Purchasing cheap engagement rings is typical, considering the average cost of an engagement ring is around $4000. For many, this cost can be used in more pressing demands.
The price could be used as a down payment for a new house, reducing student loan, or even a travel package. Whatever the reason, purchasing a cheap engagement ring is just as tricky as selecting premium precious metal designs.
There are various things to consider, especially if you want top value for our dollar. With so many options, the best approach is to compare top-rated offers from jewelers that boast a flourishing market review.
In the Post
Why Looking for Cheap Engagement Rings
Purchasing a cheap engagement ring can be a smart decision for many. What is affordable for one buyer might be expensive for another person, so it is always essential to have a budget before looking for engagement rings.
Budget strains may limit the choices available, considering the best quality stones are very costly. However, engagement rings have become very trendy, especially among the young generation, who wear jewelry simply to make a personal statement.
Rings come featuring various personalized elements and different price tags. This means you can set a budget and find the top value for your money.
Many people would love to propose using the most precious gem or valuable stone that can be found on our beautiful planet. However, this means spending thousands of dollars, which might not be the smartest decision for your financial health.
In fact, more than 1/3 Americans believed that young couples should spend less than $1,000, according to a statistic by Go Banking Rates. Don’t be obssesed with the “2 or 3 months salary” rule when you have a plan to propose.
You can still set a budget that will get you genuine decent quality cheap engagement rings that your partner will appreciate and moreover live to remember for his or her life time.
Why Their Prices are Low
Generally, engagement rings that feature premium quality stone, cuts, artistry and elements will cost top dollar. These valuables come with certification and details of their specifications, highlighting just how much of an asset they are. As such, the cheaper the engagement ring, the less valuable it is. Prices drop for a wide variety of reasons, which include:
Quality and weight
If everything else remains unchanged, synthetic stones that are human made or lab-grown will cost much lower than a standard mined diamond.
Flawed diamond and used engagement rings will also cost less compared to new premium gemstones. The quantity of pure precious metal used in the engagement ring will also influence the price. If the cut has more stones, it will attract a higher price tag.
Material used
Engagement rings are made using various materials, ranging from pure precious stones, such as VVS diamonds and gold to platinum, silver and a wide variety of gems and natural crystals.
You can also find engagement rings made using diamond simulants, so they manifest some of the inherent characteristics of pure diamond. Pure precious metals will generally cost more than semiprecious metal and other gemstones.
Certification
Precious stones, such as diamond, gold and some semiprecious gemstones, come with GIA, AGS, or IGI certificates, showing you details about the stone, its trim, characteristics, maintenance requirement and other specs.
This makes it effortless to assign the right value to the rock and engagement ring. It also provides security for your asset. Engagement rings that lack certification will generally cost less and come with limited protection.
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Walmart Cheap Engagement Rings under $1,000
Below we review the top cheap engagement rings form Walmart, focusing on design (stone cut, shank style, etc.), material, color and best skin tone. The rings are also categorized according to three pricing brackets as follows:
1. Five-stone Diamond Engagement Ring
This 1c.t.t.w diamond ring (a 1/2ct center stone with 4 accent diamonds) is our pick for the best cheap engagement rings under the $1000 price tag. Coming at around $890, the diamond ring sits on 14k white gold and boasts various other features that make it a natural choice for many. It also comes with the inherent characteristics of the Pompeii3 family of engagement rings.
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Design
This classic women’s engagement ring features a ½ ct center stone accented with four diamonds. It boasts 100 percent natural and real diamond that is prong-set in a vibrant 14k white gold. Stylish blue and white diamonds complete the five stone engagement ring.
Material
The simple design of Pompeii3 engagement rings only calls for a few materials. The ring features four accent diamonds that are prong-set on 14k white gold. Both the gold and accent diamonds are pure and mined from the ground to create a classic five stone engagement ring for women.
Color and best skin tone
The white diamonds with a slight blue hue blend with the white gold ring is perfect for everybody, especially wearers with a darker tan like skin tone.
2. Inara Diamonds 1ctw Halo Bridal Set Engagement Ring
If you prefer an engagement ring that is more colorful yet simple, Inara Halo Bridal Set diamond ring provides one of the best affordable offers under $1000. Priced at around $899, the 1ct diamond engagement ring is prong set on a 10k rose gold and decorated with handpicked diamonds within the G to C color range, making for a stunning masterpiece.
Design
Concerning the design, the Inara diamond engagement ring boasts a center stone surrounded by 59 accompanying diamonds for a total of 1.00-Carat weight. The diamonds are set on two rows that go around the rose gold ring and circle the huge 0.60 Carats center stone.
