10 top places to buy engagement rings in London (2023)

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10 top places to buy engagement rings in London (1)

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As one of the world’s most important fashion capitals, London has always been known as an iconic design destination.

If you’re looking for an engagement or wedding looking in London, you’ll be spoilt for choice! From classic to modern and trendy, there’s something for everyone.

If you’re not quite sure where to start, we’ve narrowed down your choices to 10 of the best places to buy jewellery in London, basing our selection criteria on designs, quality, after-sales services, customer service, and customer reviews. You’re sure to find your new go-to local jeweller among this selection.

1. Taylor & Hart

10 top places to buy engagement rings in London (2)

Location: 27 Clement’s Ln, London EC4N 7AE, UK

Customer Rating: 4.9 stars

Website: https://taylorandhart.com

What They Offer:

  • Finance plans to break up the payment
  • Diamond upgrade program
  • Complimentary engraving
  • Rush order service if required, but normally 30 days to complete a bespoke ring
  • Free resizing
  • 30-day returns
  • Free worldwide delivery

Originally known as Rare Pink, Taylor & Hart rebranded in 2016 and has since established itself as one of the best in the British jewellery scene. Taylor & Hart are experts in bespoke jewellery and their aim is to provide the best bespoke services to their customers.

The company prioritizes the personal stories of its customers and works closely with you to try to include these in their engagement rings. They advocate the ‘personal touch’ and each ring you buy from them is unique and tells a story.

Taylor & Heart offers competitive prices, with bespoke rings starting at a reasonable £1500. Customers are involved from start to finish with the design and creation of their ring, and their input is taken into account.

As one of the co-founders of Taylor & Hart mentions, “Customers … want to use this highly emotional product to tell a story in a way that reflects their values and experiences together and a ring they have played a part in designing, empowers them to do just that.” This is why Taylor & Hart has become many young couples’ favorite options when it comes to engagement rings in London.

Apart from this, Taylor & Hart offers exceptional customer service, including the option of getting in touch via live chat, email, phone, WhatsApp, or video call. You don’t have to reside in London to avail yourself of their services. They will work with you remotely.

(Video) 10 Things to Know BEFORE YOU BUY an Engagement Ring

And finally, every ring you purchase from Taylor & Hart comes with a little ruby set into the inside of the band. A nice little touch to serve as a memento of their services to you.

Customer Reviews

Here’s what their clients have to say:

“Taylor & Hart have made purchasing an engagement ring such a special & personalised experience.”

“I had a significant amount of correspondence with them through the process and they were very professional & helpful throughout. My fiancée loved the end result and we were happy with quality & price. The care we’ve received post purchasing the ring has also been very to a high standard.”

2. Rêve Diamonds

Location: Rêve Diamonds, 14 Hanover Square, W1S 1JL United Kingdom

Customer Rating:5 stars

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Rêve Diamonds has grown to become one of the best in the business, known for offering high quality diamond products at unbeatable prices. Reve Diamonds has a large inventory to choose from, with over 20,000 loose, coloured, and lab-grown diamonds in stock. Because they work as a wholesaler, they are able to sell their diamonds at competitive prices. In fact, Rêve even offer a price beat guarantee service, which demonstrates their commitment to providing their customers with the best prices.

All of Rêve’s diamonds can be viewed via appointment at their premises just by Green Park Station. You can also browse much of their inventory online and either purchase online or on-site.

If you’re after bespoke services, Rêve Diamonds are able to assist you in creating your dream ring while aiming to keep to your budget and specifications. They understand that an engagement ring is an important purchase and that your requirements should be at the forefront. This is why Rêve holds a perfect 5 star score on independent review sites as customers rave about their services.

Rêve diamonds focuses on ethically sourced diamonds, and each of their diamonds are conflict free. To put any fears about diamond quality at rest, they only offer GIA-certified diamonds, with each diamond measuring up to the stringent quality criteria of GIA. Note however that the GIA certificate is only for diamonds .30 carats and over.

Rêve is easy to contact, with a live chat service available online. Their shipping services are free worldwide. They also offer a 30-day no questions asked returns policy, but this is only for online orders.

