Finding your Perfect Engagement Ring Budget: Expert Tips and Tricks from HC Jewellers

Finding your Perfect Engagement Ring Budget: Expert Tips and Tricks from HC Jewellers

Finding your Engagement Ring Budget

The pursuit of the perfect diamond engagement ring is a weighty and important task. The trusted private diamond jewellers at HC Jewellers offer the following guidance to assist you in this endeavour.

Firstly, it is crucial that you understand the four Cs of diamond grading: cut, color, clarity, and carat weight. These factors determine the value and quality of a diamond, and it is essential that you familiarize yourself with them before making a purchase. 

Here are some examples to assist you in exploring engagement ring options. Keep in mind that diamond costs vary greatly based on their grading, source and scarcity, and are always subject to change based on the market. All examples below are displayed in CAD, and are based on rates in January 2023. The examples below are for educational purposes only and does not constitute an offer for sale.

Price Range

 Example

$5,000 - $7,000

At this price point, you may find a natural round brilliant .5 carat  D- colour diamond with very good to excellent cut with a VVS2 clarity set on a simple 4-6 prong setting. You may also find a lab grown round brilliant diamond between 1.4-1.5 carats, with an E colour, VS2 clarity and a very good plus cut. 

$18,000 - $20,000

 

At this price point, you may find a natural 1.5 carat round brilliant diamond graded H color, VS2 clarity, in a very good cut with a halo setting. You may also find a 3 carat, round brilliant, lab grown diamond, with an F colour grading, a VVS2 clarity grading, and an excellent cut grading.

$25,000 - $28,000

At this price point, you may find natural diamonds of 1.5 carats, H Colour, SI1 with exceptional cut, set in the popular halo setting. You may also be able to find smaller diamonds with exceptional quality and rarer characteristics, set in more complex settings.

 

$38,000 - $40,000

Between $38,000 to $40,000, you may find a natural round 2 carat, F Colour,  VS2 with an ornate halo pavé setting. 

$50,000 - $100,000

In this price range, you can find diamonds of 2 to 3 carats with exceptional quality and rare characteristics, set in the most lavish and intricate designer settings. You may also be able to find smaller diamonds with exceptional quality and extremely rare characteristics, set in top designer settings.
$100,000+
At this price point and above, you can find diamonds of 3 carats or larger with the highest levels of quality and rarity, set in the most luxurious and elaborate designer settings. 
You may also be able to find smaller diamonds with exceptional quality and extremely rare characteristics, set in top designer settings.

Costs vary by Diamond Shapes

Do not feel confined to the most conventional diamond shapes and cuts. While round diamonds are the most popular, other shapes such as princess, oval, or pear can offer similar levels of quality and beauty at a lower price point.

Chose a metal setting that reflects her

Furthermore, consider alternative metal settings for the ring. While platinum and white gold may be more expensive, they also offer a modern and stylish aesthetic. Choose the metal that best reflects your personal style and taste.

We hope these suggestions serve you well in your quest for the perfect diamond engagement ring. Trust in our expertise and guidance, and may your journey be a successful one.

Book a Consultation

At HC Jewellers, we pride ourselves on our ability to create truly unique and custom engagement rings that reflect your personal style and taste. Our expert team, led by Gulzar and Mimi, has the skills and expertise to assist you in designing the perfect ring that embodies your love and commitment.

Whether you have a specific design in mind or are looking for inspiration, we are here to guide you through the process and bring your vision to life. With a wide range of options at every price point, we have something for everyone.

Book a consultation with us today to start your journey towards the perfect custom engagement ring. Let us help you celebrate your love and commitment in style.


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