Why Are Tiffany Engagement Rings So Expensive?

Besides a wedding ring, an engagement ring is the most important piece of jewelry that most women own or want to own. That’s why it’s essential to choose the right one and why many people turn to the trusted jewelry retailer Tiffany & Co. The real question is, is it worth the price?

Tiffany & Co.’s engagement rings are expensive because they have a history of ensuring that their products are of the finest quality and have the most unique, outstanding design. Also, the production of the jewelry is done in an ethically responsible way.

In this article, I will discuss Tiffany & Co., its history, work policy, and why it’s so widely known and adored. Keep on reading because I will tell you a little secret on how to get your hands on that Tiffany & Co. engagement ring and stay within your budget.

Are Tiffany Engagement Rings Worth the Price?

The price and overall experience of buying an engagement ring are the things you should consider before making a purchase.

Tiffany engagement rings are worth the cost because you’re not only getting the brand name, you’re getting excellent quality and the finest materials, impeccable craftsmanship, and a distinctive, luxurious buying experience.

5 Factors that Affect the Price of Tiffany Engagement Rings

Tiffany & Co. is doing a great job proving that there’s a reason why their name is so widely recognized, and I’m going to tell you a few reasons why you should put your trust in their hands.

1. Impeccable Quality

Since the company was founded in 1832, Tiffany & Co. has been known for its indisputable quality. Only the finest diamonds are used to create the most outstanding, superior jewelry designs.

Most Tiffany & Co. jewelry owners praise the company for its impeccable quality, saying that their engagement rings haven’t lost their luster even after a decade of wearing them.

Did you know that they even have a laboratory where every diamond is produced with its certificate?

Each diamond used in making their engagement rings goes through a certificate system where it’s carefully inspected and evaluated. 

The true brilliance of Tiffany & Co.’s craftmanship is seen in the final touch of the product, its remarkable shine. Each element of the ring is polished to perfection.

Their products will always have a hallmark to indicate the purity of the metal they use. Silver is marked with “925,” for example.

To ensure the authenticity of their products, they always put their engraved signature on the product, Tiffany & Co. or, for short, T & Co. Some pieces will even have a country of origin and a serial number embossed.

They pay attention to even the smallest details in production making. Every diamond they use has a known origin, and specific standards are followed to meet that within the GIA’s grading system.

So although Tiffany & Co. may have a limited market due to the pricing of their products, you will undoubtedly get what you paid for. You will get an astonishing piece of jewelry that, if taken proper care of, could be passed on through generations.

2. Design

Picking an engagement ring can be a tough job. Having so many options can become too overwhelming quickly. Well, Tiffany & Co.’s got you covered.

You can choose from 20 styles of rings and decide if you want yours in platinum, rose gold, or 18k yellow. And if you’re still indecisive, Tiffany & Co.’s professional staff will be more than happy to help you choose that perfect ring.

To make it more personal, you can have that special date, number, or even an initial exclusive to your relationship engraved in your ring.

3. Tiffany & Co.’s Ethics

Every jewelry business carries a potential risk of abusing human rights – from mining to selling the actual product. It’s a long way to do the job correctly and, most importantly, ethically.

Tiffany & Co. has shown great efforts to set the seal on the entire process being done without any ethical violations.

They ensure that their working environment is healthy and that their employees are paid accordingly. Tiffany & Co. is the only luxury jewelry brand that has received the “Strong” ranking for its responsible sourcing practices. 

They are very particular about who they hire and what exactly is expected from their employees.

To work at Tiffany & Co., you’re not only expected to provide the most outstanding customer service. It’s expected of you to know a little something about jewelry, too.

In return, they offer a pleasant working atmosphere and many benefits, such as paid holidays, a casual dress code so that anyone can express themselves without any restrictions, and even a work gym. 

They recruit people from local communities and offer them space for improvement as they’re constantly promoting different variations of all kinds of training.

By buying from Tiffany & Co., you get a timeless, luxurious piece of jewelry and the satisfaction of supporting an ethically correct business.

4. Tiffany & Co.’s Iconic Blue Box

One of the first things that come to mind when mentioning Tiffany & Co. is their famous blue box. Besides, it’s not just a box, after all. It’s a delicate mix of luxury and sophistication, and owning one gives you a step ahead of understanding and being a part of that grandeur lifestyle.

As stated on their main website, the name behind the invention of their blue box is none other than their founder, Charles Lewis Tiffany.

Blue, also referred to as the forget-me-not blue or robins-egg blue, is believed to be chosen because turquoise gemstone was popular back in the 19th century.

The famous blue box is genuinely an inspirative construct, which is affirmed by it being an inspiration for an art project by the artist Daniel Arsham.

Tiffany & Co.’s work has always appealed to artists, as they have a long list of collaborations. 