We interviewed Tal Cohen, founder of Reve Diamonds, for his insights into contemporary engagement ring styles.

Services offered by Rêve Diamonds:

  1. Inventory of over 10,000 diamonds to view by appointment
  2. Diamond Price Guarantee
  3. Lifetime production guarantee
  4. 30 days no questions asked return policy for all online orders
  5. Free, insured shipping worldwide
  6. Professional jewellery appraisal on all jewellery

3. London Diamonds

Location:24 Greville St, Holborn, London EC1N 8SS, United Kingdom

Customer Rating:5 stars

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London Diamonds stands out with its commitment to quality bespoke rings and fair and transparent pricing. This is clear in the tons of information available on the website, where diamond buying advice and ‘secrets’ of the trade are clearly explained to help you make an informed choice.

London Diamonds use GIA-certified diamonds that have been ethically sourced from around the globe. They work with the entire wholesale diamond market, taking time to cherry-pick their stones. This means that they’re able to offer quality diamonds without middlemen involved, thus eliminating unnecessary costs. What’s more, they’re able to offer you more choices, as they aren’t limited to the stock they own. Once you’ve had your initial consultation and approved their hand-drawn designs, they will get started handmaking your ring as per your instructions.

(Video) Best place to buy diamonds and jewellery in the UK

The company focuses its efforts on quality customer service. They offer free advice on diamonds and ensure that every customer is treated with respect, regardless of their budget. Customers rave about their non-pushy salesmanship, professionalism, customer care, and quality of products. They also receive praise for their beautiful and discreet packaging and quick delivery. London Diamonds have a perfect 5-star rating from hundreds of customer reviews. However, we found the website to be lacking in information and images of their products, which is probably due to their heavy focus on bespoke jewelry.

Services offered by London Diamonds:

  • Unbiased and free advice
  • Insured worldwide shipping
  • Quality guarantee

4. Hearts of London

Location:24 Greville St, Holborn, London EC1N 8SS, United Kingdom

Customer Rating:4.9 stars

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Located in the heart of London, Hearts of London was founded by Brett Afshar in 2010. He focused on enhancing positive customer experiences when shopping for jewellery, with no hard sale tactics used. The idea is that the quality of the product would speak for itself. Today, Hearts of London has created bridal rings for over 10,000 couples.

The company offers customisable engagement rings for sale on their website, with an excellent range on offer. For a mix of online and physical shopping, you can search from their GIA-certified diamonds online and then request to view them in their London showroom. They offer a live chat function on the website, as well as in-store consultations, for advice and guidance on creating your ideal ring.

The company was named the Bridal Jewellery Retailer of the Year in 2020 by the UK Retail Jeweller Awards, which recognized their excellent customer service and quality bridal retail offering.

Services offered by Hearts of London:

  • Returns within 40 days (terms and conditions apply)
  • Online live chat service
  • In-store consultations

5. EC One

Location: 41 Exmouth Market, Clerkenwell, London EC1R 4QL, UK

Customer rating: 4.8 stars

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Known for their exquisite designs and stunning collections, EC One are specialist in creating beautiful jewellery.

The company uses ethically sourced fair trade and fair mined gold and conflict-free diamonds. They also carry a range of gemstones such as tanzanite, sapphire, topaz, aquamarine, and emerald, among others, for a unique non-traditional engagement ring.

Their engagement ring collection has some unique and trendy designs! You can purchase online or if you are after a custom-made ring, contact EC One for a consultation. They will provide support and assistance throughout the process, of creating the ring in their on-site workshop.

Services offered by EC One:

  • 2 weeks refund
  • Free standard delivery in the UK

While we liked the engagement ring collection, we think the website could be improved, as we found it not very user-friendly and difficult to locate information.

6. Lewis Malka

Location: 100 Hatton Garden, London EC1N 8NX, UK

Customer rating: 5 stars

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Named after its founder, Lewis Malka’s niche market is bespoke engagement rings. Malka is very passionate about this field and says:

“A lot of people have the misconception that bespoke means expensive, to my clients, it means you get exactly what you want at a price you want to pay…My clients get a unique opportunity to stamp their own personality on the ring of their dreams which they will cherish forever.”

