COVID-19 Restriction update - Latest information & FAQ's
Will your store be closed?
Our store will be closed from the 20th Dec 2020. Our phone, online sales & customer services are still open.
Are you still able to produce orders placed online and via email?
Our manufacturing will stay open throughout the national restrictions to produce orders. At present we are not experiencing any major delays and are aiming to deliver all on time. You will be contacted before items are sent to you.
Can I call to place an order or to discuss a query?
Our phone lines will be open from 9:30am-5:30pm as normal. Alternatively you can contact us on email@example.com
How do I return an item?
If you are returning an online/store order please contact us on firstname.lastname@example.org to arrange a return. Please do not send back returns without prior information to us by email.
Pay Monthly Engagement Rings & Diamond Jewellery
Found the perfect diamond ring but unsure if your budget will stretch that far? Perhaps it’s worth considering our interest free diamond and engagement ring financing options. We have a selection of options including 0% APR and interest free credit on purchases over £400, meaning you can buy now and pay monthly. Whether you’re looking for engagement rings on finance or simply want to know about your diamond financing options, our detailed guide has you covered.
Diamond Ring Financing FAQs
Do I qualify for diamond finance?
To apply for diamond ring financing, or financing of any other diamond jewellery, you must meet the following criteria:
- You must be over 18 years of age.
- You must be a UK resident with at least 3 years continuous address history.
- You must be in full time employment, unless retired or a house person with a spouse in full time employment.
- You must have a UK bank account capable of accepting direct debits.
- The goods must be delivered to your home address that is stated on the finance application.
What diamond finance options are available?
When it comes to buying your engagement ring on finance, or any other diamond jewellery, you’ll have the option of buying now and paying monthly. We have a varied selection of diamond ring financing options available, including interest free engagement rings on finance:
- 6 months - 6 months interest free, 0% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
- 12 months - 12 months interest free, 0% APR. Minimum order amount: £1500.00. Minimum deposit amount: 50%.
- 18 months - 18 months interest free, 0% APR. Minimum order amount: £2500.00. Minimum deposit amount: 50%.
- 12 months (interest bearing) - 12 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
- 24 months (interest bearing) - 24 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
- 36 months (interest bearing) - 36 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
- 48 months (interest bearing) - 48 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
How much is the required deposit for diamond rings on finance?
We require minimum 25% of the final order amount as deposit (exclusion: 50% deposit on 12 and 18 months interest-free finance). For example, if your final order amount is £1,000, we will require a minimum deposit amount of £250, while placing your order and the rest £750 can be repaid via finance. You can also put down a higher deposit amount if you would like to pay less amount as interest.
The minimum diamond loan amount (product price - deposit) should be at least £300. The maximum deposit amount payable is capped accordingly.
Who is the actual diamond loan provider?
Your diamond engagement ring finance is with Close Brothers Retail Finance. We ("HJ Diamonds Limited", trading as Shining Diamonds) act as licensed credit brokers between our customers and Close Brothers Retail Finance.
Can I repay my diamond loan early?
You can settle your diamond jewellery loan at any time. Simply contact Close Brothers Finance and they will calculate and send you your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.
How quickly will my application for diamond ring financing be processed?
Your application for pay monthly engagement rings will be processed as soon as you complete your application online. You will receive an instant decision: Approved, Referred or Declined. You will be sent an email to confirm the status of your application as soon as it has been processed.
What type of jewellery can I buy on finance?
As well as diamond rings and engagement rings, you can also buy a wide selection of jewellery from Shining Diamonds on finance. This can include diamond earrings, diamond pendants, wedding ring financing and more of our extensive jewellery collection. For more information on what jewellery you can buy on finance, contact a member of our expert jewellery team.
How do I apply for engagement ring finance?
Select your desired product and add to basket. At the checkout payment method section select "Finance" payment method. You can then select a finance plan and set the deposit amount you want to put in.
Benefits of buying jewellery on finance
There are many benefits of buying diamond jewellery on finance, including
- Fixed payments - this allows you to budget effectively for your monthly outgoings.
- No need for loans - with diamond finance, there’s no need to contact your bank to secure loans.
- Variety of repayment options - including 6, 12, 18 months and more.
- Purchase the jewellery you desire - this option allows you to splash out on that really special engagement ring or diamond jewellery, creating the perfect gift for a loved one.
Engagement Ring Financing with Shining Diamonds
Like what you see? Browse our extensive diamond jewellery range and choose your dream piece today! Simply place it in your basket and select the finance option.
If you feel you need more information on engagement rings on finance, or diamond loans, get in touch with a member of our expert team here at Shining Diamonds now.