These are known as the four Cs, with cut quality one factor that you’ll want to pay special attention to when choosing a diamond. You could also opt for a slightly smaller diamond and match it with a beautiful pavé or halo ring. Where is the Best Place to Buy Engagement Rings Online in 2021? This will leave you with enough money for a simple ring setting. Average American Budget For Engagement Rings (Millenials will surprise you) The average millennial couple from ages 18-34 spends around $3,000 on an engagement ring. For a perfectly colorless and flawless diamond in your price range, you’ll be able to buy a small 0.25 – .044 carat diamond. For example, if you choose this 0.70 carat, H color, VS1 clarity round diamond ($1,891), you’ll be left with $1,109 to spend on a setting. With a budget of $3,000 to $5,000, you’ll be able to buy a gorgeous engagement ring for your fiancé-to-be. The Shops at Hilltop; Richmond. These are a couple of places where you can cut costs without sacrificing beauty. This beautiful 0.41ctw common prong ring, which features 18 prong-set diamonds, would also look fantastic with this 0.75 carat, H color, VS1 clarity round diamond, all while coming in close to budget at $4,280. Learn More. Lab created diamonds and earth grown diamonds are chemically identical. At $4,420, it’s possible to pair it with a simple but elegant solitaire ring for a total price of around $5,000. The naked eye can’t distinguish a colorless D-F diamond from the near-colorless G-I diamond. And considering being smart about funds is crucial right now during this uncertain time, we've found options for every budget -- under $5,000, $3,000 and $1,000 options. All good quality diamonds are certified, meaning they’re sent to a gemological lab and graded before they go on sale. Need help choosing a setting? To get the best value for money and find a great diamond in the $3,000 to $5,000 range, we recommend focusing on eye-clean diamonds, not diamonds with perfect clarity or color. For example, walking into your local jewelry store and buying an “off-the-shelf” diamond ring will almost always result in your overpaying. If you can afford to spend $4,000 or $5,000 for an engagement ring, you’ll be able to choose a larger diamond and select from a wider range of settings, including more ornate pavé, halo and side-stone engagement rings. This is a resource developed by Carl Jones. The Pearla Ring (4 Carat Center) As shown: $2,800.00 The Sophia Ring (5.45 Carat) However, the $7,650 difference in price is easy to notice in any situation. Their imaging technology is the same as inspecting a diamond with a jeweler's loupe. We recommend buying from a trusted online vendor like James Allen or Blue Nile. James Allen is the leader in online diamond sales. We recommend buying your diamond engagement ring from James Allen or Blue Nile. Brands like James Allen and Blue Nile are good places to start. Choose affordable engagement rings that look unusual. We'll help you get the best diamond for the money. Or, if you’ve received a diamond ring from a relative you can also have it modified. We get commissions for purchases made from our affiliates through links in this article. Free prong tightening, repolishing, rhodium plating and cleaning every 6 months, One free resizing within 60 days of purchase, Best-in-class high quality imagery of all diamonds in stock. With a budget of $3,000 to $5,000, you’ll be able to buy a gorgeous engagement ring for your fiancé-to-be. According to The Knot, non-diamond engagement rings are more popular now than ever (https://www.theknot.com/content/non-diamond-engagement-rings). Opting for a 1-carat diamond will give you a bigger ring setting budget. With a budget of $3,000 to $5,000, you’ll have no problems buying a beautiful diamond engagement ring that’s close to the average size. Copyright © 2014 - 2021 The Diamond Gurus | DMIA. The simplest solitaire ring setting may only cost $250. We’ve gone over this in the section below. We always recommend buying your engagement ring online over buying it from a local jewelry store. If you need help choosing a diamond and setting in this price range, feel free to contact us and we’ll provide our expert recommendations. How Much to Spend ♦ 11 Affordable Engagement Rings ♦ How to Budget ♦ How to Make Your Ring Look Bigger. For a 5000 engagement ring budget, you can easily get a 0.7 to 0.8 carat diamond ring with better quality elsewhere. According to Business Insider, the average American spends $7000 on their engagement ring (https://www.businessinsider.com/engagement-ring-average-cost-by-state-2018-2). Knowing where to cut costs can leave you with an above-average diamond for a below-average cost. If your budget is around $3,000 for a diamond engagement ring, you might be surprised to know that you are right in line with the average couple here in America. https://www.theknot.com/content/non-diamond-engagement-rings, 1-carat blue sapphire gemstone costs just over $300. These diamonds are identical in size. Below, we’ve put together a complete guide to buying an engagement ring with a budget in the $3,000 to $5,000 range. For an F color, VS1 clarity, and ideal cut, you can buy a 1.0 carat lab grown diamond for $2000. This is true even if you find a ring in a local jewelry store that’s on sale. All of these diamonds can be set in a solitaire ring without costing much more than $3,000 in total. In general, we recommend buying a diamond engagement