(Video) Top 10 Most Expensive Engagement Rings In The World

In fact, Lewis Malka is so committed to his craft that he personally creates the majority of bespoke engagement rings that are ordered. He has the final say in every piece ensuring the quality and standard of each piece. Lewis Malka keep things transparent, inviting you to be involved in the process of creating your engagement ring.

On their website, you can browse their ring collections to gain inspiration. Each ring has a clear description and specifications detailed. However, as they do not sell their rings online, you will have to contact them regarding your ring.

What customers love about Lewis and his team is their professionalism and helpfulness. They know that buying an engagement ring is a unique experience and they aim to make this the best experience possible.

Services offered by Lewis Malka:

  • Affordable bespoke options
  • Conflict free diamonds

7. 77 Diamonds

Location: 3 Hanover Square, Mayfair, London W1S 1HD, UK

Customer rating: 4.8 stars

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77 Diamonds offer great value for money but don’t compromise on standard and quality. They claim that they are able to offer diamonds that are up to 70% cheaper than competitors such as Graff and Tiffany’s because they purchase their stones directly from the diamond cutters in various global locations.

In fact, 77 Diamonds are so sure of their prices that they offer a price guarantee. They go beyond a price match, instead offering to go 1% lower than a competitor’s price if you find the exact diamond for cheaper elsewhere.

77 Diamonds offer you a luxurious experience at affordable prices. Their site is easy to use and functional, facilitating the process of searching for an engagement ring online. They understand that an increasing number of people opt to buy their engagement ring online and cater for it.

The 77 Diamonds site features 6 main ring styles which they outline in detail, including solitaire, diamond band, vintage, halo, trilogy and bespoke.

For a bespoke experience, contact the team for a consultation. You will then work with their team to design a ring based on your particular requirements. Using the latest technology, 77 Diamonds create 3D computer designs so you get to see what the ring will look like. Once they receive the green light from you, they will create your ring to your standards.

Services offered by 77 Diamonds:

  • Price match
  • Free resizing within 30 days
  • 30 day money back guarantee, no questions asked
  • Lifetime warranty (manufacturing guarantee)
  • Free worldwide delivery

8. Stephen Einhorn

Location: 210 Upper St, London N1 1RL, UK

Customer rating: 4.9 stars

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Stephen Einhorn is known for their contemporary custom-made jewellery and unique designs. Founded in 1995, Stephen Einhorn caters to a wide range of customers. They offer a wide range of gemstones, metals and shapes to choose from when deciding on your engagement ring.

Stephen Einhorn definitely have something for everyone from traditional diamond engagement rings to a collection of skull rings (which, although not my cup of tea, are definitely beautifully crafted and gorgeous to look at!). They also have a stunning and impressive collection of rings designed specifically with the LGBT community in mind.

The company is committed to working with responsibly sourced materials. Over 80% of their metals come from recycled sources and all their diamonds are conflict-free and have been sourced ethically.

Stephen Einhorn offer a personalized service and once your ring design has been finalized, it will be handcrafted by their skilled team of jewellers in their Islington workshop. You don’t have to visit their shop to have a ring custom created from Stephen Einhorn. They are happy to work with online customers. Or if not, choose from one of their many pre-made engagement rings available online.

(Video) Lewis Malka's Guide to Hatton Garden - London's Jewellery Quarter

Browse their website for a glimpse into the quality of their work. It is undoubted that they are one of the best in the business.

Services offered by Stephen Einhorn:

  • 2 week money back guarantee
  • Free resizing within 2 weeks

9. Diamond Boutique

Location: 34 S Molton St, Mayfair, London W1K 5RG, UK

Customer rating: 5 stars

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Although it’s called Diamond Boutique, don’t let the name fool you. You can find more than just diamonds here. In fact, Diamond Boutique houses a very solid collection of gemstone engagement rings which are perfect if you are after a diamond alternative.

If you aren’t interested in their off-the-shelf ring collection, get in touch with Diamond Boutique for a bespoke engagement ring. They have a step-by-step process starting with a free sketch and including a Try before You Buy option, where you can have a silver replica of your ideal ring designed. What you pay for this replica ring is later deducted from your total cost.

