How Much Should You Spend on an Engagement Ring? A Real Guide From Your Jeweller

24 November 2025 • 4 min read

Let’s Talk Budget Honestly

This is the question everyone asks. And it’s totally fair. You’re about to buy one of the most meaningful pieces of jewellery in your life so of course you want to get it right.

So How Much Should You Spend on an Engagement Ring?

The truth is there’s no perfect number. That whole three months’ salary thing is outdated. What really matters is finding something beautiful that fits your budget and reflects your love story.

Let’s break it down together just like I would if you were sitting with me in the store.

Start With Your Budget And Be Honest About It

Before we start picking out diamonds or looking at ring styles let’s talk budget. Having a ballpark figure in mind is actually super helpful. It doesn’t have to be exact but it helps me or your jeweller guide you in the right direction. No pressure. No judgment. Whether it’s $3,000 or $13,000 there’s something beautiful in every range. My advice is always this. Let’s work with what’s comfortable. This should feel good not stressful.

What Can You Get for $3,000?

If you’ve got around $3,000 to spend you’re in a great place. You can get a gorgeous 1-carat lab-grown diamond set in 18ct gold. It’s simple timeless and seriously sparkles. Lab-grown diamonds are fantastic because they look just like natural ones. They’re real diamonds but created in a lab. Same look same feel more budget friendly.

Got $5,000 to $7,000? Let’s Talk Options

In this range you have more flexibility with size shape and design. You can go for a bigger lab-grown diamond add shoulder diamonds or customise the setting a little more. It’s a sweet spot if you want that wow factor without going overboard.

What If You’re Working With $10,000 or More?

Now we’re entering natural diamond territory. If your budget is over $10,000 I often recommend switching from lab-grown to natural. Not because natural is better but because at this level natural diamonds start to make more sense for long-term value. They’re rare they hold their value well and they have a deep connection to the Earth. Plus when ethically sourced you’re supporting communities where diamonds help fund education and infrastructure.

Lab-Grown or Natural? What’s the Right Choice for You?

Both are stunning. Both are real diamonds. The right choice depends on your budget and what matters to you. Lab-grown is perfect if you want something big and beautiful on a tighter budget. Natural is a great option if you’re spending a bit more and looking for that rarity and investment over time. If you’re under $10k lab-grown makes a lot of sense. Over $10k I’d suggest having a proper chat about natural.

Let’s Talk Personal Touches The Custom Side of Things

This is where it gets personal. And honestly this is my favourite part. We get to create something that really tells your story. A twist band to symbolise your paths coming together. A hidden birthstone inside the ring. An engraved message only the two of you understand. At Ernesto Buono we don’t just make rings. We create pieces that hold meaning.

Drop In Call Us or Send a Message We’re Here for You

If you’re ready to start or even just want to ask a few questions come and see us. We’ll walk you through everything show you real diamonds and make it easy to understand. You can visit us in-store browse online or follow us on Instagram to see what other couples have created. There’s no pressure just friendly help and honest advice.

Final Thoughts It’s Not About the Price Tag

It’s easy to get caught up in what others are doing but your engagement ring should reflect your love not a rule or trend. Whether it’s $3,000 or $30,000 lab-grown or natural simple or elaborate it should feel right to you. That’s what makes it perfect.

FAQs

Q: Is there a rule for how much to spend?
A: Not at all. Spend what feels right for you. No rules just what works for your life and relationship.

Q: Can I get a beautiful ring for $3,000?
A: Absolutely. A 1-carat lab-grown diamond in 18ct gold is a great choice and looks incredible.

Q: Is natural better than lab-grown?
A: Not better just different. Natural holds value well. Lab-grown gives you more for your budget.

Q: Are lab-grown diamonds sustainable?
A: They’re not mined which is great but they do use energy. It’s about choosing what you value most.

Q: Can I customise the ring?
A: Yes completely. From hidden stones to personal engravings we’ll help you create something truly yours.