Material
Inara Halo Bridal Set engagement ring uses a simple classic wedding ring design that features two primary materials. Handpicked diamonds in the I2-I3 quality range and G-H color combine with premium quality 10k rose gold to encapsulate the ring’s beauty. All the diamonds are of the same size except for the center stone.
Color and best skin tone
The rose gold and G-H color palette are suitable for any skin tone, preferably with a pale or light tan.
3. Maibella T.W. Princess Round Cut Diamond Engagement Ring
The Maibella ½ Carat TW 10k white gold diamond engagement ring is another affordable choice that’s worth all the $661 and 99 cents charged for the masterpiece. Its tidemark princess and round cut diamonds decorate the top half to form a classic elegant look. It also uses white gold, which offers the perfect canvas for premium diamonds that have been tested for Carat, clarity, color and cut.
Design
Maibella diamond engagement ring boasts a classic design centered on ½ ct diamonds placed on a radiant 10k white gold frame to provide an elegant expression of love. Every rock used in the design is 100 percent pure and tested for the 4Cs.
Material
Like most premium, cheap engagement rings, the Maibella ½ ct TDB princess diamond engagement ring uses gold and silver precious stones to complete the design. The classy engagement ring uses 10k white gold and a stylish center stone accompanied by small diamonds to make a ½ Carat total weight.
Color and best skin tone
The silver-white engagement ring is perfect for every skin tone!
4. Black Diamond Milgrain Engagement Ring
This is another stunning engagement ring from Maibella within the $1000 price range. The wedding ring retails at $589.99. The black diamond engagement ring is set on 10k white gold and features classic stylistic elements that decorate a round cut diamond. It has 22 round black diamonds surrounded by white diamonds.
Design
Concerning design, Maibella 1 ¼ Carat engagement ring uses prong-set, pave and bezel set white diamond stones and surfaces with a milgrain finish. The gift box packaged wedding ring has round black and white diamonds crafted on a 10k white gold.
Material
Maibella 1 ¼ Carat TW black diamond engagement ring features two prominent colors. The center stone and 22 other round cut diamonds are black. Surrounding diamonds and the 10k gold are white, offering a bold, sophisticated piece.
Color and best skin tone
The black and white color blend is perfect for wearers with a darker skin tone but suits anyone with a preference for a sophisticated dressing style.
Walmart Cheap Engagement Rings under $500
5. Jean Mata 1ct Pear Cut Halo Engagement Ring
The Jeen Mata 1Carat Pear Cut diamond engagement ring is one of the best choices under $500. It features real diamond cuts in a modern pear shape and set on 10k white gold for an elegant engagement ring. Designed for passionate jewelers, the handmade halo engagement ring boasts 0.33-Carat center stone surrounded by small, sparkling 0. 67 Carat white diamonds.
Design
Jeen Mata features a pear cut center stone made of 1/3 Carat white diamond, surrounded by small sparkling diamonds that sit on a solid 10k white gold. While the design features basic stone setting, unique pear cut stones and a polished finish provide elegance to the slim trim of this modern engagement ring.
Material
Jeen Mata uses two primary materials for the $429 engagement ring. These are white diamonds (1/3 ct center stone and 2/3 ct accent diamonds) and 10k white gold. The design results in a total weight of 1 Carat.
Color and best skin tone
This engagement ring is dominantly white because of the white diamonds and gold. However, it features blue hues that make it a natural choice for all skin tones.
6. Maibella Princess Cut Diamond Cross Over Engagement Ring
Maibella ¼ Carat TW princes cut and round cut diamond engagement ring is another elegant piece you can get for less than $500. Retailing at $407.99 at Walmart, this white engagement ring features a beautifully layered centerpiece in a swirl design that is crafted on plush 10k white gold. It boasts pave-set diamonds that overlap each side of the gold trim and a swirl of ten pave set diamonds highlight its exquisite design.
Design
Maibella Princes and Round Cut diamond engagement ring uses classic ¼ Carat diamond set on 10k white gold. It also has an overlapping swirl of diamonds that give it the unique cross over design. The stylish engagement ring features pave set stones and stunning finish with sparkling edges.
Material
Like most engagement rings within the price range, Maibella Cross Over diamond uses two primary materials, which are pure diamond and white gold.
Color and best skin tone
The Maibella Princes and Round Cut engagement ring feature white gold and diamonds chosen from the G-H color range. The ring suits all skin tones, including pale and dark skin tones.