Diamond Boutique has a large range of engagement rings in their collection at reasonable prices. Their craftsmanship and designs are exquisite and of very high quality.

Services offered by Diamond Boutique:

  • 60 day risk-free returns policy
  • Free worldwide shipping (for orders over £500 and delivery under £40)
  • Try Before You Buy option
  • Financing options
  • Silver Sample Service with flat fee of £97
  • 5 year warranty on all items

10. Ingle & Rhode

Location: 14 Gee’s Ct, Marylebone, London W1U 1JW, UK

Customer rating: 4.8 stars

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Founded in 2006, Ingle & Rhode aims to make ethically sourced and beautifully crafted jewellery available to everyone regardless of budget.

The metals used in their jewellery are either recycled or from Fairtrade-certified manufacturers and their conflict-free diamonds and gemstones can be traced back to their origin. Each piece of their jewelry is made in the UK by highly qualified craftsmen.

Ingle & Rhode caters to online shoppers as well as those who like a brick-and-mortar store experience. Visits to their premises are by appointment only, as they don’t have an open storefront. They have an impressive collection of ready-made engagement rings that you can browse and purchase online.

If you are after a bespoke engagement ring, prices start at around £1500. You can get in touch with them to book your free consultation. If you aren’t able to visit Ingle & Rhode in person, they will work with you over phone and email to create the ring you desire.

Browse their Bespoke Engagement Rings collection on their site for inspiration. If you check this collection out, don’t miss the ring inspired by Vincent van Gogh’s Starry Night! We thought it was pretty creative and very unique.

Services offered by Ingle & Rhode:

  • Free resizing
  • Interest-free credit
  • Free shipping within the UK
  • Comprehensive 10-year warranty

Their customer service is excellent, with professional and friendly staff to assist you in making one of the most important decisions of your life.

We hope you find your match at one of these stores! Not satisfied or want to take your search online? Read our reviews on James Allen, Blue Nile, Brilliant Earth and Brian Gavin Diamonds for your online diamond engagement ring shopping options.


Where is the most reasonable place to buy engagement rings? ›

Costco offers reasonable prices compared to traditional brick-and-mortar jewelers. However, all rings are pre-set and you cannot customize at all. And not all diamonds have a GIA grading report. Online jewelers like James Allen have cheaper prices and allow you to design your own ring.

Where can I get an engagement ring made in London? ›

Choosing an engagement ring is an important moment for every couple.
Here are 12 London-based bespoke jewellery designers well worth considering in your hunt for the ring of dreams.
  • Emma Clarkson Webb. ...
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  • Taylor and Hart.
Dec 7, 2022

Where do British people wear engagement rings? ›

Traditionally, engagement rings are worn on the left ring finger in the UK.

How much is the average engagement ring in London? ›

What is the average cost of engagement rings in the UK? The current average cost of an engagement ring in the UK is between £1,865 and £2,100.

Is $1000 too much for an engagement ring? ›

According to recent surveys, most American couples expect to spend between $1,000 and $5,000 on an engagement ring. The actual average cost for an engagement ring is over $6,000. With all that said, most women are reasonable and just.

Is $1000 too little for an engagement ring? ›

With a budget of $1,000 or less, you'll be looking at diamonds in the range of 0.40 to 0.60 carats. This may sound low, but it's definitely enough to make a gorgeous ring.

What is the most common engagement ring UK? ›

In the UK, a 0.6-carat engagement ring seems to be the average carat size.

Where is Meghan Markle's engagement ring from? ›

The cushion-cut center diamond of Meghan's engagement ring is estimated to be roughly three carats and was sourced from Botswana — a country that is very important to Prince Harry and where the couple took their first vacation together.

Are engagement rings popular in UK? ›

Although diamond engagement rings are highly popular in the UK, many brides are proposed to without a ring. While 64% of Brits still want their partner to choose their “forever ring” to propose with, there is a peaking interest amongst those in a relationship to share the responsibility.

