How much you want to spend on an engagement ring or diamond ring is your personal decision.
Guide: How to find your personal diamond ring budget
Here you will find an initial overview to help you decide how much is possible for which budget.
Orientation guideline: How much does a diamond ring cost?
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Often, the finding the right budget is the starting of searching for a diamond ring. But how much do diamond rings actually cost? And how much do I get for my budget?
What does the price of a diamond ring consist of?
The price for a diamond ring includes:
- setting (also called "shank")
- Diamond
- manufacturing
The price for the frame depends on
- Material (e.g. 14k gold, 18k gold)
- Complexity of the design
The price of the diamond depends on
Here you can learn more about these characteristics, the so-called 4C, which determine the value and quality of a diamond.
With the ring configurator of My Diamond Ring, you can choose setting and diamond individually. This gives you full price transparency. (And this is how it works)
Orientation: Cost of the setting (shank)
Kind of setting | Examples | Price (excl. diamond) |
Sleek, "pure" shank | € 495 - € 650 | |
Diamond-covered, "pavé" shank | € 800 - € 1.150 | |
Shank with "crown-pavé" (diamond "halo" around the middle stone) | € 790 - € 990 | |
Full-pavé shank (diamonds around the middle stone and on the ring band) | € 890 - € 1.450 | |
Rings with side stones | € 990 - € 1.995 |
Orientation: This is how much diamonds cost
As already mentioned, the price of a diamond depends not only on its size or carat weight, but also on its clarity, color and cut.
It is therefore possible that two diamonds of the same size have very different prices. (More on the subject)
However, there is a common quality standard for diamonds up to one carat, which are mostly used for rings. This is the color grade "G" and the clarity grade "SI". (Read more)
The table below gives prices for round diamonds that roughly correspond to this quality standard for orientation. For other diamond shapes, the prices may differ.
~ carat weight | ~ quality | ~ price (round diamond) |
0.30 ct | G/SI | € 500 - € 750 |
0.50 ct | G/SI | € 900 - € 1.900 |
0.75 ct | G/SI | € 2.200 - 3.500 |
1.00 ct | G/SI | € 4.500 - € 8.000 |
1.50 ct | G/SI | € 5.500 - € 20.000 |
2.00 ct | G/SI | € 15.000 - € 30.000 |
Price for setting + price for diamond = Diamond ring in your personal budget
As you can see, a classic diamond ring with a 0.30 ct round diamond of good quality is already available for under 1.000€. (Here you can see our suggested diamond rings for less than 1.000€)
The fact that you can select ring and diamond individually is the great advantage of the ring configurator of My Diamond Ring. This is the only way to get the most out of your budget: Choose the ring bar and diamond cleverly and find the ring with the largest diamond in your budget - or the ring of your dreams for less money.
Make the most of your diamond ring budget and find the most beautiful ring at the best price: Here's how
You don't know yet how much you want to spend? Our Budget Guide will help you.