How much of an engagement rings cost is the diamond by itself?
Usually, the diamond is about 75% or higher of the total cost of the engagement ring. However, this depends on two things (of course!): the cost of your diamond and the cost of your setting (duh, right?). Setting prices range from about $400 to $2,500 (they can be higher, but most are within this range). The diamond is where most of the variability comes into play. You can get a .3 carat diamond for $1,000, or you can get a 3 carat diamond for $50,000. As you can see, this is a much bigger range. If you match a $1,000 diamond with a $2,500 setting, the diamond will be about 29% of the total for the ring. This is the absolute low end – who puts a $1,000 diamond with a $2,000+ setting? However, the diamond is almost always the most expensive part of the ring. Since you’re on a budget, I would try to shoot for the diamond being somewhere between 50% and 75% of the total cost of the ring. Hope this helps!
