Jun 05, 2023 / Diamonds|Engagement / Engagement / Engagement Guide / Engagement|Gifts|Jeweler's Blog Posts / Engagement|Wedding

How Much Should You Spend on an Engagement Ring?

Stephanie Konno

We’ve heard the rumor that you have to spend three months salary on an engagement ring. But as you know, rumors aren’t always true. According to the Wedding Wire 2019 Newlywed Report people spend an average of $5,000 on an engagement ring. Remember that is just an average. There’s no set amount on how much you should spend on an engagement ring. It really is whatever you feel most comfortable spending. The ring represents the next chapter in your lives. It’s not about how much you spend but finding that perfect ring that symbolizes your love for each other!

How much does an engagement ring cost?

Steven Singer Jewelers has engagement rings in all price ranges. And they can assure there’s a beautiful ring just for you. From ready to wear Ready for Love Diamond Engagement Rings start at just $428 all the way to custom engagement rings, Steven Singer has rings to fit any budget. Buying a diamond can be stressful so Steven makes it easy! Unlike other chains or well known jewelry stores, Steven Singer doesn’t play those pricing games. No haggling, no nonsense, no sales, no b.s. , just one Perfect Price every day. So, you’ll always get the best value, at the best possible price. Just another reason to hate Steven Singer.

Top Engagement Ring Styles

A picture of a fashionable engagement ring on a woman's hand

Engagement Rings Under $1000

Engagement rings don’t have to break the bank! Just because the average is several thousand dollars, doesn’t mean that’s what's right for you. Pictures is our Mirage Bypass Ready for Love Engagement Ring. And that's no typo on the price! It's beautifully set in 14karat white and rose gold and utilizes a mirage setting and diamond halo to give her ring a big look for less. With the intricate twist, ultimate sparkle and unique style, you can get details, diamonds, and a yes for under $1,000!

Different sized diamonds in engagement rings change price points.

Solitaire Engagement Rings

You can’t go wrong with a classic. In a solitaire engagement ring, the center stone is the star. Solitaire Engagement Rings are always a popular choice, because it’s also a timeless look that never goes out of style. This is perfect for a classic girl, but also for an indecisive one, whose tastes constantly change. A solitaire setting allows you to put all your money into the center stone instead of splitting up your budget to add diamonds to the side. This is a good choice if the main stone is the priority!

An image of a solitaire diamond engagement ring.

Bridal Sets

Get more bang for your buck with one of Steven's Ready for Love Bridal Sets. No need to worry about what the wedding band is going to cost, bridals sets come with both the engagement ring and matching wedding band. Pictured is our Regal Vintage Bridal Set. The engagement ring has a cluster center which gives you a huge look at an incredible price and around that is another halo! It's no doubt a head turner and people won't believe the price!

A picture of a halo style diamond engagement ring on a woman's finger.

Halo Rings

Halos are when diamonds surround the center stone. They are an excellent way to draw attention to a center stone by making it look bigger as well as accentuate the main diamond. We have large selection of stunning halo engagement rings with intricate designs, big looks guaranteeing you'll get an enthusiastic yes!

A stunning 3 stone diamond ring on a lady's finger.

Three Stones

Three stones are also known as past, present and future rings. They are a great way to add a sweet touch to the design. Pictured is our popular Venus Ready for Love Engagement ring. This ring has a big look that scores sentimental points and adds an extra fun twist on the classic 3 stone, utilizing ovals as the center diamonds.

A three stoned diamond engagement ring with step cut diamonds.

A Bit More Sparkle

For a three stone design with a bit more glam, check out the Kadence Ready for Love. It pairs emerald cut diamonds with halos in a three stone design. Step cut diamonds like emeralds can get pricier but when paired with round brilliants, it achieves similar size and quality. This ring matches the flash of an emerald cut with the brilliance of the round to create a huge, glamorous, but surprisingly still classical look. It will no doubt turn heads.

A ring with a diamond set into it to give it more of a custom feel.

Loose Diamonds & Settings

We have thousands of settings and certified loose diamonds. If you are looking to have more of a say in the diamond and what setting it is paired with, it may make more sense to talk to a real jeweler. At Steven Singer Jewelers, we love to sit down, educate you on diamonds and what factors go into the price of a diamond. To save you even more money and stress with customizing an engagement ring, we have our own shop on site with master bench jewelers to do any and all the work in house. Unlike other jewelers, we set everything in house, and you get your first ring sizing for free. The benefit of having our own shop on site is that we never to inflate the price to cover shipping costs back and forth for shop work and the turnaround time for setting can be as little as one day getting your engagement ring back to you quicker.

Custom

The sky is the limit! If you can't find exactly what you're looking for, we can make it for you. Our jewelers love working with you in creating the perfect piece of jewelry and you are a part of the process every step of the way. But rest assured, even if you do custom at Steven Singer Jewelers, we still honor our 100-day, 100% money back guarantee. Unlike other jewelers who make custom jewelry final sale or non-returnable, the most important thing to us is that our customers are happy. If you would like to learn more about the process of making a custom engagement ring click here. I did an article on that too!

Items In This Article