HOW MUCH SHOULD AN ENGAGEMENT RING COST

GUIDE TO HOW MUCH AN ENGAGEMENT RING COSTS

Determining how much to spend on an engagement ring depends on several key elements that contribute to its overall cost. The center stone—typically a diamond—has the greatest impact on price, with factors like carat weight, cut, colour, and clarity influencing its value. Metal type also plays a role, as platinum and 18k gold generally cost more than 14k gold. Other factors, like the intricacy of the setting design, as well as the presence of accent stones, can also raise the final price. At Frank Adams Jewelers in New York, we help clients navigate the process with transparency and expertise so they can choose the ring that suits their budget and their vision. Our team has put together this quick guide to help determine a budget for your engagement ring, making your shopping experience a breeze.

CHOOSE A PRECIOUS METAL

The type of metal your ring is forged from plays a significant role in its overall cost. Gold is available in both 14k and 18k varieties at our store, with 18k containing a higher percentage of pure gold, offering a richer hue, greater durability, and increased value. The color options, like white, yellow, and rose gold, allow couples to match their personal preferences or skin tone. White gold offers a minimalist, modern look, while yellow gold provides classic warmth, and rose gold is characterized by a romantic blush tone. Platinum, though more expensive, is cherished for its strength and naturally white sheen that won’t fade over time, making it a popular choice for those seeking durability and timeless beauty.

DECIDE ON A RING SETTING

Engagement ring settings can also incur different costs. Solitaire settings, with their clean simplicity, tend to be more affordable and highlight the center stone. For those looking for plenty of brilliance without paying for a large center stone, halo settings, characterized by a center gem surrounded in a halo of smaller stones, add plenty of sparkle and allow the center stone to appear larger. Side stone designs incorporate diamonds along the band, boosting shimmer and value. Lastly, symbolic three stone rings feature a central gem flanked by two others, representing past, present, and future, often coming at a higher price because of the additional stones.

PICK OUT THE CENTER STONE

When picking out a center stone, the shape, quality, and size all play a role in determining the final cost of the engagement ring. Classic round diamonds are typically the most expensive due to their high demand and brilliance, while princess, radiant, and oval cuts offer more affordable alternatives. For those drawn to unconventional pieces, you can also consider emerald and pear shapes that vary in price depending on cut precision and rarity. The carat weight directly affects the price, as do clarity and color grades, which measure visual purity and tint. Choosing the right combination ensures beauty and value while balancing budget and aesthetic preference.

CONSIDER DESIGNER RINGS

Engagement rings by major brands will often come at a higher price point than their lesser-known counterparts, which is important to account for in your budget. For example, Jack Kelege designs often feature halo settings, split shanks, mixed metals, and side stones, which add intricate detail and can significantly increase the price. Meanwhile, Mark Patterson is known for minimalist solitaire rings with bezel settings, offering elegant simplicity. Martin Flyer presents classic designs using platinum and gold, often with round halos, blending tradition with luxury. Finally, Sylvie provides dramatic options featuring twisted bands, milgrain details, and vintage-inspired aesthetics, appealing to those seeking unique statement pieces. Deciding on a designer whose rings you are drawn to can help to solidify your budget before you begin shopping.

SHOP FOR ENGAGEMENT RINGS AT FRANK ADAMS JEWELERS

Our selection of designer rings at Frank Adams Jewelers in Albany, New York, offers a diverse range of engagement ring styles for almost any budget. Our vast selection includes a wide range of designer rings featuring halo, solitaire, side stone, and three stone settings crafted in platinum and gold. We understand that choosing the right ring is a meaningful experience, and our team will gladly guide you through the options that suit your needs and preferences. Serving Albany and nearby communities like Schenectady and Troy, we’re committed to delivering high-quality services, like jewelry and watch repairs, and exceptional value in every ring we offer. Contact us today for more information.