Navigating Engagement Ring Costs: A Modern Approach to Designing the Perfect Symbol of Love

Navigating Engagement Ring Costs: A Modern Approach to Designing the Perfect Symbol of Love

Posted by Aiden Somerville on

Choosing an engagement ring is a significant milestone, and the age-old question of how much to spend can often cloud the excitement of the moment. In this article, we aim to dispel common misconceptions and offer a fresh perspective on designing the perfect ring for your partner, ensuring you not only convey your love but also stay within your budget.

"How much should I spend on an engagement ring?"

The outdated notion of spending three months' salary on a ring has created unnecessary anxiety for many. At Unique Diamonds, we've witnessed countless clients realising that true love doesn't come with a hefty price tag. Whether you spend $10,000 or $6,000, the key is designing a ring that resonates with your partner. In 2023/2024, with the rise of lab-grown diamonds, you can craft an exquisite ring that ticks all the boxes for a fraction of the cost. In fact, 90% of our rings are now lab-grown, showcasing the evolving landscape of engagement ring choices.

"So how much does a ring cost?"

The ubiquitous question of ring costs is met with the nuanced response, "it depends." While this might seem elusive, it's a crucial starting point to understand your budget and preferences. Our goal during the initial consultation is not just to sell a ring but to design the best possible one within your budget. Whether it's a $4,000 ring or one with a 2ct round-cut natural diamond, we tailor our offerings to your financial parameters.

Price ranges and guide

To shed light on potential options, here's a guide on what you could expect in various price ranges: 

$3,000 - $5,000

Natural Diamond: 0.3ct-0.5ct

Lab Grown Diamond: 0.5ct-0.8ct 

$5,000 - $8,000

Natural Diamond: 0.5ct-0.8ct

Lab Grown Diamond: 1.0ct-1.5ct 

$8,000 - $10,000

Natural Diamond: 0.7ct-0.9ct

Lab Grown Diamond: 1.5ct-2.0ct 

$10,000 - $15,000

Natural Diamond: 0.9ct-1.3ct

Lab Grown Diamond: 2.0ct-3.0ct 

$15,000 - $20,000

Natural Diamond: 1.3ct-1.5ct

Lab Grown Diamond: 3.0ct-3.5ct

This guide provides a starting point, however considering factors like cut, color, and clarity the price for diamonds can change quite drastically. For personalized assistance, click here to book an appointment with our specialists. We're here to guide you through the exciting journey of designing a ring that perfectly symbolizes your love.

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