However, only Daniel Arsham had the opportunity to interpret the famous blue box in his own way and add it to his series called “Future Relics.” That’s how the Bronze Eroded Tiffany Blue Box came into place. It consisted of 49 pieces and a white gold bracelet with green gemstones, which Tiffany & Co. is known for.

Nowadays, the widely known blue packaging is associated with elegance, beauty, and, most importantly, customer satisfaction across the globe.

5. Superior Resale Value

If you’re considering making an investment, there are better ideas than investing in diamonds, as they lose up to 50% of their original value once you try to resell them.

However, if you still decide to go down that path, you should invest in a brand known for its indisputable quality, such as Tiffany & Co.

They take immense pride in their undeniably superior jewelry designs that are widely recognized and loved. 

One fun fact about them is that they never buy an already-sold piece of jewelry, so the price on the reselling market is instantly much higher.

Make sure to collect all the documentation that came with the order when you first bought it.

Adding their famous blue box and a dust bag is a good move, as sometimes it’s just the box that piques potential buyers’ interests.

Are Tiffany Engagement Rings Overpriced?

Buying an engagement ring from Tiffany & Co. does have its appeal, but is it still a bit pricey when you really think about it?

Many women go for that classic Tiffany Setting because Tiffany & Co. introduced us to the engagement rings as we know them today, and being a part of that history sounds pretty cool – especially when that history comes in pretty blue packaging.

However, keep your options open if you’re on a strict budget, as luxury comes with a price.

Their prices usually start at $1,500 and go up to $100,000. Pricing depends on the diamond’s size and how complex the ring’s design is.

Those prices can undoubtedly make your head spin. But after all, you’re paying for much more than just an engagement ring. A team of professionals helping you choose your engagement ring made only of the best-selected diamonds is a costly experience.

The good news is that you can get a taste of that luxury for much less. Namely, some websites offer second-hand Tiffany & Co rings at up to 70% less of a price than they cost when you buy them new.

So, it’s always better to research before buying an engagement ring, especially if money limits are your concern.

What Should You Look Out for When Buying an Engagement Ring? 

The most important thing about successfully purchasing an engagement ring is thinking about what matters most to you – whether that is the entire experience of buying the ring or the ring itself. 

If you’re going to catch yourself thinking about whether you should’ve gone for that pretty blue box years later, you should go for it. Buying an engagement ring is less challenging when you have all the factors you should look for.

Choosing a jewelry retailer and the ring itself, all while trying to stay on a budget, can make plans for that special day less special.

Making a mental note of the things you should prioritize before purchasing makes your job much more feasible, as you’ll know what exactly it is you’re looking for.

Here, I will list a few things you should keep in mind when buying an engagement ring.

Research Is the Key

Before making a purchase, you should know at least the basics of the 4 Cs of diamonds: cut, color, carat, and clarity. It’ll give you an idea about what to expect when coming to an actual jewelry store.

Furthermore, having an idea about what kind of engagement ring you prefer will save you much time, as you’ll not aimlessly search through the endless options.

Choose a Style You Love

Choosing a style of the ring you love is extremely important as a piece such as an engagement ring isn’t easily replaceable.

Blindly following current trends isn’t the best move because as soon as they go out of style – as they’re bound to eventually – you’ll be second-guessing your choice of purchase.

Instead, you should seek inspiration from vintage pieces. Who knows? They might surprise you and spark your interest.

Tiffany & Co. has a great collection of vintage-inspired engagement rings, and you’re guaranteed to find your perfect match.

Less Is More Sometimes

Focusing only on the size of the ring’s stone isn’t always the best idea. If you choose a big blinding stone only to show it off, you might be making a mistake.

One’s engagement ring should be a reflection of their persona and style.

If you strive towards minimalism with your personal style, you’ll be much happier with a more subtle, sleeker design in the long run. 

Set a Budget

Setting a firm budget will help you stay on the right path and not get carried away with all the unattainable options. 

If you keep your mind off those blingy, expensive rings, you might find the perfect one for much lesser time.

Correct Ring Size

Make sure to have a general idea of your partner’s ring size. You don’t want to ruin that special moment with a loosely fitting ring that’s bound to fall off as soon as you ask the big question.

If you want to avoid ruining the surprise by asking your partner about their ring size directly, there are always family members and friends that I’m sure will gladly help.

However, if you insist on doing the job independently, you could take your partner’s old ring to a local jeweler who will measure their ring size for you. Alternatively, check out Tiffany’s official Ring Size Guide.

Final Thoughts

Everyone wants every aspect of their special day to be thoroughly planned to perfection, and buying an engagement ring they’re happy with is a step in that direction.

If you’ve always dreamed of sealing your love and commitment with a Tiffany & Co. ring, you should do it.

However, if you’re buying Tiffany & Co.’s engagement ring just because everyone else is, you might be making a mistake. Many less-known jewelry stores offer outstanding quality and an extensive choice of designs for a much lower price.

If you found this article useful, make sure you save this pin below to your Jewelry board.

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