6 Things to Do Before Upgrading Your Engagement Ring

An engagement ring is bound to become one of your most treasured pieces of jewelry. It is, after all, more than just a ring — it’s a symbol of your love and commitment. But just because you love your engagement ring doesn’t mean you can’t love it even more. Many people choose to upgrade their engagement rings after a few years for various reasons. Some do it to commemorate a milestone anniversary, while others upgrade just because it strikes their fancy. 

Before you go rushing off to your jeweler, there are a few things to consider. Here are 5 things we recommend doing before upgrading your engagement ring. 

Get an Appraisal

First, seek an engagement ring appraisal from a reputable source. An engagement ring appraisal will help you get the highest value possible for your new ring. If part of your upgrade includes removing some features and replacing them, you can take any removed elements (like diamonds, side stones, or the band) and sell them. The profit from your sale can go toward financing your new engagement ring. 

Choose Your Upgrades

The next thing to tackle is deciding what it is you want to upgrade. Maybe when your beloved proposed you loved a marquise-cut diamond, but now emerald-cut is more your thing. Or maybe your then-fiancé’s budget was limited at the time of proposal, and now you’d like a bigger diamond. Other options include changing or adding accents or side stones, and you can also choose to change the band’s metal

Once you’ve decided on exactly what about your ring you want to change, write it all down and take it to a jeweler. You need to make sure your ring is in good condition and that your upgrades are possible. The jeweler should also be able to give you an estimate of what your upgrades might cost. 

Decide Your Budget

Once you settle on your upgrades, you can work on your budget. Budgeting helps you stay on track and not get in over your head with financing your new purchase. The most affordable option for ring upgrading is changing your ring’s setting. Center stone upgrades or reshaping can get expensive. Categorize your budget so you can allot dollar amounts to each element: $500 for stone replacement, $200 for enhancements, etcetera. 

Choose Your Stone Wisely

If you do decide to upgrade or change your center stone, there are a few things to consider. First, you want to make sure the stone you choose is certified by the Gemological Institute of America (GIA), International Gem International (IGI), the American Gem Society (AGS), or Gemological Science International (GSI). 

Next, you might want to consider researching ethically sourced diamonds and gemstones. Ethical diamonds are a complicated matter, and some people opt for lab-grown diamonds instead of natural diamonds to eliminate any potential for unethically obtained diamonds. 

Talk With Your Partner

While the decision to upgrade is ultimately up to the person who owns the ring, it’s a good idea to discuss the desire to upgrade with your partner. An engagement ring holds sentimental value, and it’s important to assure your beloved that your desire for upgrades doesn’t mean you don’t value the gift they gave you. A part of any strong marriage is communication, trust, and joint decision-making — upgrading an engagement ring should be no exception. 

Don’t Forget Insurance! 

Finally, when the time comes to upgrade your engagement ring, don’t forget one of the most important things: jewelry insurance! Jewelry insurance protects your upgraded ring in the event of theft, loss, accidental damage, and natural disasters. 


At Zillion, we love ALL rings whether old, new, or upgraded. We’re dedicated to providing comprehensive insurance policies that protect your jewelry from the unexpected. With a jewelry insurance policy from Zillion, you do more than just wear that new ring — you wear it with confidence!

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Zillion partners with jewelers to offer their customers lower rates on jewelery insurance. If you don’t see your jeweler on our list, we’re sorry, we won’t be able to offer you a quote for insurance.