Choosing an engagement ring is one of the most exciting and meaningful purchases you'll ever make. However, we understand it can also feel overwhelming—especially when you're working within a budget. The good news is that a stunning ring doesn’t have to break the bank.

Here are our top tips to help you get the most value for your money while finding the perfect ring for your partner.

1. Set a Realistic Budget

Before you start shopping, decide on a budget that feels comfortable for you. The old “three-month salary” rule is outdated—what matters most is finding a ring that fits both your finances and your partner’s style. Be honest with yourself about what you can afford, and remember that a meaningful proposal is about love, not price tags.

 2. Prioritise the "Four Cs"

The quality of a diamond is determined by the Four Cs—Cut, Colour, Clarity, and Carat weight. To maximise your budget, focus on:

Cut – The most important factor for sparkle. A well-cut diamond will reflect light beautifully, even if it’s slightly smaller.
Colour – Near-colourless diamonds (grades G–H) offer excellent value and look just as stunning as more expensive colourless grades.
Clarity – Slightly included (SI1 or SI2) diamonds have minor imperfections that are usually invisible to the naked eye but cost significantly less than flawless stones.
Carat – Instead of a round number (e.g., 1.0ct), opt for just under (e.g., 0.90ct) to get a similar look at a better price.

3. Consider Lab-Grown Diamonds 

Lab-grown diamonds are a fantastic way to maximise your budget while still getting a beautiful, high-quality stone. These diamonds are chemically and visually identical to mined diamonds but cost significantly less. They’re also an ethical choice, making them increasingly popular among couples who prioritize sustainability

4. Consider Alternative Gemstones

If you're open to something unique, consider gemstones like topaz, aquamarine, morganite and opal. These gemstones are softer stones on the Mohs hardness scale and require more care but often are more affordable than diamonds.

5. Explore Different Settings

The ring’s setting can have a big impact on cost. Halo settings, for example, add extra sparkle by surrounding the centre stone with smaller diamonds, making the ring appear larger without the higher cost of a bigger diamond. 

6. Don’t Forget the Wedding Band

Remember to factor in the cost of a wedding band when setting your budget. Some engagement ring styles require a specific band to fit properly, which can influence overall cost whereas other engagement rings, known as "wed fit",  are designed to allow a wedding band to slot in neatly beside it.

 An engagement ring is a symbol of your love, not your spending power. By making smart choices and prioritising what matters most you can find a beautiful ring that fits your budget.

Looking for expert guidance? Explore our collection of engagement rings here or book an appointment to view our vast collection of engagement rings in person.