Engagement Rings For Under $1000

Here’s our guide, with tips and advice, on how to get a good deal on a quality engagement ring for under $1000…  

Classic 1/2 Carat Diamond Solitaire

For Brides-To-Be with their hearts set on a traditional diamond solitaire, a 1/2 carat diamond solitaire engagement ring is a very affordable and attractive option. A 1/2 carat Princess cut diamond (in SI2 clarity and J color grade) will be priced well under $1000. Note, the 1/2 ct. solitaire is usually best suited for women with smaller hands, typically size 6 or less.

James Allen offers a budget conscious 4-prong “presentation” solitaire setting for $180 [below] and a large selection of good quality 0.5 ct (or better) GIA certified Princess cut diamonds for under $820.

2mm Knife Edge Solitaire Ring

2mm Knife Edge Solitaire Ring

Petite French-Cut Diamond Eternity Band

Petite French-Cut Diamond Eternity Band

With James Allen (like other high-end jewelers) you pick the diamond separately from the setting, so you can get just the diamond you want.

A tip to keep in mind when selecting a 1/2 ct diamond is that in general a Princess Cut Diamond will be around $200 less than a round cut. The reason is that the Princess Cut is a more efficient cut as it’s “inverted-pyramid” shape follows the natural crystalline structure of the raw diamond, so it retains much more of the original stone.

Eternity Bands as Engagement Rings

Another trend that is growing in popularity is choosing a diamond eternity band [above] for an engagement ring. Many women prefer the subtle yet stunning look that symbolizes the eternal nature of marriage. By forgoing the large center stone of a traditional engagement ring, one is able to purchase a high quality ring at an affordable price.

Lots of Sparkly Small Diamonds

One way ring designers can make a nice affordable sparkly ring is to use a lot of small diamonds instead of one large rock. The reason this works is that diamonds are priced by their availability. Tiny “Pave” diamonds are readily available and so they are quite inexpensive. For example, a 1 carat weight worth of Pave diamonds will be under $400, while a 1 carat diamond of the same quality will cost around $5000.

You can find a variety of settings that feature “pave” diamonds, including the popular Halo and Twisted Bands designs. One nice feature of the Halo style, aside from the fact that it is currently very popular, is that the ring of halo diamonds makes the center stone appear larger. Twisted bands and other intricate setting styles are very much in fashion and often available at affordable prices,

Be aware that some jewelry makers will use lower quality (I1,I2 or even I3 clarity) diamonds in their rings in order to keep the price as low as possible. Unfortunately these diamonds will usually lack sparkle and may even have a milky cloudy appearance.

Gemstone Engagement Rings

Made popular by the marriage of Prince William to Kate Middleton, blue sapphires (or other gemstones) with diamond halos are beautiful and can be an affordable alternatives to the traditional large center diamond.

Shop Online and Save

Finally, save time, energy and money by shopping online. Where brick and mortar stores have to adjust their prices to pay for their rent, employees and over-head, online stores adjust their prices to compete in the competitive world of internet shopping. Do yourself a favor and shop online for the engagement ring of your dreams!

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Ring setting images are from James Allen.