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Cost-Effective Courtship: Our Favourite Engagement Rings Under $5000

10 Feb 2023
Cost-Effective Courtship: Our Favourite Engagement Rings Under $5000 - Dracakis Jewellers

There's a lot to consider when choosing the perfect engagement ring, between selecting from the sheer number of options, gemstone cuts, to ring designs and finding a ring to match your cost expectations. For many, it can be overwhelming.

Even if you're shopping under a budget, hundreds of rings still exist to choose from. It limits your options, but only by a little. This is why we recommend doing a bit of research before visiting the jewellers. Knowing what you want can make it easier to narrow down your choices and avoid making panicked decisions in the heat of the moment.

At Dracakis, we believe love should be simple and if you're in the market for gorgeous, glamorous, and budget-friendly engagement rings (read; $5000 or less), these are our top recommendations.

Solitaire Engagement Rings

Solitaire engagement rings are timeless, elegant, and reasonably priced. In addition, a single diamond or gem (hence the name) set on a clean band keeps the overall aesthetic of this style simple and minimalist, thereby reducing the cost.

The tasteful, uncluttered design also allows you to choose a larger gem of higher quality than a gem on a more elaborate setting for the same price. And if you're opting for a customised piece, the lack of extra fluff and frills lessens the preparation time.

A true testament to classic, ageless, and unconditional love, solitaire engagement rings appear minimalist but speak volumes.

Pear Shaped Engagement Rings

Immortalise tears of joy by opting for a pear shaped engagement ring. This cost-effective cut can make a lasting impression with its unique, pointed oval design. It beautifully blends elegant symmetry with modern, contemporary silhouettes, creating a wearable art piece that symbolises the beauty of love.

Since pear shaped gems can visually present as larger than other shapes and cuts, you can stay within your spending limit without sacrificing size. Play around with different colours and metals to see which combinations truly spark joy.

Halo Engagement Rings

The perfect combination of beauty, uniqueness, and visual impact, halo engagement rings are surprisingly much more affordable than you'd expect. Its name comes from a halo of smaller diamonds (or other gems) clustered around one bigger diamond, designed in such a way as to make the centre gemstone stand out.

The surrounding diamonds don't amp up the ring's price as much as one would think since they're quite small. Plus, their size and placement make the central diamond look much bigger than it really is. This means you can opt for a relatively smaller-than-normal gemstone that stays within your budget without making the smaller size too obvious.

It's the halo engagement ring's intricacy and artistry that makes it look so much more luxurious and expensive than it is.

Elongated Stones

A top tip for getting the most out of your investment when it comes to engagement rings is to choose an elongated diamond cut. Aside from their length making them look effortlessly sophisticated and elegant, their size also makes them look bigger than diamonds of the same carat but of a different cut. A classic round 2-carat diamond can look smaller than a 2-carat diamond in a marquise or pear cut. This is because diamonds with elongated cuts have more surface area on their top from where they're viewed.

So if you want to get your beloved something big and sparkly but don't want to break the bank, an elongated diamond or gemstone is a fantastic choice.

Coloured Gemstone

Finally, coloured gemstones like topaz, sapphire, opal, and turquoise can look just as breathtaking as diamond engagement rings. They're also considerably more cost-effective than diamonds, giving you more cut-and-carat choices within your budget. Their distinct colour and shine also allow you to personalise your choice to your intended personality and style.

If this is just the start of your proposal journey, make a booking for a consultation with one of our expert jewellers, who'll help guide you on everything you need to create the perfect setting.

Find out more and book a consultation here.

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