Diamond Engagement Ring

How to Buy Cheap Diamond Engagement Rings on a Budget

Buying an engagement ring is one of life’s most memorable transactions. However, this does not imply that it should be prohibitively expensive. There are numerous budget engagement ring options available and ways to keep the cost down without compromising elegance. Every person wishes to provide their better half with the most beautiful diamond rings possible. The reality is that no one wants to do this at the expense of their entire savings, which makes purchasing diamond engagement rings quite challenging.

By understanding what to look for and what to avoid, you may find a magnificent diamond without spending more money than you should on it. There are various options for getting your dream engagement ring without breaking your budget. In general, we recommend looking for a gorgeous, well-cut diamond, even if it means reducing the carat weight of your diamond. Learn how to make the most of your budget, no matter how much money you intend to spend on a wedding ring.

How to Buy Cheap Engagement Rings Diamond on a Budget

An engagement ring symbolizes the beginning of a new chapter in your relationship and the particular bond you share. That’s why it’s critical to pick one that will last for a long time. These steps will guide you through the process of finding the most stunning ring at the best price.

1. Set Your Budget

Calculate the amount of money you wish to spend on an engagement ring. You may have heard that you should spend two months’ earnings on a wedding band. However, diamond marketers were the ones who came up with this ruse. Instead, choose a spending limit that is appropriate for your financial position. Make a budget based on how much you earn and your other expenses, such as rent and auto insurance. Determine an amount you can afford that will meet some (or all) of your partner’s expectations while also being within your financial means. Keep in mind that being thoughtful does not necessarily imply being pricey. Almost any budget can be accommodated with a magnificent ring selection. Always remember to keep debt to a minimum, especially when there are other expenses on the horizon, such as a wedding or a home purchase to consider.

2. Focus on the Cut

The Cut of a diamond is the feature that has the most significant impact on its appearance. The Cut determines factors such as the quality of the facets formed and the depth of the table. A well-cut diamond will flash and shimmer when viewed under a bright light. It will appear drab and lifeless if it is not correctly clipped. According to our recommendations, only excellent and Ideal cut diamonds should be considered. Consider a depth percentage of less than 62.5 percent and a table percentage of less than 60 percent for round cut stones as starting points.

3. Limit your Carat Weight

While it may be natural to go for a one or 2-carat diamond ring, we recommend you avoid putting too much emphasis on carat weight while shopping for a stone. You can choose between a magnificent 0.7 carat diamond, such as this round cut diamond set in a white gold solitaire ring from James Allen, and a dull 2-carat diamond, such as this engagement ring from James Allen. In addition to having more brilliance and shine, the smaller stone will draw attention to itself more. To achieve the best possible cut quality in your diamond, you should prioritize it above all other characteristics.

4. Aim for Eye-Clean

The clarity of a diamond reveals how many flaws and imperfections it contains. On a scale of Internally Flawless (IF) to Included 2, clarity is rated (I2). Rather than spending more on a higher clarity grade, save your money for something that will significantly impact the diamond’s beauty (like a Cut). Eye-clean diamonds are commonly found in the VS1 or VS2 Clarity grades, which means there are no visible flaws to the human eye. You might even be able to find an SI1 diamond that is eye-clean. There’s no reason to pay extra for an FL or VVS1 diamond.

5. Don’t Pay more than you need to for Color

You shouldn’t pay more for color than you need to because it determines how colorless a diamond is. Diamond color is graded on a scale from D to Z, with Z being a diamond with a noticeable yellow or brown tinge. Typically, a diamond that appears white can be found in the G to I range in terms of clarity. Consider saving your budget instead of spending more money on a D or E-colored diamond. In some cases, you may be able to locate a J or K-colored diamond that appears to be colorless in appearance. When purchasing a yellow gold or rose gold setting, this is very important to consider. Because the diamond should appear white compared to the setting, a darker setting will make the diamond appear lighter compared to the setting.

6. Buy a Diamond Online

Purchasing a diamond online provides you with a significant financial benefit. A more extensive assortment of less-priced rings is available online, which means you have more options. Furthermore, the overhead expenses of internet merchants are significantly cheaper, and the prices of the rings usually are 30-40 percent less than what you would pay in a retail store. In addition, you may be able to find promotions online with sellers such as Amazon that provide you with a discount on the actual setting. In most cases, diamonds are not available for purchase, and if they are, you probably don’t want to buy them. Just make sure to shop with a reliable internet vendor so that you can feel confident in your engagement ring purchase.

