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How Much to Spend on Your Perfect Engagement Ring

Updated: Jan 29



Embarking on the journey to find the perfect engagement ring is an exciting adventure, and one of the first crucial decisions is figuring out your budget. Questions in your mind right now might include, "How much do diamond rings cost?" or "Are diamond rings expensive?" Here, we'll guide you through every step, ensuring you make an informed and heartfelt choice.


Understanding Your Partner's Style: The First Step

Identifying Aesthetics: Before diving into the financial aspects, take time to understand your partner's style. Whether they lean towards minimalistic, modern designs, or have a penchant for ornate, intricate details, this knowledge is the foundation of your search.


Research and Exploration: If your partner hasn't explicitly shared their ring preferences, it's time for a bit of detective work. Check out their Instagram or Pinterest for any saved jewelry images. Alternatively, consider subtle conversations or even window shopping together to get a sense of what appeals to them.


Estimating Ring Costs: Turning Dreams into Numbers

Understanding Components: Now that you have a vision of the dream ring, let's break down the costs. A ring's price is mainly influenced by three factors: the center stone, the setting, and any side or accent stones. Read our section below on "Breaking Down Costs" to better understand how each component of the ring impacts price.


Researching Online: Start your journey by browsing reputable online jewellers to get a sense of costs for rings with similar specifications. This preliminary research helps you set a realistic budget.


Consulting with Jewellers: Take the initiative to visit local jewellers or schedule online consultations. Share your partner's preferences and gather quotes based on the information you've collected. A trustworthy jeweller will guide you through the process and provide valuable insights.


Setting Your Comfort Zone: Balancing Emotions and Finances

Determining Your Budget: Deciding on a budget is a deeply personal matter. Consider your financial situation, existing debts, and future commitments. Engage in open conversations with your partner if the ring isn't meant to be a surprise, ensuring both of you are on the same page.


Considerations Beyond Price: While budgeting is crucial, it's equally important to understand the broader financial picture. Assess factors like potential income growth, job stability, and any upcoming significant purchases (e.g. a house or car).


Breaking Down Costs: Components of Your Dream Ring

Understanding the Composition: Let's see how each component affects the price of your ring:


  1. The Center Stone:

    1. Key Cost Factor: The center stone usually commands the lion's share of the budget, making up about 85% of the total cost for a 1-carat solitaire ring.

    2. Illustrative Example: For instance, an ideal cut 1.23 carat K colour VVS1 clarity round natural diamond might cost around SG$9,500.

  2. The Setting:

    1. Defining Style: The setting, comprising the metal framework that cradles the center stone, contributes to the ring's overall aesthetic. A halo style ring with a row of small, round pavé diamonds surrounding the center stone and along the band for example, might allocate about 70% of the cost to the center stone and 30% to the setting.

    2. Sample Cost Breakdown: Taking our 1-carat halo ring example, the setting using D to F colour VVS/VS clarity diamonds could cost around SG$4,500.


Exploring Alternatives: While traditional white diamonds are a classic choice, exploring alternative gemstones opens up a world of possibilities. For instance, choosing a vibrant sapphire as the center stone can not only result in a unique and personalised ring but may also offer cost advantages.


Tips on Lowering the Cost: Crafting a Realistic Vision

Navigating the Center Stone: If your dream ring slightly exceeds the budget, consider these practical tips:

  • Slight Size Adjustment: Opt for a center stone just under a weight class, e.g. choosing a 0.90 carat round brilliant diamond instead of a 1.00 carat.

  • Carat & Cut Combo: Choose a diamond shape with a larger face, such as a round brilliant shape, which looks the largest among diamond shapes due to weight distribution.

  • Colour Consideration: Be open to a lower diamond colour grade.

  • Shape Strategy: Choose a shape that is more forgiving on diamond quality to the naked eye. For instance, an emerald shape diamond has a “step cut” with less facets than a round brilliant. This allows inclusions in the stone to be seen with the naked eye much easier than a stone with a round brilliant (many facets) cut. You can choose a round brilliant with a larger carat size and a lower clarity because that clarity will lower the price without being too obvious.

  • Exploring Alternatives: Beyond diamonds, there's a myriad of gemstones to choose from, each with its unique charm and budget range.


Savings on the Setting: Explore avenues to lower costs in the setting without compromising on elegance:

  • Simplify the Design: Intricate details like milgrain and pavé add to the cost. Simplifying the design can result in substantial savings.

  • Accent Stone Reduction: A setting with fewer accent stones can significantly impact the final price.


In summary, understanding the breakdown of your dream ring's costs empowers you to make informed decisions. Balancing your partner's desires with financial considerations is key to a joyous and stress-free ring selection journey.


Embark on Your Unique Ring Journey with H. Sena

Empowering Your Ring Selection: Our commitment to authenticity, craftsmanship, and personalised service sets us apart.


  1. Dazzling Diamonds and Enchanting Coloured Gemstones: Elevate your ring with our exquisite, natural diamonds (white, yellow, pink diamonds) and untreated coloured gemstones (Burmese/Sri Lankan sapphires, Burmese Rubies, Colombian emeralds), expertly sourced and curated.

  2. Custom Craftsmanship: Tailor your dream ring with our bespoke services. Our Singapore-based craftsmen transforms ideas into one-of-a-kind handmade masterpieces, ensuring your love story shines through.

  3. Transparent Value: Enjoy the confidence of transparent pricing. Benefit from our direct relationships with suppliers, bypassing unnecessary mark-ups and securing fair pricing for your cherished piece.


Ready to Begin? Connect with H. Sena Today! Let our team guide you through the process. Your dream ring awaits – an embodiment of love, crafted with passion at H. Sena.

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