What is the rule for engagement ring cost UK? ›

Three month's wages

One rule suggests that you should spend the equivalent of one to three months' wages on an engagement ring.

What is the tradition of engagement ring in UK? ›

An engagement ring is traditionally worn on the fourth finger of the left hand (also known as the ring finger) in the UK. Wearing the ring on the left ring finger goes way back to Ancient Egyptian and Roman times.

What is the engagement ring wedding ring etiquette in the UK? ›

The majority of people wear their wedding ring on their left hand, particularly in the UK. Tradition states that your wedding ring is worn on your fourth finger and this finger is often known as the wedding ring finger. This is also finger you wear your engagement ring on.

How much is a 1 carat engagement ring UK? ›

The price of a 1 carat diamond in the UK can range from around £3,000 to over £20,000, depending on the shape, quality and where you buy it from.

How much does a 2 carat engagement ring cost UK? ›

The price of a 2 carat diamond in the UK can range from around £16,000 to over £60,000, depending on the shape, quality and where you buy it from.

How many carats should an engagement ring be UK? ›

In the UK, the average carat size for a diamond engagement ring is between one and half a carat. Some suggest it is 0.6 carats.

How many carats is a $10000 engagement ring? ›

Typically, a $10,000 budget can allow you to buy a diamond between 0.75 carats and 2 carats. If you opt for a 0.75-carat stone, it measures about 5.7 mm. Meanwhile, the 2-carat diamond measures about 8.1 mm.

Do people really spend 3 months salary on engagement rings? ›

Despite these societal pressures, a majority of respondents (59%) say they still only spent between $500 and $2,500 on their partner's ring — a far cry from the three months' salary conventional wisdom often dictates. In fact, the typical American puts down just two weeks' salary, according to the New York Times.

What is the 3 month salary rule? ›

It's known as the "three months' salary" rule, and it implies that a buyer should put three months of their salary toward a sparkler for their future spouse. For context, The Knot 2021 Jewelry and Engagement study found that the average cost of an engagement ring in the US is $6,000.

What is the golden rule for engagement ring price? ›

The 'One, Two, or Three Months of Salary' Rule

The most popular wedding or engagement ring myth is the X number of months salary rule. It has become common to calculate the “best” cost for a ring based on one, two, or even three months' worth of salary!

How many carats is too big for engagement ring? ›

One of the decisions to be made when considering the purchase of an engagement ring is how many carats should the ring be? The average according to The Knot (a research company and website for all things wedding) is 1 to 2 carats. There is no rule. Developing a budget is always a good place to start.

How many carats is considered big for an engagement ring? ›

For the average person in the U.S., any diamond at least between 2 and 2.4 carats is considered “big,” i.e., way more than enough.

What time of year is best to buy engagement ring UK? ›

We advise you buy your ring between July and August because this is typically known as wedding season. Many couples get married during the summer months and so you should be able to find some great deals on engagement rings, as wedding rings are the more popular choice at this time of year.

Which British royal has the most expensive engagement ring? ›

While Princess Catherine made the top ten—along with Queen Elizabeth and Camilla Parker Bowles—she didn't top the list. Instead, Queen Jetsun Pema of Bhutan claimed the number one spot. According to the experts at Steven Stone, the monarch has the most expensive royal engagement ring, worth around $1.5 million.

Which Royal has the most beautiful engagement ring? ›

Sarah Ferguson. Sarah, Duchess of York's engagement ring is one of the most recognisable royal jewels, and features a Burmese ruby surrounded by ten diamonds, forming a flower pattern on a yellow gold band.

Where did Princess Diana buy her engagement ring? ›

Charles and Diana, however, went against this long-standing tradition by choosing an engagement ring from jeweler Garrard's catalog.

Where is Kate Middleton's engagement ring from? ›

History says that Kate Middleton engagement ring is the ring of Princess Diana, her late mother-in-law. Princess Diana and Prince Charles were engaged in 1981 then the Prince proposed to Diana with this Sapphire Ring.

How many carats is Kate Middleton's ring? ›

The ring—a 12-carat blue sapphire engagement ring surrounded by 14 solitaire diamonds—is a piece that Kate reportedly adores and has since the moment Prince William proposed to her in Kenya in 2010.

