What to Do if You Can’t Afford An Engagement Ring

 In Advice, Engagement Ring

It’s that special time in your life when you have decided to marry the person that you love. The first step is to buy the perfect engagement ring. But if you’ve never been engagement shopping before, then you might be in for a big surprise. Engagement rings are expensive. It’s fair to say that most first-time engagement ring shoppers ask themselves “What do I do if I can’t afford an engagement ring?” This has probably crossed every soon-to-propose individual who has only just witnessed the value of diamond jewellery. But don’t feel too overwhelmed. Here are some helpful tips on what you can do if you can’t afford an engagement ring. 

What to Do if You Can’t Afford An Engagement Ring

If you’re concerned that you can’t afford an engagement ring, you’re not alone. It’s a common problem that many first-time buyers struggle with simply because they are not aware of the many different ways that you can work around your budget, and still buy that perfect diamond engagement ring. 

Shop Online

If you didn’t know already, buying engagement rings online is far more affordable than shopping at the mall. There are far more budget-friendly options available on the internet as you have specific jewellery shops that are exclusively online, which cater specifically to offering jewellery at affordable prices. At Brillianteers.com for example, you can shop according to your budget. Find engagement rings for $1000, $2000, and $4000. You’ll find the best choices of jewellery for your budget when you shop at online jewellery stores. You can also consider buying online from a Dubai engagement rings business because the prices are lower in Dubai due to low VAT and import duties.

Find a Shop That Offers Financing Plans

If you can’t afford to pay for the full payment of your engagement ring but have a specific ring you want to buy for the love of your life, then you can always find a shop that offers financing plans. If a one-time payment is too harsh for you, then the opportunity to pay this off within a space of 3, 6, or even 12 months, will make it a lot easier for you. You don’t have to worry about taking out your entire life saving for the perfect ring. Choose a payment plan with little to no interest.

Alternatively, you can look into having a short term loan over 3, 6 or 12 months from a reputable lender and spread the cost even further.

Take Your Time Shopping

Don’t rush the shopping process. If you’re too quick to choose a ring, you won’t be able to find the best engagement ring with the best value for money. You wouldn’t want to make the mistake of settling for a rushed buy, and finding out that you can get the same design for a more affordable price, from another shop. Take your time shopping. If you can’t afford an engagement ring, you’ll want to get the best price that you possibly can. The only way to know that you are buying the most budget-friendly option is by doing your research and browsing through many different online stores before deciding on a ring. The more time you spend researching, the better chances you have to get a ring for the price you want. 

Consider Moissanite Stones

Moissanite stones are known to look almost identical to diamonds from the perspective of an untrained eye. An engagement ring with a big diamond is expensive. A ring with a 2 Carat Diamond on it can cost more than $5000. But one with a 2 Carat Moissanite stone will only cost less than $2000. If you want that beautiful ring with a big stone, but can’t afford the price of a big diamond, choose a moissanite ring. It looks just as beautiful as a diamond ring. But it isn’t at all as expensive as one.

Choose From Cluster Design Diamond Rings

You don’t always have to go for that one big rock on an engagement ring. You also have the option of cluster design diamond rings that are far more affordable. These rings are designed with smaller diamonds placed close together, in clusters, to create beautiful shapes, or mimic the shape of a bigger diamond. You can have a ring with the illusion of a big rock, without the actual price of a multiple Carat diamond. 

Shop For Other Precious Stones

A diamond is not the only stone that can be on an engagement ring. You can choose a more unique look by shopping for other precious stones that are just as beautiful as a diamond. You can choose anything from sapphire, emerald, ruby, or pearl. There is a great selection of precious gemstones that can work beautifully on an engagement ring. And you don’t have to worry about whether or not you can afford an engagement ring.

Don’t Be Afraid to Go For a Small Diamond

The idea that an engagement ring needs a big stone, is not always a preference many women have. In fact, it’s very possible that your partner would love a minimal, more discrete diamond ring. Don’t be afraid to go for a small diamond. You can always buy a bigger ring later on. But for now, a small diamond looks just as good as a big one. And it’ll be one that you can afford. Go for a round cut diamond as this always looks bigger than it actually is. It is the diamond cut that has the most surfaces to reflect light, therefore it shines the most from all angles.


You might feel like you can’t afford an engagement ring, but this is a misconception you don’t actually need to worry about. These helpful tips can guide you towards your options for more affordable ways to buy that perfect engagement ring. You can choose different stones. You can choose different shopping methods. You even have the option of buying with a payment plan. Get that perfect ring, for the perfect price, with these helpful tips.

image 1 by ilari petrucci photography / all other images via pexels

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