My fiancé's grandmother recently gave me her late husband's wedding band. It was a beautiful gesture and my fiancé really wants to wear it (his full name has been passed down for 5 generations, so tradition is very important to him). We have a few dilemmas, though:
1) The band is gold and does not match my (sterling) silver engagement ring
2) It must be resized larger and the ring is already very thin
3) We are young college students on a VERY tight budget
We have no issue with altering the ring in any way. Ideas?
Re: Updating an Heirloom Ring
2 and 3) Best to talk to a jeweler and ask what your options are. You are likely going to have to add gold to resize the ring.
3) Compare the cost of re-sizing this ring versus buying one new. Re-sizing may still be cheaper. Or maybe you decide to keep the heirloom ring as something to be worn on a chain and get it re-sized later when you have the fund and buy something cheaper for now.
This is one of the areas that you're making a long-term investment in regards to the wedding because in order to use it as his wedding ring it has to be at minimum resized. It's best to not go cheap because it is an heirloom.
Resizing is super simple for a jeweler (but go to one that does repairs in-house and NOT a chain store!). Depending on how thin the shank is, they may recommend re-shanking (cutting off the thin portion and putting in a new piece of gold). This will be more expensive than just sizing up, but worth it because then it will last much longer. I don't know how pricy your area tends to be, but in mine such a repair would probably run in the $100-$200 range at most, unless the ring is super wide and heavy, which I assume it is not.
It's similar to this type of design.
Can your FI ask his grandma for help with the resizing/restoration? I would ONLY consider this if Grandma is financially comfortable, and ONLY if they have the sort of relationship where an ask like that would be acceptable. Each family has its own relationship toward money. I know that personally if my own grandma was still alive she would be crushed if a couple hundred dollars to get the ring resized prevented me from making use of an heirloom ring she gave me and I loved. Maybe he could ask for this for Christmas?
And it doesn't matter that the heirloom ring is a different color than yours. Plus, as someone already pointed out, silver doesn't really stand up to long term daily wear, so maybe you can replace yours with gold some day as well if you prefer that the rings match?