Tips to Save on Your Engagement Ring
June 20th, 2025
Shopping for an engagement ring is a meaningful and exciting milestone, but it doesn’t need to break the bank. At Exclusively Diamonds in Mankato, we believe you can find a dazzling ring at a price that makes sense for your budget. Over the years, we’ve guided countless couples through this process with care, integrity, and a deep knowledge of the world of bridal jewelry. Our team is here to help you find a ring that reflects your love story without financial stress. The following suggestions will help you save smartly while still investing in an engagement ring you’ll be proud to wear forever.
Choose a Lab-Grown or Smaller Center Diamond
One of the best options to save money on engagement rings is to choose a smaller or lab-grown diamond. Lab-grown diamonds offer the same optical and chemical properties as mined diamonds but at a more accessible price point. Alternatively, opting for a slightly lesser carat weight will reduce the price with minimal visual difference, especially when paired with a halo setting. At Exclusively Diamonds, we offer a variety of stunning diamonds, both natural and lab-created, ensuring options for every taste and budget.
Opt for a Budget-Friendly Precious Metal
Your choice of metal can also significantly affect the overall price of your engagement ring. While platinum is luxurious and durable, it does come at a higher price. White gold offers a similar look for less, while still offering durability and timeless appeal. Yellow and rose gold are also beautiful alternatives with modest price tags. With the help of our team, you can browse a range of rings in a variety of metals to find the type that suits your personal aesthetic, works well with your skin tone, and aligns with your budget.
Explore Classic Solitaire and Halo Settings
Engagement ring settings can vary widely in cost. Classic styles such as solitaire settings are timeless and elegant, requiring less metal and fewer accent stones. Alternatively, halo settings create the illusion of a larger center diamond at a lower cost than a larger single gem. By surrounding a modest diamond with a circle of smaller stones, you can dramatically enhance its sparkle and visual impact without exceeding your budget.
Select Unique Diamond Shapes
Another helpful tip is about choosing the right diamond shape. For example, round brilliant diamonds are the most popular cut but are generally the most expensive per carat. Choosing a fancy-cut diamond or an elongated cut, such as an oval, pear, or marquise, can give you a larger-looking stone for a lower cost. These shapes provide excellent surface area and sparkle while standing out with distinctive charm. The diamond shape is one of the easiest ways to stretch your investment without compromising beauty.
Explore Designer Collections Within Reach
Many couples are surprised to learn that designer engagement rings come in a wide range of price points. Designers such as Martin Flyer create exquisitely crafted engagement rings that reflect exceptional artistry and quality while offering options for various budgets. We offer designer collections with our clients’ diverse needs in mind, ensuring every customer can find something remarkable and accessible.
Find an Incredible Engagement Ring at Exclusively Diamonds
At Exclusively Diamonds in Mankato, Minnesota, we offer everything you need to find the perfect and affordable engagement ring, from personalized assistance to custom designs and other in-house jewelry services. As an American Gem Society Member since 1980, we’ve been proudly serving our clients with outstanding customer service and one-of-a-kind offerings. Learn more about our financing options when you contact us. Let our family-owned business help you celebrate your love with an unforgettable engagement ring that balances elegance, quality, and value.