How much does it cost to buy a normal diamond engagement ring?
The cost of a traditional (mined) diamond Engagement Ring varies widely depending on factors like the diamond’s size, cut, color, clarity, and the ring’s setting and metal. On average, a mined diamond engagement ring in the U.S. typically costs between $5,000 and $7,000. For higher-quality stones or designer settings, prices can easily rise to $10,000 or more.
Smaller, modest rings can start around $1,000, but anything with a 1-carat center stone or above—especially with high clarity and color—will generally cost significantly more. The brand, certification, and overall craftsmanship also influence the price.
This makes traditional diamond rings a significant investment. Many buyers today are turning to lab-grown diamonds as a more affordable alternative. Lab diamonds look identical to mined diamonds, offer the same durability, and can cost 30–70% less.
Jewelers like Vegan New York offer beautifully designed, ethical engagement rings using lab-grown diamonds—perfect for couples who want luxury, value, and sustainability in one.