about the 4Cs of diamonds.
Our lab grown diamond center stones are exclusively colorless to nearly colorless (D-H color on GIA's color-grading scale).
The cut of a diamond is what delivers its light and brilliance. The GIA evaluates a diamond's brightness, fire, scintillation, weight ratio, durability, polish, and symmetry to arrive at a diamond's cut grade. Visit our blog post to learn more about the 4Cs of diamonds.
Our lab grown diamonds are 'Excellent' cut, the highest cut grading a diamond can receive, and exclusively GIA-certified.
All of our sample videos closely match the diamond it represents in color, shape, size, and scale.
Each diamond comes with a unique GIA Certificate. You can click the GIA Certificate link to view the exact specifications and grading of the stone you are viewing.
All of our diamonds are carefully curated within strict aesthetic parameters to ensure that our stones have identical shapes and facets from one diamond to the next.
Every diamond is unique and we hand-select only the most desirable stones. Clarity refers to the absence of inclusions and blemishes in a diamond. Visit our blog post to learn more about the 4Cs of diamonds.
In our diamond feed, we exclusively offer GIA graded VS+ lab grown diamonds.
Total carat weight represents the total weight of all the diamonds set within the ring.
Diamond weights are approximate and will range slightly based on your ring size and/or the unique cut and shape of your specific eternity band. We strive to match each stone perfectly.
Total carat weight represents the weight of the (2*) center stones plus the total diamond pavé used within the design.
Diamond pavé weights are approximate and will range slightly based on your ring size and/or the unique cut and shape of your specific center stone.
Each center stone diamond selected for our earrings is unique and hand cut. In order to meet our highest standards of diamond curation, you may receive a center stone diamond that carries a little extra carat weight. Center stones may fluctuate up to .05 carats more. Any fluctuations will always be ABOVE your selected carat weight, never under. For example, if you select .70 carats for your center stone, your stone will be anywhere between .70 to .75 carats.
*all earrings (unless specified) come in a set of two
© Jean Dousset 2022