ring from either James Allen or Blue Nile. Find out which gorgeous rings work with your budget and get inspired to create your own $5,000 engagement ring. This isn’t because brick-and-mortar vendors are necessarily out to rip you off — it’s just that the costs of running a retail store necessitate a big profit margin. I would definitely not recommend mall stores, as I don't consider them good values and I often question the quality of their products and stones. You could also choose this 1.03 carat, H color, VS1 clarity cushion cut diamond for $3,149. Blue Nile has an incredible inventory of diamonds, with hundreds of thousands of loose stones available in every price range. For me, it conjures up images of dollies, chocolate covered almonds, bubbles, and food that should be used as doorstops instead of being consumed by humans. Diamond rings from Blue Nile are also sold with a 30-day return policy and a lifetime warranty. Even if it’s reduced by 20 or 30%, you’ll almost always still pay less for a ring of the same quality bought online. Monica-November 23, 2017 at 6:19 am. You’re on a tight budget and have only $3000 saved up for an engagement ring. Two other factors that affect a diamond’s appearance are its color (how colorless it looks) and its clarity (how free it is of inclusions and other blemishes). Both of these diamonds look stunning and will cost around $4,000 with a simple solitaire setting. That's why we've found diamond options for every budget: under $5,000, $3,000 and $1,000 options. A popular option you may want to consider is to upgrade or trade-in an engagement ring. Our guide covers everything from what to look for in a diamond to the best places to buy your engagement ring for optimal value for money. Perfect color, cut, and clarity come at a premium price. The most we’ll pay per item is $1,000. This 1.00 carat diamond of the exact same color and clarity costs $4,260. I would never buy a piece of jewelry from Zales or most other mall stores. South Dakotans average just $3005 spent on the ring. For example, this 0.80 carat, H color, SI1 clarity diamond would look stunning in this cushion halo diamond engagement ring, all at a cost of $4,135. Starting married life without additional financial stress is a feeling that’s hard to put a price on. $10,000 is quite a generous budget for an engagement ring. If you're looking for an affordable engagement ring, you've come to the right place! The price of a 1-carat diamond can be anywhere from $4,000 to $19,000 depending on color, clarity, and cut. Chief Millennial Money Strategist - … A VS2 diamond (very slightly flawed) often has no visible imperfections to the naked eye. Engagement ring Sponsored Link. Please enter your email address to receive your personal code: Hey I'm Ringo! There’s simply so much information out there, much of it designed not to help you get the best deal, but to help you spend as much as possible. However, for the best value for money, it’s usually better to buy a diamond that’s slightly below one carat in weight. You’ll even have enough money left in your budget for a selection of simple ring settings. For example, this 0.90 carat, I color, SI1 round diamond is $3,590. Affordable Engagement Rings The 19 Most Stunning Engagement Rings That Cost Less Than $3,500 As POPSUGAR editors, we independently select and write about stuff we … Both of these vendors offer a diverse range of diamonds and great value for money, letting you buy the highest quality diamond and setting for your $3,000 to $5,000 budget. As we’ve covered in our diamond price guide, diamonds increase in price exponentially as they get larger. At certain carat weights, the price of a diamond can jump higher, meaning you’ll pay a lot more for a diamond that’s only marginally bigger. Learn How to Calculate Diamond Prices So You Don't Get Ripped Off & Overpay. You could also opt for a smaller diamond and pair it with a beautiful pavé, halo or side-stone ring. Carl has been involved in the jewelry business since his youth. The trick is to know how to get more for your dollar. Every diamond is hand-picked to match your setting and hit your budget. This field is for validation purposes and should be left unchanged. As your budget starts to increase, so can the size of the center stone diamond you select for your engagement ring. If you know the diamond of your dreams is out of your price range, you could opt for a smaller diamond right now. Size up to a 1.00 carat round diamond and the diameter is 6.4mm — a modest 0.6mm increase. Looking for a diamond engagement ring in the $3,000 to $5,000 range? If you want a slightly larger diamond, consider switching to a fancy shape. Register | Login. Find a store. A budget of $3,000 to $5,000 is absolutely enough to buy a beautiful engagement ring that your fiancé-to-be will love. Remember, that intricate design looks more elegant and expensive, than a ring with a large stone! There are absolutely stunning rings out there that don't require you to overspend. You’ll need to factor the ring setting into your budget. link to What Size Earrings for a Tragus Piercing? There’s almost no difference in size between a 1.00 carat diamond and a 0.95 carat diamond, but due to demand for a diamond of one carat or larger, diamonds above the 1.00ct mark often sell at a premium. My Trio Rings ensures you will find your dream wedding ring at a price that won't break the bank. 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