An engagement ring is a piece of jewelry you (or your partner) will hopefully wear for the rest of your life. So it must be an item you absolutely love and want to look at all the time.
Unfortunately, for many of us it isn’t an option to spend thousands of dollars on an engagement ring. Especially if there’s also a wedding to plan, a dream house to save up for, and future children to raise.
Your affordable engagement ring options regarding the design are abundant, however, in terms of the quality of the diamond you might have to make some compromises…
For under $1,000 you should expect a 0.20 carat diamond at the very maximum with a lower clarity and color rating than pricier diamond engagement rings. Or, you could also opt for a bigger, but less expensive main gemstone (e.g. a sapphire) and a few smaller accent diamonds.
There’s also a lesser-known, hidden benefit of these lower-grade diamonds!
Since lower-grade diamonds are less rare, they aren’t only less expensive, it is also much easier to make sure they are conflict-free and come from ethical sources.
So should you buy an engagement ring under $1,000?
It’s up to your personal preferences! There’s no shame in buying a cheaper engagement ring, and use the money for something else.
I, personally, am perfectly happy with my ~$400 engagement ring which fits my personality more than the huge diamonds anyway. And it is still the most beautiful thing I’ve ever owned!
Here are some of the best jewelry brands worth checking out for affordable and ethical engagement rings from minimalist to bohemian and vintage-inspired, along with my top 3 picks from each!
Mejuri makes fine jewelry for every day. The band is the favorite destination for affordable ethical jewelry enthusiasts. Whether you’re looking for a new addition to your extensive jewelry collection, or that single, very special piece you’ll treasure forever, Mejuri’s fairly-priced yet high-end, minimalist pieces got you covered.
Mejuri jewelry is handcrafted ethically using 70% recycled gold, and ethical, conflict-free, sustainably sourced diamonds.
Shipping to these countries with taxes and duties included in price (no additional change upon delivery): United States, Canada, Australia, United Kingdom, Germany
Buying an engagement ring second-hand could be another sustainable and budget-friendly option.
Second-hand engagement rings can sell for as low as the third of the estimated retail price. A pre-loved diamond ring under $1,000 might include a 0.5 carat diamond at best which is 2.5 times the carat weight of a new engagement ring for the same price.