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).

Nicole Richie Engagement Ring

Nicole Richie has had a very "full" life for someone so young, doing a variety of roles such as fashion designer, author (she wrote "The Truth About Diamonds"), and adorning our television screens in shows such as The Simple Life with her then pal Paris Hilton. She has been in rehabilitation and been arrested for driving under the influence, but more recently it seems like life is on the up with marriage and children.

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Her husband is the rocker Joel Madden from the band Good Charlotte. They began dating in 2006 and had two children together before becoming engaged in early 2010 and marrying at the end of 2010. Joel chose a round shaped diamond with pave diamonds around it to propose with to Nicole.