Dracakis Jewellers

The Ultimate Guide to Diamond Engagement Rings | By Theo Dracakis

The Ultimate Guide to Diamond Engagement Rings | By Theo Dracakis | Dracakis Jewellers

Have you found the perfect partner?

Is it time to find the perfect engagement ring?

For more than 20 years, my family & the team at Dracakis have been committed to creating beautiful diamond engagement rings that last a lifetime.

If you’re in the market for an engagement ring – first of all, CONGRATULATIONS.

My team & I have built the guide below will take you through some important considerations when buying a diamond engagement ring, to make the process as simple, and enjoyable, as possible.

Where do I start?

Whether you're looking to surprise your partner or take the journey of custom making your engagement ring as a couple - getting to know some existing design terms that describe our most popular styles can help you understand your preferences and decide on where to start.

The Classic Solitaire

As the name suggests, these pieces feature a single, traditionally round brilliant cut diamond, set in your choice of claw or bezel, to enhance the shape & sparkle of your chosen diamond. A solitaire design can be created using any shape of diamond - some popular options include Princess Cut or Oval Cut Diamonds. You can browse our collection of solitaire engagement rings here.

Diamond Bands

Rings that feature diamonds on the sides of the ring, or the shoulders, most commonly have settings that run along the band on either side of a central diamond. There are many creative ways you can set a diamond band - our most popular styles include fine claw set round brilliant cut diamonds, or a delicate pave settings for maximum sparkle!

The most precious expressions of diamond bands include rare Australian Pink Diamonds, on their own, or mixed with brilliant white diamonds. If this sounds like you style, you can explore our collection of engagement rings with a diamond band here.

Diamond Halo

A halo is a term that is used to describe smaller diamonds, or coloured gemstones, that surround a central diamond of any shape, or size. Traditionally, this technique is used to create the illusion of a larger centre diamond, but more recently, it's use to emphasize the shape & sparkle of your chosen diamond. Halo diamond engagement rings look beautiful with, or without a diamond set band. You can find our collection of beautiful diamond halo engagement rings here.


These traditionally design feature three stones - usually one larger diamond in the centre with a smaller diamond either side, however they often are depicted with three diamonds of a similar size. Symbolising the past, the present & the future, these romantic designs can be created with any shape of diamond. Our most popular styles feature round brilliant cut diamonds, but you can find other beautiful combinations here.

Thinking About Custom Design?

We specialise in handcrafted, custom designed diamond engagement rings, which means, anything is possible! With endless options for customisation, you can bring the ring of your dreams to life, referring to our extensive design archives & decades long experience, you are free to create a piece that truly reflects your unique style & personality.

Time To Think About Diamonds?

The quality & overall beauty of your centre stone, most often, a diamond, will ultimately determine the beauty of your engagement ring. Finding the perfect stone does require a level of research & education, as when it comes to diamonds, there is a lot to understand!

This next section will help you navigate the popular 4C’s of diamond grading, and understand what is being presented to you, so you are able to shop with absolute confidence.

The 4C’s

When you start looking at diamonds, you will no doubt be shown the 4C’s method of diamond grading – developed by the GIA – or Gemmological Institute of America – as a simple method of describing the characteristics of a diamond.

Those characteristics are Colour, Clarity, Cut & Carat Weight.


A white diamonds colour is graded on a scale from D to Z. With D being the whitest, referred to as ‘colourless’ and Z being a deeper colour yellow. The untrained eye can start to notice variations in a diamonds colour from around the K grade. When it comes to diamond engagement rings, the less colour, the rarer & more valuable the diamond becomes.

Importantly, an engagement rings setting, and the metal used, can impact how a centre diamonds colour presents – which is why white metals like eighteen carat white gold & platinum are most popular for setting white diamonds.

At Dracakis, our expect gemmologists source beautiful colourless & near-colourless diamonds for our engagement ring collection, and specialise in sourcing diamonds of fancy colour, like natural Australian Pink Diamonds, Yellow Diamonds & more.


Similar to the colour of a diamond, a diamonds clarity is affected by its natural chemical composition – with diamonds graded from FL (Flawless) to I3 (Included).

When we talk about a diamonds clarity, it is made up of two important factors.

Inclusions – which are internal characteristics that affect its clarity,

Blemishes – which are external characteristics that affect its clarity.

The appearance of inclusions plays an important part in defining a diamonds clarity, and impact it’s overall beauty, but it is important to note, that inclusions & blemishes are most often only visible under magnification – so to the naked eye, appear clear.

The grades of clarity according to the GIA are;

FL Flawless

IF Internally Flawless

VVS1 & VVS2 Very Very Slightly Included

VS1 & VS2 Very Slightly Included

SI1 & SI2 Slightly Included

I1, I2 & I3 Included


It is commonly though that ‘cut’ refers to the shape of a diamond – however this is an incorrect assumption, as the cut, is possibly the most important factor impacting a diamond engagement rings beauty. A well cut diamond maximises the light transmitted by the stone, with its symmetry, proportions & polish each having their own impact.

The cut of a diamond can be graded as Excellent, Very Good, Good, Fair or Poor.

Carat Weight

Probably the most well known & most talked about characteristics of a diamond, is carat weight. A carat is the measurement of weight which is applied to diamonds, with one carat equal to 200mg in weight. Each carat is divided into 100 points to provide an extremely accurate measurement of weight from 0.01 to 1.00ct.

Generally speaking, large diamonds with high carat weights are more valuable – however, its important to consider the individual characteristics of each diamond together, to accurately asses a diamonds value.

Now you’ve got the basics covered you’re ready to take the next steps in creating your piece! You can click here to book a consultation with myself, my brothers, or our design team in Mosman, Brookvale or Castle Hill, and discover why we're one of Sydney's most awarded & well respected jewellers.