Can you get a diamond ring for $500?

Can you get a diamond ring for $500?

Finding an engagement ring under $500 might mean adjusting your expectations on what that ring is going to look like, however. You shouldn’t expect to find a diamond or even a great quality, large colored gemstone at that price point. Instead, look for smaller center stones and unique shapes.

Is an $500 engagement ring cheap?

Anything over 14k is typically priced over $500, especially if it comes with pre-set stones. However, there are 14k gold engagement ring options just under $500 or $600, that are just as beautiful. The best diamonds for a budget-friendly engagement ring is a 0.30 CT round stone.

Whats the least you should spend on an engagement ring?

General Rule: You should spend at least 2 months salary on the engagement ring.

What CT diamond is best?

A sweet spot in the compromise between size and price, diamonds around the 0.70-ct mark make great engagement ring stones. A diamond budget of about $2,000 can get you a fine diamond at this weight.

What grade diamond is best?

Flawless
Flawless is the top grade in the GIA Clarity Grading System. Diamonds graded Flawless don’t have visible inclusions or blemishes when examined under 10-power (10X) magnification by a skilled and experienced grader. As clarity increases, and if all other value factors are equal, diamond price per carat also increases.

How much does an average wedding ring cost?

The average engagement ring costs over $5,000 and the average wedding ring costs close to $1,000. According to the Knot 2020 Jewelry and Engagement Study, the average price of engagement rings is over $5,000. This is the average price for a country.

Is moissanite a fake diamond?

Moissanite is a diamond simulant made of silicon carbide. A diamond simulant is a stone that has a similar appearance to a diamond but is not a real diamond. It is very difficult to tell apart a diamond & moissanite, making moissanite a common diamond alternative.