How Much Do Engagement Rings Cost?

Few moments carry as much meaning as choosing a ring to propose with, but the cost can be a big unknown. If you've wondered, “How much do engagement rings cost?”—you’re not alone. Our team at The Wedding Ring Shop offers clarity through a helpful guide that breaks down the key factors influencing engagement ring prices, such as cut, carat weight, metal choice, and design complexity. Our diverse and carefully curated inventory features a wide range of stunning rings, giving you the freedom to find something meaningful that aligns with your finances and personal style.

Center Stone Quality

The quality of the center stone is one of the most significant factors in determining an engagement ring’s price. Diamonds are evaluated based on the 4 Cs—cut, color, clarity, and carat weight. Even small differences in these characteristics can lead to noticeable shifts in cost. For example, a well-cut diamond will reflect more light and appear more brilliant, often costing more than a larger stone with a poor cut. It’s all about finding the right balance for your budget. You may also want to consider a non-diamond center stone like a sapphire, ruby, emerald, or moissanite, as these gems come at a lower cost but are also very durable and offer something distinct from the traditional diamond.

Metal Type

The type of metal you choose for the band also plays a big role in an engagement ring’s cost. Platinum is typically the most expensive due to its strength and rarity, while gold comes in various hues—white, yellow, and rose—offering flexibility in both style and price. Even within gold, options like 14k and 18k can vary in cost. The metal not only affects the ring’s look and feel, but also its durability and long-term value.

Ring Setting

From simple solitaires to more elaborate designs with halos, pavé diamonds, or vintage-inspired details, the setting of your ring also plays into its cost. A clean, minimal setting is usually more budget-friendly, while ornate designs with lots of extra stones or custom work will add to the overall price. The setting also enhances the center stone and contributes to the ring’s overall aesthetic.

Brand or Designer

Choosing a ring from a recognized designer or brand can significantly affect engagement ring prices. At The Wedding Ring Shop, we’re proud to carry top designers like TACORI, A.JAFFE, Michael M, and Hearts On Fire—each known for distinctive craftsmanship and signature details. Designer rings often include higher-end materials, more intricate settings, and a reputation that adds to their value. While these options may cost more, many couples see it as an investment in quality and artistry.

Certification and Craftsmanship

The quality of a ring’s craftsmanship and the certification of the diamond or gemstone are also major engagement ring cost factors. Stones certified by reputable labs like GIA or AGS come with detailed grading reports and peace of mind regarding authenticity and quality. Meanwhile, rings made with attention to detail—whether hand-set stones or custom finishes—will typically demand higher prices. The Wedding Ring Shop ensures our rings meet strict standards, so you can feel confident that what you’re buying is both beautiful and built to last.

Buy Beautiful Engagement Rings at the Wedding Ring Shop

At The Wedding Ring Shop, we’re proud to offer an incredible selection of engagement rings and loose diamonds to suit every style and budget. Our Honolulu jewelry store is known for providing “Hawaii’s Most Beautiful Diamonds,” and our staff is here to help you find the perfect ring at the right price. Whether you’re searching for a custom design, need expert repair services, or are browsing everything from men’s wedding bands to stunning emerald cut rings, we’ve got you covered. Request an appointment today for a personalized consultation with one of our knowledgeable team members and learn more about the factors that go into the price of an engagement ring.