So, you’re planning to put a ring on it? Congratulations on your next adventure! Now cue the search for the perfect engagement ring to steal their breath away.
If this is your first time buying an engagement ring, or any piece of expensive jewellery for that matter, it is helpful to start with a budget in mind. Not only does this help to focus your search, but it allows you to compare different ring styles and diamond cuts easily.
While you can find a ring at almost any price point, a budget of $10,000 for an engagement ring provides plenty of beautiful options to choose from.
The amount you want to spend on an engagement ring is a personal decision. Here at Diamondport, we can accommodate any budget for every love story.
As our research in Australia’s Biggest Engagement Ring Survey revealed, there is no simple answer when it comes to how much to spend on an engagement ring . While the average cost of an engagement ring from our survey respondents was $5,297.50, at Diamondport the average budget of our clients is about $9,800.
Forget the rules outlining how much you have to spend on your engagement ring (was it one month’s salary? two?). We’ve found that generally people buying a $10k engagement ring earn a household income in the bracket of $100,000 or above. But of course, this isn’t always the case – this is totally up to you and your priorities as a couple.
If you’re still working out your budget or starting to research what’s out there, it’s helpful to know what a $10,000 diamond engagement ring can look like.
For many, this price is seen as the tipping point between a great ring and one that truly stands out. Certainly, with a budget of $10,000 you have more options in terms of diamond quality, ring design and added elements. It’s important to know that a diamond engagement ring is made up of two components – the diamond and the setting. Generally, most of your budget will go towards the purchase of the diamond.
Common Diamond Sizes
When it comes to choosing a diamond, it’s all about considering the overall diamond quality. You may already be familiar with the four Cs: cut, colour, clarity and carat. Together, these determine the overall characteristics and size of a diamond. For an engagement ring under $10,000, you’ll probably be looking at a natural diamond up to 0.80 carats, but this also depends on the colour, clarity and cut of your chosen diamond. Another alternative is a lab-grown diamond which are just as beautiful at a lower price-point. Ask us about options in-store.
The below stones are an example of natural diamonds in the same price bracket and ranging in size, colour and clarity.
| Cut | Carat | Colour | Clarity | GIA Specifications | Indicative Price |
|---|---|---|---|---|---|
| RBC | 0.70ct | D | VS 2 | XXX Nil Fluro | $7,500 |
| RBC | 0.80ct | F | SI 1 | XXX Fluro | $7,800 |
You’ll have plenty of gorgeous setting styles to choose from with a $10,000 engagement ring budget. The most popular is the solitaire setting – this classic style makes a feature of a single round cut diamond. With this style, the majority of your budget will go towards securing an excellent quality diamond.
Another popular ring style is the halo setting. A central diamond is surrounded by a ring of
smaller diamonds, which adds extra sparkle and creates the illusion of a bigger ring. You can
read more about the Halo Diamond Ring setting here.
If you’re looking to buy a stunning engagement ring under $10,000, you could also explore fancy cut diamonds, such as a pear cut, oval cut or cushion cut. Because these cuts are less popular than a round-cut diamond, you can generally secure a larger carat for a similar price.
No matter your budget, you’ll be treated to the Diamondport 5-star experience. We source exceptional diamonds, so you can achieve the highest quality stone while being guided by expert service. Here at Diamondport, there’s no hard sell or confusing lingo – just straight up advice so you create a diamond ring you’ll both love, right here in Brisbane. Diamondport also offers a True Love Guarantee which ensures that if your partner doesn’t love the ring, we’ll remake it free of charge.
And you know it – we’ll be fist-pumping the air when we’ve heard they’ve said ‘yes’ with your beautiful Diamondport engagement ring.
Make an appointment with us today to start exploring your engagement ring options.
Address: Suite 402, Level 4,
180 Queen Street, Brisbane City, 4000
