Earlier this week, we explained why diamond prices dropped in the first half of 2012. The decrease in diamond prices is one of the reasons why summer is a great time to buy an engagement ring. Today, we’re sharing all of the reasons why summer is the best time to buy a diamond ring. Virtually every other luxury good or high cost appliance has an ideal time of the year, so it only makes sense that diamonds do too. Here’s why summer time is the best time of the year to buy an engagement ring.