So, you’re ready to pop the question? Or maybe you’ve both been talking about forever and want to start with the perfect ring. Either way — congratulations! This is such a special time, and honestly, it’s one you’ll remember forever.
But let’s be real. Rings are romantic… and expensive. And when you’re planning a future together, sticking to a budget makes total sense. The big question? How much does an engagement ring actually cost — especially here in Australia, and more specifically, in Adelaide?
At DDS Diamonds, we get asked this all the time. Couples walk in excited (and maybe a little overwhelmed), wondering if their dream ring is within reach. And the good news? It probably is!
In this guide, we’re breaking down the average cost of an engagement ring — by city, by style, and by what really matters when you’re buying a ring that represents your love story. Whether you’re eyeing a classic solitaire, a halo setting, or something completely unique, we’ve got you covered.
Let’s make sure you get the sparkle and stick to your budget — without any stress.
How Much Do Australians Spend on an Engagement Ring on Average?
Let’s talk numbers — because we know that’s probably one of the first things on your mind.
Right now, the average cost of an engagement ring in Australia sits around $5,000 to $6,000. But here’s the thing: that number doesn’t tell the whole story. Some couples spend less than $2,000. Others go above $10,000. And both are totally okay.
It really depends on what you’re looking for — the diamond size, the ring style, the metal, and of course, your budget. And in places like Adelaide, couples are often a little more budget-conscious than, say, in Sydney or Melbourne. That’s one of the great things about shopping local at places like DDS Diamonds — you get more value without the big-city markup.
We’ve seen so many couples walk in thinking they have to spend a certain amount. But the truth is, your ring should fit your love story — not some made-up rule about “three months’ salary.”
How Much Are Australians Spending on Engagement Rings in 2025?
Now that we’re in 2025, prices have shifted just a little — like everything else in life. But not by much.
Couples in Adelaide are expected to spend between $4,000 and $7,000 on their engagement rings. That sweet spot seems to cover a beautiful diamond, a solid gold band, and maybe even a custom touch or two. At DDS Diamonds, we’ve noticed a trend toward customization — couples want rings that feel personal and unique. And you can absolutely find something incredible that fits your budget.
What’s interesting is that more couples are choosing lab-grown diamonds now. They look exactly the same as natural ones, but they’re usually around 30% to 40% cheaper. So if you’re after size and sparkle without the big price tag, they’re worth looking into.
Also, keep in mind that Adelaide couples tend to be savvy. You’re not just buying a ring, you’re investing in something meaningful. And with a little help from local jewellers (hi, DDS Diamonds!), you can absolutely find something stunning that feels right for your heart and your wallet.
Average Price Of Engagement Rings By City
Now, let’s dive into the latest engagement ring trends that are capturing the hearts of couples like you, especially among the younger crowd in Australia.
| City | Average Price (AUD) | Trends (Stones & Ring Styles) |
| Sydney | $6,000 | Lab-grown diamonds, solitaire settings, and custom minimalist bands are hot right now. |
| Melbourne | $6,000 | Couples love vintage-style rings and colored stones like sapphires and morganite. |
| Brisbane | $5,300 | Halo settings and lab-created diamonds are in demand; rose gold is also super popular. |
| Perth | $5,300 | Nature-inspired designs and oval-cut stones (especially lab-grown) are trending. |
| Adelaide | $5,000–$7,000 (most common) | Timeless solitaire rings, oval and pear-cut lab diamonds, and locally handcrafted designs. |
Understanding the Numbers
These figures represent averages, so there’s flexibility depending on what you’re looking for. In Adelaide, for instance, the range is quite broad, reflecting the variety of choices available—from simple, elegant designs to more elaborate custom pieces.
Popular Engagement Ring Styles and Their Impact on Cost
Alright, let’s get into the fun stuff—styles! The shape, setting, and design you choose can really change how much you end up spending. Here’s a quick breakdown of the most popular styles and what they might mean for your budget:
Solitaire Rings
Timeless and elegant, solitaire rings feature a single diamond on a plain band. They’re all about simplicity and sparkle. Expect to spend around $4,000 to $6,000, depending on the diamond’s size and quality.
Halo Settings
These add extra dazzle, with small diamonds circling the centre stone to make it look bigger. They’re eye-catching and smart, usually priced between $5,000 and $7,000.
Three-Stone Designs
Romantic and full of meaning—past, present, and future all in one ring. These range from $5,500 to $8,000, depending on the stones you choose.
Vintage & Antique Styles
Full of character, with details like filigree and art deco designs. If you’re after something unique, these sit between $5,000 and $9,000+, especially for designer or true antique pieces.
