Expert advice for how to update your most precious piece of jewelry.

Has your taste or, to be frank, your financial situation changed since you first received an engagement ring? Perhaps you've found yourself in a Carrie Bradshaw situation where the shape of your ring is anything but what you dreamed. Either way, there are several reasons why you may be considering a ring upgrade. To help navigate this complicated and very personal process, we consulted top jewelry experts and designers. Here, the dos and don'ts of altering your engagement ring.

Photo: Petkov Plamen