Can I negotiate engagement ring UK? ›

It is indeed completely appropriate to negotiate the price of any piece of jewelry. Jewelers know this and will expect it.

Are diamonds more expensive in UK? ›

On a final note, shopping for a high quality diamond ring in the UK can be a bit more expensive and complicated but it can still be an amazing experience. You just need to plan accordingly and work towards what you want. Good luck with your search!

How much should I spend on an engagement UK? ›

Average Engagement Ring Costs UK in 2022

There are lots of figures available online for the average engagement ring costs in 2022 from around £1800 to around £3000. But some people spend lots more on an engagement ring and some people spend a lot less.

How long does it take to buy an engagement ring UK? ›

How Far in Advance Should I Buy an Engagement Ring? This, of course, depends where you're buying the ring from. If you're opting for a bespoke engagement ring, the process can take between four to six weeks to complete.

Who legally owns engagement ring UK? ›

In broad terms, an engagement ring is given as an 'absolute gift' and, as such, belongs to the person to whom it was given. The law takes no account of which partner calls off the engagement so, regardless of who broke off the relationship, the ring does not have to be given back.

Why do Brits wear wedding ring on right hand? ›

Wearing the ring on the right is relevant because it's the side you shake hands with, so people will be able to tell whether you're married. Also, the right hand is the more important hand, because it's the one you swear with.

What is the difference between engagement ring and wedding ring UK? ›

An engagement ring is usually given as part of the proposal or, if not, at an early point in the engagement. By contrast, a wedding ring is traditionally a plain metal band or a diamond-encrusted eternity band that you receive when you exchange your vows during the wedding ceremony.

What does the ring finger mean in the UK? ›

In the UK, the engagement ring and wedding ring are worn on the ring finger of the left hand, leading this finger to represent everlasting love. Traditionally, the wedding band is placed on the finger first, followed by the engagement ring; this is for practical reasons.

What is the average diamond engagement ring UK? ›

What's the average diamond size for engagement rings? The average engagement ring weight in the UK is around 0.8 – 1.0 carats, which is equivalent to a value of about £3000 to £4,000, depending heavily on the cut, clarity, and colour of the stone.

Who pays for the wedding ring UK? ›

Traditionally it is the bride that pays for the groom's ring and the groom that pays for the bride's ring.

Which finger is for engagement ring in England? ›

Engagement ring finger UK. In the UK, the engagement ring is worn on the ring finger, which is on the left finger next to the pinkie. We actually call this the “ring finger” just to keep things simple.

How much is a 2.5 carat diamond worth UK? ›

A 2.5 carat diamond ring starts at around £8,800 - but the price varies hugely depending on whether you choose a lab diamond or natural diamond. A good quality 2.5 carat diamond typically costs £8,100 if it's a loose lab grown diamond, or upwards of £30,000 if it's a loose natural diamond.

How much is 25 carat diamond worth UK? ›

25 carat diamond worth? The value and price for a diamond of this size varies but is generally between £200 GBP and £310 GBP.

What carat is the Queen's engagement ring? ›

Sourced from a tiara that once belonged to Prince Philip's mother, Queen Elizabeth's ring features a round 3-carat center stone flanked by clusters of smaller diamonds (10 total) and is set in platinum.

Is 1 carat a lot for an engagement ring? ›

Market research shows that the average size of an engagement ring center in the U.S. is around that of a 1 carat diamond, and between 0.5-1.00 carat in other countries.

How big is 1 carat diamond vs 2 carat? ›

A one carat diamond is about 6.4mm and a two carat diamond is about 8.1mm. The face-up surface area of the diamond that weighs twice as much is only about 60% more.

How big will a 2 carat ring look on my finger? ›

A round-cut 2-carat diamond has a width of 8.15mm, which means that it takes up 48.2% or just about half of the finger's width.

What is the most popular engagement ring size UK? ›

The average engagement ring size in the UK is M.

This would also apply for the wedding ring if it is worn on the same finger. So, the average wedding ring size for women is also M. In some cultures, either the engagement ring or wedding ring is worn on the right hand.

