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Q&A: Looking to Upgrade a Round Diamond for an Anniversary With a $5,000 Budget

By Mike Fried,

I’m looking to upgrade my wife’s engagement ring for our anniversary. I’m looking at the following setting in rose gold at James Allen:
14K ROSE GOLD CHANNEL SET PRINCESS SHAPED DIAMOND ENGAGEMENT RING

For diamonds, I’m choosing between these two. Both are similar round shaped diamonds:
https://www.jamesallen.com/loose-diamonds/round-cut/0.80-carat-i-color-vs1-clarity-ideal-cut-sku-3430333?a_aid=dmnd1357

https://www.jamesallen.com/loose-diamonds/round-cut/0.81-carat-i-color-vs1-clarity-ideal-cut-sku-6029915?&a_aid=dmnd1357

My budget is around $5000. Are these diamonds a good choice for this setting and if so, which is the better choice? If not, can you recommend a better choice?

I did have one other question. Will the color of the diamonds I’ve selected (I) be a problem if the channel set diamonds are F-G?

Those are excellent options! Both are very similar like you said and because of that, I’d go with the slightly cheaper one. It’s a tad bit bigger and $90 cheaper (which isn’t a big difference, but since they will look identical, it’s a bonus).

www.jamesallen.com/loose-diamonds/round-cut/0.80-carat-i-color-vs1-clarity-ideal-cut-sku-3430333?a_aid=dmnd1357

The color doesn’t have to be any higher. The diamonds in the setting are too small to make a color difference.

Thank you so much for your help. I purchased the ring with the diamond you recommended. My wife loves it. We couldn’t be happier.

That’s amazing! I’m so happy to hear that.

James Allen James Allen is the leader in online diamond sales. Their imaging technology is the same as inspecting a diamond with a jeweler's loupe. They have the largest exclusive loose diamond inventory online and fantastic prices. They also have the nicest collection of lab-created diamonds online.
What we love about them:
  • No questions asked returns within 30 days of shipment. James Allen will send you a paid shipping label to return the ring.
  • Lifetime Warranty
  • Free International Shipping
  • Free prong tightening, repolishing, rhodium plating and cleaning every 6 months
  • Provide insurance appraisals
  • One free resizing within 60 days of purchase
  • Free ring inscriptions
  • Best-in-class high quality imagery of all diamonds in stock
  • 24/7 Customer Service
  • Best-in-class packaging
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Blue Nile Blue Nile is the largest and most well-known internet jewelry seller. They have a very large exclusive online inventory. Their high-quality images are catching up to James Allens' and their prices are amazing. Save 25% on settings at Blue Nile!

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What we love about them:
  • No questions asked returns within 30 days of shipment. Blue Nile will send you a paid shipping label to return the ring.
  • Lifetime Warranty
  • Free Shipping
  • Free prong tightening, repolishing, rhodium plating and cleaning every 6 months
  • Provide insurance appraisal
  • One free resizing within the first year of purchase
  • High quality images of about half of their diamonds
  • 24/7 Customer Service
  • 100% credit towards future upgrades (must be at least double in value)
  • Best in class fulfillment
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