An engagement ring is more than just a piece of jewellery; it is a symbol of love and commitment. With so many choices, you may not know how much to invest. If you have ever wondered how much to spend on an engagement ring, here is a rundown that will help you understand the pricing, create a budget, and find the perfect ring to pop the question.
How Much Should an Engagement Ring Cost in 2025?
The prices of engagement rings in Australia vary mainly by the quality of the diamond, the type of metal used, and other custom-made specifications. In 2025, the prices of an average engagement ring range from $5,000 to $15,000. Many couples spend more or less depending on budget allowance and personal preference.
A number of factors contribute to the price of an engagement ring:
- Diamond demand and supply: Natural diamonds are still in demand, yet lab-created diamonds and other alternative stones have become more feasible and inexpensive.
- Inflation and economic trends: Global price inflation affects the prices of gold, platinum, and diamonds.
- Custom vs. ready-made: The price for a custom ring is usually higher due to the custom design process.
At DDS Diamond Design Studios, we have engagement rings to suit all budgets without compromising on quality. Whether you are after a classic diamond solitaire or a custom-designed masterpiece, our Adelaide showroom has something special for you.
How Much Does an Engagement Ring Cost in Adelaide, Australia?
If you’re shopping for a diamond engagement ring in Adelaide, Australia, you might be wondering what the normal cost of an engagement ring is. While prices vary based on quality and design, the average engagement ring price in Australia falls between $5,000 and $15,000. However, the average cost of an engagement ring in Australia depends on factors like the diamond’s cut, colour, clarity, and carat weight.
For those looking for engagement rings in Adelaide, SA, there are plenty of options, from classic solitaire diamonds to custom-made designs. At DDS Diamonds, we offer an exclusive selection of handcrafted engagement rings to suit every budget and style. Whether you’re searching for a custom engagement ring or a ready-made piece, we ensure every ring is crafted to perfection.
How Much Do Australians Spend on an Engagement Ring on Average?
Australians spend about $5,300 for an engagement ring, though the amount varies depending on location and lifestyle. In major cities like Sydney and Melbourne, couples can pay more, but in Adelaide and Perth, the spending is usually a little bit lower.
Here’s a rough breakdown of what Australians typically spend:
- Budget-conscious buyers: $3,000 – $6,000
- Mid-range buyers: $6,000 – $10,000
- Luxury buyers: $10,000+
It’s very important to pick a ring that suits your budget and not because of a trend. At DDS Diamonds, we assist a couple in finding an ideal engagement ring within their budget. We offer expert guidance and flexible financing options.
How Much Did Australians Spend on an Engagement Ring in 2024?
In 2024, spending on an engagement ring in Australia increased slightly, with the majority of couples spending between $5,000 and $12,000 on a beautiful ring. The popularity of lab-grown diamonds and different settings allowed for great-looking rings at more affordable prices.
At DDS Diamonds, we noticed a growing trend of custom-designed rings, where couples wanted personalized elements like engraved messages, unique diamond shapes, and coloured gemstones. This trend is expected to continue in 2025, making custom rings a great option for those seeking a one-of-a-kind design.
Factors That Determine Engagement Ring Cost
The price of an engagement ring is primarily influenced by the 4Cs of diamonds:
1. Cut
The cut also reflects how much light a diamond emits. Well-cut diamonds usually appear brighter and more brilliant than other cuts. Round brilliant cut diamonds are ranked among the more expensive ones; however, ovals, cushions, and princess cuts are also quite affordable.
2. Colour
Diamonds are graded from D (colourless) to Z (light yellow/brown). The less colour a diamond has, the rarer and more expensive it is. However, near-colourless diamonds fall within the grades G-H-I and offer an excellent balance between quality and price.
3. Clarity
Clarity refers to the number of natural imperfections (inclusions) in a diamond. Choosing a VS1 or VS2 clarity diamond provides an excellent look without the premium price of a flawless stone.
4. Carat Weight
A 1-carat diamond may cost between $6,000 to $15,000, depending on the other 3Cs. So if you are on a budget and want a bigger-looking ring, then a halo setting or elongated cuts like oval or emerald will be your best bet.
Cons of Lab-Grown Diamonds
Most couples find lab-grown diamonds to be more budget-friendly and ethical, too. But though they boast brilliant clarity and brilliance, here are some cons of lab-grown diamonds:
- Resale Value: Lab-created stones have very low resale value compared to natural diamonds.
- Rarity: A natural diamond is unique and rare; a lab-grown one is created under controlled conditions.
- Long-term Perception: With lab-created diamonds becoming increasingly available, their perceived exclusivity will, over time, diminish.
At DDS Diamonds, we source only natural diamonds responsibly to ensure your engagement ring never goes out of style and maintains its value over time.
How Much to Spend on an Engagement Ring?
How much to spend on an engagement ring is the big question. The old “three-month salary rule” is no longer set in stone. Today, the average cost of an engagement ring should be in line with your budget and lifestyle. Still thinking about how much to spend on an engagement ring? Then you might want to consider what’s most important: size, quality, or uniqueness.
Why Choose DDS Diamonds for Your Engagement Ring in Adelaide?
At DDS Diamonds, we offer:
✅ Expert craftsmanship – Every ring is crafted with perfection
✅ Custom designs – If you have a vision, we’ll make it a reality.
✅ Ethically sourced diamonds – Conflict-free and high-quality diamond sourcing.
✅ Personalized shopping experience – We walk you through the process.
Visit the DDS Diamond Design Studios Adelaide showroom to explore our exquisite collection and find the perfect ring for your love story.
FAQs
Q: How much should you spend on an engagement ring?
A: There’s no fixed rule. Spend what feels right based on your budget and preferences.
Q: What is a 1-carat diamond worth?
A: A 1-carat diamond in Australia can cost between $6,000 and $15,000, depending on quality.
Q: What is the cost of a gemstone engagement ring?
A: Gemstone engagement rings vary widely in price. A sapphire or emerald ring can range from $2,000 to $10,000, depending on the stone and setting.
Q: Which hand is the engagement ring worn?
A: An engagement ring is traditionally worn on the left hand’s ring finger in Australia. After marriage, some people move the engagement ring to the right hand or wear it together with the wedding band on the left hand.
