Most of us look for rings set with polished and cut diamond, leaving very few people who actually buy uncut diamond rings for weddings and engagements. Many consumers fail to realize that the latter is a lot less expensive, making them an ideal choice for budget shoppers. An uncut diamond or gemstone can be defined as a stone which is not been polished or cut by diamond cutters. Uncut diamonds are also known as raw and rough diamonds. Uncut stones with superior quality are sent to diamond cutters for making jewelry, while those of lower optical quality are usually used for industrial purposes, due to their excellent physical properties. Most uncut diamond rings available in the market contain a brownish or yellow tint. As the intensity of these colors increases, their value decreases. So buying a raw diamond wedding ring with a yellow or brownish tint could save you hundreds of dollars. Uncut diamond rings with less visible hues would be a lot more valuable. Additionally, the price of color treated uncut diamonds is relatively high. Still, you would not be spending anywhere close to what a fully cut diamond costs.