You are about to make a very important decision. You are going to buy a diamond. Whether it is an engagement ring to start a new life with someone special or a pair of earrings to signify twenty five years together, a diamond is something special. You want make sure you are getting the best quality diamond for the money you are spending. So, how do you know you are not wasting your money? Here are a few things to keep in mind while shopping for that diamond ring.

The very first thing you are going to want to look at is your budget. In years past, the rule of thumb was that you spend two months salary on a diamond ring. However, that rule generally no longer applies. Today, with people living together before the question is asked, it is much more a question of how much your budget will handle.

After you know the price range you are looking for and can afford, you can then move on to the four C's of diamonds. Color, cut, clarity and carat weight. Let's take a look at the first one.

Color is the overall color of the stone. Traditionally, diamonds will rage from colorless to yellow. The less color in the stone, the more desirable it is. This typically has a relationship to the purity of the gem, although some people prefer the yellowish tint to a diamond stone. I personally think the yellowish tint makes it look old and not as clean as it should be.