Set your budget

A good starting point when choosing an engagement ring is with your budget. Early decisions around this will help you select the perfect ring at the right price.

where do i begin?

You may well have heard the old adage that an engagement ring should cost the equivalent of three months' salary. You probably haven’t heard that this guideline is based upon a 1940's marketing campaign created by an advertising house, under instruction from the largest diamond producer in the world! Every engagement ring is a one-off, will last a lifetime and symbolises a very special union. Every couple is unique also, and rules should not apply

Maximise Your Budget

When a budget has been set, the next, far more exciting thing to do is to find out which engagement rings fall within that price range. Here are some excellent ways to maximise your buying power and find the best ring at your best price.

Ring design

To get the most out of your budget, think about the style of your ring. While a single diamond solitaire ring can be simple and elegant, a smaller centre stone with a halo of diamonds around it can create a bigger and more contemporary look for the same price.

Precious Metal

A less expensive metal can reduce the amount you spend. Consider white gold instead of platinum for the same look but at a lower price. Yellow and rose gold are also very affordable options.

diamond Shape

Because 75% of engagement rings feature round brilliant cut diamonds, the demand for them is much higher than for fancy shape diamonds and so cost more. We suggest you consider a non-round diamond, such as a cushion or oval shape, to maximise your budget.

Diamond Size

If you are looking for an engagement ring or any piece of jewellery with a coloured precious gemstone such as a sapphire, a ruby or an emerald, please contact one of our consultants who will be happy to look after you. Diamond Exchange can source any gemstone you desire and we have relationships with the best gemstone cutting houses in the world.

ready to get started

Melbourne Showroom

Level 4, 267 Collins St, Melbourne VIC 3000

Book An Appointment

Sydney Showroom

Level 5, 387 George St, Sydney NSW 2000

Book An Appointment

Ethically Sourcing Diamonds from around the globe

Melbourne Antwerp Tel Aviv New York Toronto Mumbai Hong Kong