How to budget for a lab diamond engagement ring

Budgeting for a lab made diamond engagement ring can seem daunting, but with a little planning and research, you can find a ring that fits your budget and still makes your partner feel loved and valued.

Here are some tips for budgeting for an engagement ring:

  1. Set a budget: Before you start shopping for an engagement ring, it’s important to set a budget. Determine how much you can comfortably spend without putting a strain on your finances. Remember, an engagement ring is a symbol of your love and commitment, so it’s not about how much you spend but the sentiment behind the ring.
  2. Do your research: Once you have a budget in mind, start researching different types of rings and their price ranges. You can look online or visit a few jewellery stores to get an idea of what you can get for your budget.
  3. Consider alternative options: There are alternative options to traditional diamond engagement rings that can be just as beautiful and meaningful. Consider a gemstone like a sapphire or a moissanite, which can be less expensive than diamonds. Lab-grown diamonds can also be a more affordable option.
  4. Prioritise the 4 Cs: If you do decide to go