Thinking about making a commitment to the person you love? Buying an Engagement or promise Ring can be a major purchase, but it doesn’t have to be scary or overly expensive! Knowing your budget beforehand is an important early step, especially if your heart is set on purchasing luxuriously designed engagement rings. Understanding ring designs, their individual beauty and why they cost what they do is vital. That way, if you’re shopping on a budget, you can still get a promise or engagement ring that looks much more expensive than it is.

Not everyone can splurge on high-priced diamonds or gold rings, but you can find excellent, affordable diamonds or gold rings without compromising style or breaking the bank. Here are some tips and design options to help!

1. Explore a Range of Options

For affordable engagement or promise rings, don't limit yourself to only traditional engagement rings. There are various alternatives that offer exceptional beauty at a fraction of the cost. For instance, you can choose beautiful gemstones like moissanite or lab grown diamonds that are more affordable than traditional diamonds. Sterling silver is another great option for lower-cost rings instead of the more typical yellow, rose, and white gold.

2. Embrace the Elegance of Moissanite

Moissanite is a gorgeous gemstone that offers exceptional brilliance and fire, making it an ideal alternative to traditional diamonds. Not only is moissanite more affordable, but it also comes in various shapes and sizes, allowing you to find a ring that suits your personal style. 

Set on a show-stopping-sized diamond? This Oval-Cut 4 7/8ctw. Created Moissanite Solitaire Engagement Ring in 10k White Gold is sure to catch your eye. It features a large center oval-cut moissanite and 44, that’s right, 44 round-cut moissanite lining the band.

Finding a moissanite bridal set is a big money saver too. By matching your engagement ring and wedding band perfectly when you buy them as a set, you share in the luxurious, affordable vibes both offer. 

This Cushion-Cut 2ctw. Created Moissanite Bridal Set in 14k Rose Gold includes a matching wedding band dressed in 25 round-cut, buttercup-set diamonds. If you love rose gold and want a big rock on your ring finger that doesn’t rock the bank, this bridal set is a steal.

3. Think about Lab Grown Diamonds

Lab grown diamonds are an excellent option if you’re seeking affordable, but elegant engagement rings. These diamonds are created in a laboratory using advanced technology that replicates the natural diamond-growing process. Available at a lower price point, they possess the same chemical and physical properties as natural diamonds!

For an engagement ring under $1000, this Lab Grown 1/2ct. Diamond Solitaire Emerald-Cut Engagement Ring is a beauty. It features a 1/2ct solitaire diamond set on a simple but gorgeous 14k white gold band.

Another exceptional lab grown diamond unique in cut, design, and beauty is this Pear-Shaped Lab Grown Diamond Halo Twist Engagement Ring in 10k White Gold. The center pear diamond is surrounded by 42 lab grown diamonds.  This diamond halo twist ring is one-of-a-kind.   

4. Consider Sterling Silver Rings

Offering a timeless look like white gold, sterling silver is another popular choice for affordable engagement and promise rings. You can indulge in heart-throbbing designs without sacrificing quality or high dollars.

Want proof? Check out our Brilliant-Cut 1 1/2ctw. Created Moissanite Twist Bridal Set in Sterling Silver for under $300! This modern white moissanite engagement ring is created with a unique infinity design and stackable wedding band. It’s hard to believe this incredible bridal set can be so affordable, but it’s absolutely true.

Choosing rings designed with multiple diamonds or cluster designs is an excellent way to maximize the look and sparkle of your engagement ring. This Emerald-Cut 2 1/3ctw. Created Moissanite 3-Stone Engagement Ring in Sterling Silver maximizes the perceived size of the center emerald-cut moissanite setting it between two smaller moissanite stones.

5. Don't Underestimate the Power of Promise Rings

If you're on a tight budget, promise rings can be a memorable alternative to engagement rings. These rings symbolize commitment and love, and they often come at a more affordable price. This JK Crown® Brilliant-Cut 1/3ctw Promise Ring in 10k White Gold is an example of a truly romantic promise ring that looks expensive without breaking the bank.

The beauty and sentiment behind the promise ring is more important than it’s price. This Diamond Promise Ring in 14k White Gold doesn’t cost an arm or a leg, but its beauty is more than worthy of representing your commitment to the person you love.

Remember, it’s important to shop smart when looking for affordable engagement or promise rings. Decide your budget and explore your design preferences and options at Rogers&Hollands | Ashcroft&Oak. You’re sure to find a ring that meets your budget and exceeds your expectations!

Shop more Moissanite Jewelry.

Shop all Sterling Silver Engagement Rings.

Shop more Lab Grown Diamond Engagement Rings.