According to The Knot 2024 data, the average spend on an engagement ring is between $4,500 and $5,500. Does it have to cost that much? Absolutely not! At MollyJewelryUS, you can get a quality engagement ring on a budget. In this article, we’ll show you how to find a stunning, dreamy ring for as little as $1,000-yes, you read that right!
Table Of Contents:
Tips for Buying an Engagement Ring Under $1000
Strategic trade-offs are key to finding the perfect ring within this budget. Focus your spending on what matters most (for example, if gemstones are more important to you, you can choose a less expensive band material). Don’t have a specific preference? Follow these tips to find the most cost-effective ring within your budget!
- Prioritize Cost-effective Band Materials Instead of Expensive Ones
Opt for 10K or 14K gold over pricier platinum or 18K gold. Explore our Gold vs. Platinum vs. Silver Guide for details. - Go for a Smaller Carat Diamond
Diamond prices spike with carat weight. Don’t fall into the “carat = sincerity” trap. Remember: Your love isn’t measured in carats! - Explore Alternative Gemstones
Swap traditional diamonds for affordable yet stunning options like moissanite, lab-grown diamonds or morganite. These choices save money and add unique symbolism. Discover Popular Diamond Alternatives for Engagement Rings. - Keep Designs Simple
Simple doesn’t mean dull. Many timeless designs, such as solitaire rings, are elegant, never go out of style, and cost far less than intricate designs. - Shop Online
Don’t overlook online jewelry! In this digital age, online jewelers save on physical store costs, allowing them to offer more competitive prices. Just be sure to check their return policies to protect your purchase. - Consider Smaller Brands
Boutique jewelers often prioritize craftsmanship and quality over mass production. - Customize Your Ring
An excellent option for complete customizers to control costs. Need help? Contact us! Our designers will help you create a personalized piece within your budget. Get started!
15 Best Engagement Rings Under $1000
Looking for inspiration? To make your search for the perfect engagement ring under $1000 easier, we’ve handpicked 15 of our most popular options! To help you find exactly what you’re looking for, we’ve organized them into two categories:
5 Best Lab-Grown Diamond Engagement Rings Under $1000
The prices listed for the following lab-grown diamond engagement rings are based on 10K gold, with options available in rose gold, yellow gold, and white gold. (Other metal choices are also available, and prices may vary depending on the selected metal.)
1CT Marquise Cut Lab Diamond Classic Side Stone Engagement Ring $891
The center stone is a 1-carat marquise-cut lab-grown diamond, with classic side stones on each side. The design is simple and elegant, highlighting the shape and brilliance of the center stone. This ring is also available in 14K gold ($980) for under $1000.
1CT Oval Cut Lab Diamond Branch Inspired Engagement Ring $907
Featuring a 1-carat oval-cut lab-grown diamond as the center stone, this ring draws inspiration from tree branches, with delicate vine-like details accented by green gemstones and small diamonds, creating a natural and artistic look.
1CT Oval Cut Lab Diamond Solitaire Engagement Ring Double Claw Prongs $818
With a 1-carat oval-cut lab-grown diamond as the center stone, this ring is secured with a double-prong setting, offering a classic and sophisticated look that enhances the diamond’s brilliance. Both 14K gold and 18K gold versions are priced under $1000, with 14K gold at $908 and 18K gold at $998. The platinum version is priced at $1002.
1CT Pear Cut Lab Diamond Engagement Ring with Twisted Band $834
The center stone is a 1-carat pear-cut lab-grown diamond, set on a twisted band design that is both unique and dynamic. Small diamonds around the center stone enhance its brilliance, creating an elegant overall look. This ring is available in 14K gold for $920, staying within the $1000 budget. If you’re open to going slightly over budget by $10, you can also consider 18K gold ($1006) or platinum ($1009).
1CT Marquise Cut Lab Diamond Art Deco Engagement Ring $965
Featuring a 1-carat marquise-cut lab-grown diamond, this ring showcases an Art Deco-inspired design with a rose gold band. The center stone is flanked by small marquise and round diamonds, creating a vintage and luxurious look.
10 Best Gemstone Engagement Rings Under $1000
Most of our store gemstone engagement rings are priced under $1000. Below are the 10 most popular options. The listed prices for each ring reflect the starting price (Due to the availability of different center stone sizes, stone types, metals, and side stone options). For most designs, even the highest-tier version (featuring the finest metal and side stone options) remains under $1000!
2CT Oval Cut Moissanite Engagement Ring with 3/4 Twisted Band $618
A 7x9mm (2-carat) oval-cut moissanite takes center stage, set on an elegant ¾ twisted band. Small diamonds surrounding the center stone enhance its brilliance, exuding sophistication and grace.
3CT Oval Cut Moissanite Classic Side Stone Engagement Ring $729
The center stone is a 3-carat (8x10mm) oval-cut moissanite, dazzling and brilliant. The band features a classic side stone design, offering a simple yet luxurious look that enhances the radiance of the center stone.
Emerald Cut Morganite Engagement Ring Triple Accent Bridal Ring $540
A 6x8mm emerald-cut morganite serves as the center stone, displaying a romantic soft pink hue. Three small diamonds on each side add a touch of elegance, creating a graceful and charming overall style.
Oval Cut Moissanite Twisted Band Classic Side Stone Engagement Ring $450
Featuring a 6x8mm oval-cut moissanite as the center stone, this ring stands out with its twisted band design. Classic side stones surround the center stone, adding depth and a refined sense of style.
Art Deco Emerald Cut Moissanite Engagement Ring $534
The center stone is a 6x9mm emerald-cut moissanite, designed in an Art Deco style. Small round and baguette-cut diamonds on each side create clean, bold lines, delivering a vintage yet modern aesthetic.
Round Moissanite Flip Snowdrift Engagement Ring Six Claw Prong Setting $283
A 5mm round moissanite is set in a classic six-prong setting, with snowflake-like side diamonds delicately accenting the design. The overall look is simple yet timeless, enhancing the brilliance of the center stone.
Pear Cut Moissanite Engagement Ring Infinity Promise Ring $395
A 6x8mm pear-cut moissanite is set in a silver-toned band featuring an infinity symbol motif. The center stone is embraced by small diamonds, symbolizing eternity while offering a stylish and meaningful design.
Filigree Floral Halo Engagement Ring Pear Cut Emerald Promise Ring $310
The 6x8mm pear-cut emerald exhibits a rich green hue, making it a true statement piece. A floral filigree halo design surrounds the center stone, with accent diamonds adding extra sparkle and a romantic touch.
Oval Opal Trio Side Stones Engagement Ring Dainty Promise Ring $280
The 4x6mm oval-cut opal center stone showcases a unique play-of-color effect. Flanked by three accent stones on each side, this delicate and petite design radiates grace and femininity.
Nature Inspired Kite Cut Moss Agate Promise Ring Emerald Foliage Ring $225
The 7x10mm kite-cut moss agate features one-of-a-kind natural patterns. The band draws inspiration from nature, adorned with emerald leaf motifs, embodying organic beauty and vitality.
Each of these designs allows you to customize the center stone—just let us know your idea! Can’t get enough? Explore more!
Related Reading: How to Buy an Engagement Ring on a $500 Budget?