7. Choose 14k Gold for the Following Reason

Platinum is the most expensive precious metal for jewelry, and it is not always required. There are many attractive options for jewelry that will hold up to everyday wear, including white gold, rose gold, and yellow gold, among others. 14K and 18K golds are identical in appearance. However, 14K gold is less expensive because it contains less gold in its composition. Using a 14K gold setting is an excellent approach to save money without losing quality.

8. Consider an Alternative Gemstone

While diamonds are ageless and beautiful, there are other, less expensive options. Colored gemstones, such as emeralds and rubies, are striking and appealing, and they are also typically less expensive than most diamonds.

10k Yellow Gold Diamond Engagement Ring Women 0.06 cttw Brilliant Cut 3/16 inch 5mm wide

10k Yellow Gold Diamond Engagement Ring Women 0.06 cttw Brilliant Cut
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  • Very Nice Diamond Wedding Ring Set for Him & Her at a Very Low Cost
  • Please let us know the Men’s size by email thru the “contact vendor” link
  • 3-piece 6 mm & 5 mm Trio Wedding Ring Set Ladies Size 5
  • Solid 10k Gold Made in the USA
  • Comes in a Gift Box

What is the Average Cost of an Engagement Ring?

Instead of following specific “laws” that indicate you should spend a certain percentage of your pay on an engagement ring, consider your financial circumstances when determining how much to spend on an engagement ring. Take into account your daily spending and future expenses such as a wedding. You’ll also want to consider your fiancé’s preferred fashion sense.

Remember that having a more expensive ring does not imply that you are more thoughtful or in love. You can locate a lovely engagement ring, whether a 0.9 carat round diamond set in a vintage setting or a stunning 0.9 carat round diamond set in a vintage setting.

Where can I Find the Best Engagement Ring Deals?

The ideal location to purchase an engagement ring is through a reliable internet retailer like Amazon.com (for colored gemstones). Because they have fewer overhead costs and don’t have to have goods on hand, their prices are often 30-40 percent lower than those in a jewelry store. It is also possible to take advantage of free shipping and returns, making your purchasing experience simple and secure.

How can I Get a Cheap Diamond?

Understanding what to search for and avoid might help you find a magnificent diamond for a reasonable price. There are methods to get the engagement diamond of your dreams without going broke. We recommend looking for a gorgeous, well-cut diamond, even if it means lowering your carat weight.

We’ve also discovered that purchasing an engagement ring online is more cost-effective than purchasing one at a traditional jewelry store. Online suppliers don’t have as many overhead costs, don’t have to keep as much inventory, and don’t have to recruit as many employees. As a result, online ring costs are often 30-40 percent less expensive than those found in traditional brick-and-mortar jewelry stores.

If you’re looking for very affordable engagement rings, you might want to consider something other than a diamond ring as an option. Some gemstone rings, such as sapphire and emerald, can be purchased at a reduced cost while retaining their timeless beauty.

What is the Cheapest Diamond Price?

Diamond Price Chart

Diamond Carat WeightPrice (Per Carat, Round Brilliant Cut)Total Price
0.50 carat$1,220 – $5,800$610 – $2,900
1.0 carat$2,500 – $18,000$2,500 – $18,000
1.50 carat$3,300 – $24,000$4,400 – $32,000
2.0 carat$4,200 – $29,000$8,400 – $58,000
3.0 carat$7,200 – $51,000$21,600 – $153,000
4.0 carat$8,400 – $71,500$33,600 – $286,000
5.0 carat$9,600 – $67,500$48,000 – $337,500

Is it Possible for a Diamond to be too Large?

Although three-quarter carat diamonds are the most popular size, this does not necessarily imply that they are the best choice for everyone. A three-quarter carat diamond may be considered excessively large by certain purchasers. Small hands make a lesser carat appear more prominent while having a narrower finger can make even a half-carat feel overwhelming. When wearing a massive diamond ring, some people with long and lean fingers may discover that the weight of the ring makes it difficult to wear comfortably. A smaller diamond may better suit a woman who is always active or who works with her hands regularly. Furthermore, many women enjoy the look of daintier rings with lesser carat diamonds, regardless of their preference for smaller diamonds.


Unimportant how much money you have to spend, it is essential to begin investigating your possibilities at least two to three months before the proposal. Remember that a trustworthy merchant will not provide you with a significant discount on a diamond, so begin your search for a diamond as soon as possible. If you don’t have a lot of free time, you might want to consider purchasing a three-stone ring. Saving money on diamonds, setting costs, and saving time and work is a win-win situation. Engagement rings are available from a range of internet jewelers. Three of the best are Amazon, Blue Nile, and James Allen.