Help a Reader: Overcharged for a Diamond

by TTMK on May 15, 2013 · 2 comments

I recently received a question from a reader about an issue she and her fiancée may be having with a diamond that was selected for an engagement ring.  Actually, it seems as though she is concerned that he may have overpaid for the diamond.

Here is her question:

“I recently went shopping with my boyfriend for my engagement ring. I picked out a setting and a diamond and then I went elsewhere while they talked money. We had a budget set for the ring so the price was never a secret. The purchase time and actually the proposal are to be a surprise. After doing some more looking online, I think we may have been vastly overcharged for the quality of stone we picked out. I’m concerned that he already bought it and overpaid for the quality we will receive. What should I do?”

It’s an interesting question, because she was involved in selecting the diamond, but is not sure that he purchased it yet.  Regardless, she is concerned that if he bought it, he would have ultimately overpaid for what he (and she) would be getting.

Now, this is a different type of issue that what we’ve discussed here before.  We’ve talked about what to do if you don’t like your engagement ring, and also who gets the ring in a broken engagement.  However, the question of what to do if overcharged for a diamond is a different one.  Especially in this case, with the twist of the female having picked it out but not sure if he’s bought it yet.

Do you have any suggestions for her on how to handle this?


{ 2 comments… read them below or add one }

Grayson @ Debt Roundup May 15, 2013 at 11:08 am

Hell, just talk about how you were researching diamonds online and think the price might have been high. You can set out those tidbits and then have the man figure out if he needs to go back and fix the problem. You don’t have to ask if he purchased it yet, but just talk about how you were price comparing.


Untemplater May 16, 2013 at 2:05 am

Yeah I think casually mentioning that you did more research and found new info on pricing is a good way to go about it. Saying “I hope you didn’t buy that ring from XYZ” or something like that would be a rather awkward way to start the conversation.


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