11 Best Engagement Rings For Under $1,000 (2023)

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by Suzanne Sachs  5 min read



With wedding costs on the rise and the average cost of an engagement ring in the United States ranging from $3,000 to $10,000 or higher depending on where in the country it may be purchased, what does a budget-friendly $1,000 engagement ring look like? A smaller budget does not have to mean a lower quality, forgettable ring, and there are many gorgeous engagement ring options available for $1,000 or less.


In this guide, we will explain the following:

  • Why You May Want To Spend Less On An Engagement Ring?
  • Best Options For a $1000 Engagement Ring
  • Diamond or Gemstone
  • Metal
  • Stone Size
  • Stone Shape
  • Color
  • Clarity
  • Cut
  • Ring Style
  • Ring Condition
  • Looking Beyond Price

Why You May Want To Spend Less On An Engagement Ring?

There are many reasons why a couple may need or want a smaller budget for an engagement ring. A budget is very personal, and how much you feel comfortable spending will ultimately depend on your savings, income, job security, and other bills. Some couples prefer to set money aside to save for a house, pay off educational expenses, or start their families, while others may simply not be comfortable with any extravagantly expensive piece of jewelry, particularly if there is a risk that it could be stolen, lost, or damaged.

There is no perfect right or wrong price tag for an engagement ring, and even with a budget of just $1,000, there are stunning rings that can beautifully represent a loving, romantic, committed relationship.


Best Options For a $1,000 Engagement Ring

A tighter budget does not necessarily mean fewer options for a stunning engagement ring, but couples will have to be flexible with what characteristics of the ring they value the most and where they want to focus their budget. With a $1,000 budget, consider…



While you can get any type of gemstone, including a classic diamond, within even a small budget vintage gemstones can be more affordable. Another budget- friendly option is to use an heirloom stone from a family ring and have it reset instead of purchasing a completely new stone.



Gold is the most popular metal for engagement rings, and is easily attainable even at lower price points. Silver is another option but can be less durable, while mixed metal rings or eye-catching options like rose gold can be distinctive and beautiful as well as affordable.



 Stone Size

A $1,000 engagement ring will typically have a smaller, more petite center stone as its focal point, particularly if the ring design features multiple stones. Alternatively, a couple could opt for a simple ring but concentrate their budget into a single larger, more dramatic stone without any accents or side stones.

 Stone Shape

Elongated diamond shapes will appear larger without adding more carat weight to the ring. Marquise, emerald, pear, and oval shapes are great values, and the classic round brilliant cut is always available at any price point. Avoid trademarked stone shapes, however, which tend to be much more expensive.


• Color

With a lower budget, couples may want to consider diamonds that have some hint of color instead of rarer, much more expensive colorless diamonds. Fortunately, diamonds that are just a shade or two away from colorless can be much more affordable, even though the color difference is difficult to discern with the naked eye.



• Clarity 

Diamonds and gemstones that have some visible flaws, imperfections, and inclusions are much more affordable than unflawed stones. Instead of looking at flaws as problems, consider them as part of the stone’s personality and character and embrace their value to the ring’s uniqueness as well as their better financial value.



Stones with “ideal” proportions for their shape often fetch higher prices than those that may be cut a bit more uniquely. For example, longer, narrower marquise, oval, emerald, or pear shapes are often much less expensive than perfectly proportioned stones, and add even more interest and character to a budget-friendly ring.


 Ring Style 

Less expensive engagement rings will typically have fewer accents, particularly extra diamonds or gems. Instead, a $1,000 engagement ring may feature more metalwork and filigree details that can be beautifully distinctive without driving up the price.

 Ring Condition 

If you’re shopping for an antique or vintage engagement ring, a $1,000 ring may show more wear than higher priced options. Some fine detailing may be worn off or the ring might need some minor repairs, which should be factored into the overall budget.


Looking Beyond Price

Ultimately, a $1,000 engagement ring is worth far more than just its price tag. Even less expensive rings can have outstanding character and layers of meaning. Vintage rings showcase generations of history, and personal symbolism can be present in every part of a ring, from its band to the setting to the stone, no matter what its price. An engagement ring is just the beginning of a couple’s love story, and even small beginnings can lead to phenomenal happy endings.



No matter which era is your favorite, these time-honored rings have a rich history and individualized character and will continue to have a timeless beauty and elegant appeal that is part of a legacy to pass on to future generations.


Antique diamond rings are prized not only for their beauty but also for their exquisite attention to detailing and design. If you’re looking for a ring with a sense of glamour, sophistication and vintage charm, explore our collection of vintage engagement rings today!



Suzanne has always believed vintage rings can change lives. She's been in the jewelry industry for over 35 years, working with vintage jewelers, diamond dealers, diamond cutters, and gemologists. Suzanne started Artdecodiamonds in 2000 and understood the demand for vintage rings throughout the world. She ultimately started VintageDiamondRing.com in 2014, and understands each vintage ring is a reflection of you – your history, your relationships, your style, your elegance and is honored to have the opportunity to help you showcase your flair in a unique and exquisite way.

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