Quick and Easy Buying Guide

Carat weight: 1 carat = 200 milligrams = 6.5 mm diameter. Doubling weight doesn't double diameter.

Diamond clarity: FL/IF/VVS/VS = super expensive, near perfect. SI = best value if you can check a photo for obvious inclusions (defects).

 

Color: D-G = colorless, expensive, only if you have money to burn. H-J = best value. Can go lower in gold metal settings than white metal.

Cut: Better cut ratings let more light into a diamond, making it sparkle more. Very important property, don't skimp here.

Set a budget and minimum cut (Premium). Go J color for gold and I/H for white metals. Go searching for SI1/SI2 clarity diamonds at James Allen. Pick a diamond with small/no inclusions. Choose a ring setting and buy it risk-free (60-day returns).

Giuliana Rancic Engagement Ring

If you've turned on the TV around the time of any award shows such as the Academy Awards, odds are that you've probably seen Giuliana Rancic. She is a common host of such award shows and is also a host on E! News. She's quite popular and has ranked in the Maxim top 100 hot women.

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Her husband Bill Rancic proposed to her in 2006 with a four carat cushion shaped diamond ring. The ring is worth an estimated hundred thousand dollars.