Engagement Rings Under $500

There's a traditional saying that you should spend three months' salary on an engagement ring, but that's nothing more than a saying. Because there are so many ways to adjust the price of the ring with your choice of metal, stone size, stone quality, and setting, it's easy to find a beautiful engagement ring on any budget.

There are many factors that go into determining the final cost of an engagement ring, including the material of the setting, the cost of the center stone, and whether additional diamonds are present. The carat, cut, color, and clarity of the stone itself play the biggest roles in the overall cost of an engagement ring.

Get that same white-shine look for an engagement ring without the price tag of platinum by opting for white gold instead.

Copper alloy is added to yellow gold to create rose gold, and it also strengthens the gold, making it a more durable, tarnish-free option than a yellow gold engagement ring. An engagement ring is a lifelong investment, but it needs to fit within your budget. Check out this guide on how to determine your ring budget and the financing options available.