What is the most common UK engagement ring size? ›

The average engagement ring size in the UK is M. Likewise, the average wedding ring size for women is M.

How many carat is Meghan Markle engagement ring? ›

The cushion-cut center diamond of Meghan's engagement ring is estimated to be roughly three carats and was sourced from Botswana — a country that is very important to Prince Harry and where the couple took their first vacation together.

What is a reasonable price to pay for an engagement ring? ›

How Much Should an Engagement Ring Cost? A one carat engagement ring typically costs around $5,500, but most couples spend over $6,000—and 7 percent spend over $10,000.

Where to get the best price for a diamond engagement ring? ›

A savvy buyer can save money on engagement rings and other diamond jewelry — up to 50% — by avoiding big box jewelry stores. The best place to buy diamonds for cost-conscious romantics is a jeweler based exclusively or primarily online, like James Allen, Blue Nile, or Clean Origin.

What is the best budget for an engagement ring? ›

General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.

What is the most cost effective way to buy an engagement ring? ›

As you put aside money for the engagement ring, you should know that you can save even more cash by being open to selecting inexpensive, but still stunning materials. For example, you can opt for 14k or 18k white gold instead of platinum, or lab grown diamonds instead of mined diamonds.

What is 1 carat diamond worth? ›

On average, the retail price for one carat diamonds can be anywhere between $2,000 to $16,000, and between $8,000 to $72,000 for two carat diamonds . And of course, the retail price and the resale value of a diamond are very different things.

How many carats should an engagement ring be? ›

One of the decisions to be made when considering the purchase of an engagement ring is how many carats should the ring be? The average according to The Knot (a research company and website for all things wedding) is 1 to 2 carats. There is no rule. Developing a budget is always a good place to start.

Which country sells cheapest diamonds? ›

Dubai is deemed as one of the cheapest places to buy diamonds and rightly so. There's a reason that it is regarded as one of the world's top three diamond trading centers—the other two being India and Belgium.

Is Costco diamond good? ›

Overall, Costco diamonds are of decent quality and offer great value, as long as they're GIA certified. You can find a ring for 50% less than at other big-name jewelry stores. But compared to online retailers, Costco cannot match their selections, customization, or service.

What should I pay for 1 carat diamond ring? ›

According to diamonds.pro, a 1 carat diamond costs anywhere between $1,300 and $16,500. However, a quality diamond doesn't just come down to size. When assessing diamond value, four very important factors are always taken into consideration – the four c's of diamond quality: color, cut, clarity and carat.

Is $5,000 dollars enough for an engagement ring? ›

Yes, you can definitely get a nice engagement ring for $5,000 that often includes a 1 carat diamond and a solitaire, pavé, halo or side-stone setting. There are several styles, designs and settings available that can be paired with a loose diamond to fit within a $5,000 budget.

Is $2000 too little for an engagement ring? ›

Yes, $2,000 is enough to spend on an engagement ring, especially if you select a diamond that's under 1 carat. You can find a beautiful diamond and high-quality setting that fits your style and budget, such as this split shank ring that costs $580, leaving you $1,420 to spend on your diamond.

Is $20,000 a lot for an engagement ring? ›

A $20,000 engagement ring budget is far above the median amount spent on a diamond ring, which is around $3,000 – $5,000. When we discuss the average engagement ring cost, we note that people spending 20k are significantly above the mean.

Should you buy an engagement ring with cash or credit? ›

First and foremost, paying cash is always the best option for major purchases like an engagement ring. Paying cash will save you money on interest, help you avoid late payment fees or penalties, and keep you from buying a ring that's out of your budget.

Is Zales jewelry good quality? ›

Despite the number of setting styles available, the actual diamond quality choice is limited. Zales offers limited choices for color and clarity, while also offering I1/12/13 diamonds which will have very obvious flaws and which I would not recommend you choose.

Is it better to buy an engagement ring with cash? ›

Cash. Most financial experts would say that if you can pay for your engagement ring in cash upfront, you probably should. If you pay for your engagement ring in full right away, you won't have to pay interest like you would with some financing options.


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