Hi ladies, could really use some advice as I've been going back and forth on this for months now. I'm considering either "upgrading" my engagement ring or getting a Cartier Love/VCA 5 motif bracelet. I suppose it's more like which to get now and which to wait several years for. I've only been married for 2 years but we got engaged a few years before that and, at the time, I didn't have any other friends who were engaged and I just wasn't very knowledgeable about jewelry. I got a ring that was kind of trendy and picked a carat size I thought was appropriate. Now, I can't help but ogle other people's rings! I have probably the smallest diamond of all my friends despite being in a much better financial position. I feel I'm being vain and materialistic so haven't asked any of them for advice. 
Current ring is pictured below. It's a 1.25 center diamond with halo on a 5.25 ring size. I'm considering getting a 2-2.1 ct lab diamond on plain band, which would cost less than my original ring because the price of lab diamonds have declined significantly. I'd probably sell my current ring at a 50-60% loss but it pays for a decent amount of the new ring.
My husband thinks it's a waste of money to upgrade my ring and I should focus my energy on growing my collection with new items instead, like the bracelet. Logically, it would make sense for me to get the bracelet first as those items get more expensive every year while lab diamonds may be declining every year. But does anyone else think differently? I am the type of person who wears my engagement ring every day (pre-covid), and I would wear whichever bracelet I got 24/7 if it helps. TIA!
Current ring is pictured below. It's a 1.25 center diamond with halo on a 5.25 ring size. I'm considering getting a 2-2.1 ct lab diamond on plain band, which would cost less than my original ring because the price of lab diamonds have declined significantly. I'd probably sell my current ring at a 50-60% loss but it pays for a decent amount of the new ring.
My husband thinks it's a waste of money to upgrade my ring and I should focus my energy on growing my collection with new items instead, like the bracelet. Logically, it would make sense for me to get the bracelet first as those items get more expensive every year while lab diamonds may be declining every year. But does anyone else think differently? I am the type of person who wears my engagement ring every day (pre-covid), and I would wear whichever bracelet I got 24/7 if it helps. TIA!
I agree with Swanky, I’d keep your ring and focus on adding new and classic pieces to your collection. However, I admit that I’m not a fan of lab diamonds which does affect my viewpoint with regards to upgrading.