Custom Designs
Want something totally “you”? Custom rings start from $6,000, but the final cost depends on design complexity and materials. It’s a beautiful way to create something truly personal without breaking the bank.
Factors That Influence Engagement Ring Prices
There’s more to a ring’s price tag than just the stone. A few key factors can cause the cost to go up—or help you save smartly.
The Four Cs: Cut, Color, Clarity & Carat
These are the big ones that determine diamond quality:
Cut – A well-cut diamond shines the brightest. It’s what makes it sparkle from across the room.
Colour – Diamonds come in shades from icy white to warm yellow. Less colour usually means a higher price.
Clarity – Tiny flaws (called inclusions) aren’t always visible, but fewer of them can bump up the price.
Carat – This is the weight of the diamond. The higher the carat, the bigger the stone—and the bigger the cost.
💡 Smart tip: Focus on the cut first for maximum sparkle. You can often go slightly lower on clarity or colour without anyone noticing
Choice of Metal
The metal band affects not just the style but also the price:
Platinum – Durable and hypoallergenic, but the most expensive option.
White Gold – Sleek and shiny, with a similar look to platinum at a lower cost.
Yellow Gold – Warm and timeless, making a strong comeback.
Rose Gold – Romantic, modern, and super popular right now.
💡Pro Tip: White gold offers the best value if you’re after a platinum look without the price tag.
Brand & Designer Name
Big-name jewellers often charge more just for the logo. That’s why custom local jewellers (like us here at DDS Diamonds in Adelaide) are such a great option. You get handcrafted quality without the brand markup.
Current Market Trends
When certain styles become popular—like oval cuts, lab-grown diamonds, or minimalist settings—prices can shift with demand. Right now, couples are loving:
Lab-grown diamonds (bigger stones for less)
Toi et Moi styles
Custom vintage-inspired pieces
Coloured stones like sapphires or champagne diamonds
Each trend has its own price range, but staying open-minded often leads to beautiful, budget-friendly surprises.
Expert Tips for Buying an Engagement Ring in Australia
buying an engagement ring is a big deal. Not just emotionally, but financially too. The good news? You don’t have to spend a fortune to find something meaningful and stunning. Here are some helpful tips to keep your heart and wallet happy.
Set a Realistic Budget
First things first—figure out what you’re comfortable spending. There’s no magic number. Some couples spend $3,000. Others go higher. What matters is that you both feel good about it.
We always tell couples at DDS Diamonds in Adelaide: set your budget, then work backwards. You’ll be surprised how far your money can go with the right jeweller.
Prioritise What Matters Most
Is size the most important thing to you? Or do you care more about the sparkle? Maybe you want a unique shape or a fancy setting?
Think about what really matters to you as a couple. For example:
If you want a bigger stone, you might compromise slightly on clarity.
If sparkle is your priority, you could go for a slightly smaller carat with a higher cut grade.
At the end of the day, it’s all about what makes you smile when you look at it.
Consider Alternative Gemstones
Diamonds are classic—but they’re not the only option.
Stones like moissanite, sapphires, and morganite are beautiful, unique, and often much more affordable. Plus, they come with their own personality and charm.
In fact, we’re seeing more and more Adelaide couples go for coloured stones that make their ring stand out.
Think About Lab-Grown vs. Natural Diamonds
This is a big one right now.
Lab-grown diamonds are real diamonds—they’re just made differently. They look the same, sparkle the same, and cost way less than natural diamonds.
If you want a bigger, better-looking ring without blowing your budget, lab-grown is worth a look. It’s also a popular choice among eco-conscious couples.
Choose a Trusted Jeweller
This might be the most important part.
You want someone who listens, gives honest advice, and knows their stuff. Always check for:
Certifications
Transparent pricing
Solid customer reviews
We’ve been helping Adelaide couples create their dream rings for years. Our focus? Quality, honesty, and making the process stress-free.
You’re not just buying a ring—you’re choosing a symbol of your forever. And that deserves a little thought and a lot of love.
At DDS Diamonds, we’re here to make sure you don’t just get a ring… you get the right ring, for the right price, with the right support. Let’s make it unforgettable.
FAQs
The average cost of an engagement ring in Australia is between $5,000 and $7,000 depending on style, carat, and design.
Spend what you're comfortable with — there's no rule. Focus on value, quality, and your partner's preferences rather than a set number
Custom rings can be more affordable or more expensive depending on the materials and design complexity. You also get more value for your budget.
There’s no fixed amount you need to spend on an engagement ring. A healthy budget in 2025 is between $3,000 to $6,000, but what matters most is choosing a ring that reflects your partner’s style and your personal budget.
