Guide to Choosing the Perfect Engagement Ring on Any Budget
Getting engaged is a significant milestone, and one of the biggest expenses couples face is the engagement ring. According to a 2021 industry survey, the average cost of an engagement ring in the U.S. is $3,250, with over one-third of couples spending more than $5,000.
Understanding how much to spend on an engagement ring requires knowing your options, the value of different diamonds, and your specific budget. At Revival Diamond, we offer stunning engagement rings featuring lab-grown diamonds. These diamonds possess the same brilliance, cut, clarity, and carat weight as mined diamonds—without the hefty price tag.
Discover key factors to consider when purchasing an engagement ring and how to find a breathtaking piece at an affordable price with Revival Diamond.
How Engagement Ring Shopping Has Evolved
Traditionally, diamond marketers advised spending one to three months' salary on an engagement ring, a guideline designed to drive higher sales. Today, modern couples prioritize ethical sourcing, quality, and affordability when selecting a ring.
While natural diamonds remain a popular choice, ethical concerns about mining practices, conflict zones, and labor exploitation have led many to seek alternatives. Lab-grown diamonds provide a sustainable, conflict-free option at a fraction of the price—often costing 50% to 60% less than mined diamonds while maintaining the same quality and brilliance.
Choosing a lab-grown diamond engagement ring is a smart way to select a stunning and responsibly sourced stone without overspending.
Factors That Affect the Cost of a Lab-Grown Diamond Engagement Ring
Several elements influence the final price of a lab-created engagement ring. Here are key considerations to help you find the perfect ring within your budget:
1. Diamond Size
Larger diamonds require more advanced technology and time to produce, which impacts their cost. For instance, a 1-carat lab-grown diamond ring may start around $1,695, while a 4-carat option could cost approximately $6,995—significantly lower than a mined diamond of similar size, which could be priced as high as $79,000.
2. Designer Collections
Rings from designer collections may be priced slightly higher than non-branded settings. A 2.25-carat designer engagement ring could cost around $4,235, whereas a similar 2.5-carat ring in a classic setting may be available for $3,355.
3. Diamond Cut Complexity
Intricate diamond cuts, such as princess or cushion, require expert craftsmanship, influencing their price. At Revival Diamond, we only offer high-quality diamonds with an Excellent or better cut rating, ensuring maximum brilliance without inflated costs.
4. Clarity and Color
Diamonds graded FG (Nearly Colorless) tend to be priced higher than those with slight color or visible imperfections. However, at Revival Diamond, all our lab-grown engagement rings feature FG clarity or better, with no visible inclusions to the naked eye—meaning you get the best quality at a fair price.
5. Certification
Extremely cheap lab-grown diamonds may be tempting, but uncertified stones often lack quality assurance. At Revival Diamond, we guarantee GIA or IGI certification on all lab-grown diamonds of .75 carats and above, ensuring you receive a high-quality gem. We also offer a price-match guarantee for added confidence in your purchase.
Setting Your Engagement Ring Budget
The amount you spend on an engagement ring depends on where you shop and your financial comfort level. Traditional jewelry stores often have higher prices, while trusted online retailers like Revival Diamond allow you to find beautiful rings at a more affordable cost.
Our collection is fully customizable, enabling you to select a style you love and adjust the diamond size to suit your budget. Whether you're looking for a .5-carat Trellis Solitaire Engagement Ring at $795 or an extravagant 17-carat masterpiece for $60,000, we have options for every price range.
To simplify your search, you can filter our engagement rings by price, helping you find the perfect match for your budget. We also offer an array of dazzling lab-grown diamond accessories to complement your bridal look, such as our 5-carat East-West Pear Tennis Bracelet for just $4,795—a fraction of the cost of mined diamond alternatives.
Choose Ethical, Stunning, and Affordable Engagement Rings at Revival Diamond
An engagement ring represents one of the most meaningful moments in your life. Choosing a lab-grown diamond is not just a budget-friendly alternative—it’s a statement of sustainability, ethics, and timeless beauty.
Revival Diamond offers a stunning selection of lab-grown diamond jewelry, including engagement rings, earrings, and bracelets in various styles and sizes. Explore our collection today and find the perfect ring to mark your forever moment!