7. Maibella ¼ Carat TW. Diamond Engagement Ring
If you are looking for a charming engagement ring to express your love and commitment to your sweetheart, the Maibella ¼ Carat diamond engagement ring makes for an excellent choice. It features four Princess cut and prong-set sparkling diamonds for the center stone. Adorning the 10k white gold band and eight round-cut and prong-set white diamonds chosen from the G-H color range and I2-I3 clarity.
Design
The Maibella ¼ Carat princess-cut and round-cut diamond engagement ring feature lustrous white gold that provides the canvas for an invisible stone setting. The elegant ring offers unique cuts ideal for those seeking modern style white diamond and gold rings.
Material
This cheap engagement ring boasts a robust design with a stunning sparkling white diamond set on solid 10k white gold. The four square diamonds and eight round cut band diamonds have a total weight of ¼ Carat that forms the trendy, sophisticated engagement ring.
Color and best skin tone
The white hues of Maibella ¼ Carat engagement ring suits all skin tones, but work better with darker tan, which provides the perfect contrast.
Walmart Cheap engagement rings under $200
8. Maibella Cushion-Cut White Sapphire and Diamond Accent Engagement Ring
If you are looking for a solid, long-lasting, stylish engagement ring under the $200 price tag, Maibella 1 ¼ Carat TGW sapphire and diamond engagement ring offer a perfect choice. The masterpiece features sparkling cushion-cut sapphire as the center stone accompanied by twinkling round cut diamonds at each side of the 10k white gold. It is available in various sizes and boasts pure gems that have been tested and certified.
Design
Maibella is known for its gorgeous designs, and their 1¼ Carat TGW cushion cut and round cut sapphire and diamond accent engagement ring is no different. It features prong-set diamonds and authentic materials that encapsulate its modern style.
Material
As expected for most low budget engagement rings, this design uses sapphire and diamond accents. Sapphire is still very durable and one of the reliable gemstones used in cheap engagement rings. The diamonds are set on a 10k white gold.
Color and best skin tone
Diamonds used in this engagement ring are chosen from the G to H color range and the gold is white. Sapphire provides darker hues, which suit those with lighter skin tones, but people of all skin tones can wear the ring.
9. PalmBeach Jewelry Round Cubic Zirconia 3 Stone Engagement Ring
Priced at $179.82, PalmBeach 3 stone engagement ring is one of the most attractive offers under $200. It features sparkling 2 Carat Cubic Zirconia for the center (largest) stone and ½ Carat round brilliant accent stones of the same material. The beautiful prong set engagement ring is richly crafted on to solid polished 10k yellow gold.
Design
PalmBeach Cubic Zirconia engagement ring uses simulated production from Thailand and boasts a classic three-stone design that can be used for weddings, anniversaries and engagements. It features 2 Carat and ½ Carat stones. It also has a bright finish that brings out the boldness of its neon colors.
Material
PalmBeach engagement ring uses Cubic Zirconia for the centerpiece and two smaller side stones that complete the ring’s design. The rocks are crafted onto a 10k yellow gold polished to offer a lustrous hue.
Color and best skin tone
The Cubic Zirconia used in this engagement ring is white but features various other accent colors that reflect the bright finish. The yellow gold also reflects onto the accent stones to complete a stunning hue that suits people of all skin tones.
10. Diamond2Deal 14k White Gold Engagement Ring
The Diamond2Deal 14k white gold over green oval peridot and white topaz is priced at $130.99, making it the cheapest engagement ring. The peridot and topaz engagement ring boasts an elegant layering and prong setting. The band is made using high quality 92 solid sterling silver and silver-tone plating that offers a luxurious shine and feel.
Design
Diamond2Deal 14k white gold peridot and topaz engagement ring can compete with most top offers in terms of design. Large oval peridot at the center stone is circled using white gold and accompanied by smaller green peridot sandwiched by white topaz.
Material
The Diamond2Deal 14k white gold engagement ring features four different materials within the design. Green oval peridot cuts are blended with 14k white gold and white topaz layers set atop a sterling silver band.
Color and best skin tone
This engagement ring features shades of green and silver-white hues that suit all skin tones. The greenish reflections are perfect for those with lighter tones.
To Wrap Up
There are various ways to save more bucks on your engagement ring, thanks to a wide variety of offers in the market. For instance, purchasing and polishing a used antique engagement ring can significantly reduce your budget.
Cheap doesn’t always imply undesirable quality. However, with so many offers, it is essential to carefully review your options and choose highly rated jewelers that can provide top value for your money.
Our list offers the top ten options in various price categories, including information about the cut, Carat and design, so you can have a baseline for choosing impressive engagement rings without breaking the bank. You can also customize the orders and they come in many sizes.
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