Ultimate Guide to Diamond Engagement Rings Under $2000

two thousand dollars diamond ring on hand how it looks like
engagement ring under 2000 pave design

My wife wearing an elegant princess cut engagement ring which only costs $2000!

You have decided that the next step in your journey as a couple is marriage. Congratulations! Now comes a trickier part of the operation – proposing – and, consequentially, choosing a fantastic ring without spending a fortune.

In this article, I want to showcase some of the most stunning diamond ring ideas that cost less than $2,000. Also, I will reveal the exact steps for choosing an engagement ring under $2000 and show you details of the beautiful diamond ring seen above.

7 Dazzling Diamond Engagement Rings Under $2000

Let’s be honest here.

A budget of two thousand dollars for a diamond ring isn’t exactly high but it’s still a decent price range to find something nice. While it is possible to find affordable options that are both beautiful and elegant, you shouldn’t harbor any unrealistic expectations like buying a 1 carat diamond ring with a 2k budget.

With that, let’s check out some of the most gorgeous rings that you can possibly buy with $2,000.

Tiffany Style Engagement Ring Under $2000

The evergreen Tiffany engagement ring design is one of the most cost efficient ways to save money while getting an elegant looking ring. Besides the lower price, the Tiffany design is also easy compatible with many styles of wedding bands.

In this example, an 18k setting is used in conjunction with a half carat round diamond.

tiffany engagement ring under 2000

Emerald Cut Engagement Rings Under $2000

A variation of the classic Tiffany design, this comfort-fit 4 prong solitaire ring houses an emerald cut diamond that creates an aura of elegance and sophistication at the same time.

half carat emerald cut engagement ring for less than 2000

Solitaire Princess Cut Engagement Rings Under 2000

For budget shoppers, solitaire rings will offer the best value for money and the cool thing is, there are design features that you can take advantage of. In this particular example, the knife edge design helps draw the viewer’s attention towards the center diamond.

princess cut engagement rings under 2000

Magnificent Vintage Engagement Rings Under 2000

This vintage style diamond ring features a clean outline of a trellis design and features a pavé halo encircling the center stone. It’s perfect for people looking for a vintage charm in their rings while being affordable.

0.50 carat oval cut vintage engagement ring under 2000 with halo

Grandiose Halo Engagement Rings For Less Than $2000

This majestic ring has a halo to accentuate the size of the center stone and a cathedral style mounting for a slightly higher elevation. The halo creates an effect that makes the center stone look larger than it is when seen from far.

0.40 carat round cut halo engagement ring in 14k gold under 2000

2 Thousand Dollar Engagement Ring in Trilogy Design

This romantic setting features 2 hand-selected marquise diamonds that flank the center stone. If you are looking for an affordable three-stone ring option, this is one that fits the bill (pun intended).

three stone diamond ring for less than 2k

Unique Engagement Ring Under 2000 Dollars

Using a series of carefully selected melee diamonds in ascending sizes, this scalloped 6 prong head assembly packs a punch in the sparkle factor. A perfect ring design that is suitable for a bold fashion statement.

unique engagement rings for less than 2k

If you are looking for more ideas for diamond rings that cost less than two thousand dollars, click here browse through a gallery of previously purchased rings at James Allen!

Guidelines to Buying a $2000 Engagement Ring

2 thousand dollar engagement ring princess cut diamond

Photograph of $2000 princess cut diamond ring taken in a park during the afternoon.

Here’s my proven strategy of shopping for an affordable $2000 engagement ring the smart way and logically. The first thing you want to do is to decide on the shape of the center stone (round, princess, cushion etc…) and the type of setting you want.

Depending on the choice of setting, you can immediately work out the balance of your budget for the center stone. For example, if you like a simple solitaire design that costs $350, it leaves you with $1650 for the center stone. If you choose a fancier setting like a pave setting that costs $700, it leaves you with $1300 for the center stone.

Once you decide on the setting, it immediately helps you narrow down your diamond choices and prevents you from shopping around aimlessly. The second thing you want to do is to choose a center diamond based on your preferences of the 4Cs.

Personally, I place the highest emphasis on cut quality as it directly affects the diamond’s sparkle and beauty. I would also recommend a G or H color diamond with eyeclean VS2 or SI1 clarity and simply get the largest carat size you can afford.

And that’s all there is to it. These two steps all are you need to shop for high quality engagement rings for less than $2000. You may also want to read this step by step guide here that holds you by your hand when selecting a diamond.

2K Diamond Ring Review – Close Up Video of Craftsmanship

Here’s a real life example of a ring I created at James Allen simply by applying the guidelines above. For detailed listing information, click on the images below…

14k white gold petite pave engagement ring

princess cut diamond loose 1000 dollars

The total cost of the completed diamond engagement ring comes up to be $2,010 (800 + 1,210). And mind you, I’m getting excellent craftsmanship on the ring as well as a diamond with top-notch performance for just two thousand dollars.

Here’s an upclose video review I made of the diamond ring’s sparkle and superb craftsmanship.



Let’s Wrap Things Up And Go Shopping

So, there you have it. I’ve shown you a range of beautiful diamond rings spanning across various styles and price points. Which one of them did you like the most? Did I miss something out? Let me know in the comments.

I’ve also revealed two important shopping tips for staying in a 2 thousand dollars budget. If you stick with the guidelines that were laid out, it should put you on track to saving hundreds of dollars.

And think of what you can purchase with the extra money! Perhaps, you might be able to add another day to the honeymoon or use it towards furnishing a new home.

Anyway, have fun during this process and take your time to research. You probably know your fiancé better than anyone and with some effort, I’m pretty sure you will find the perfect engagement ring of her dreams.

If you are looking for an affordable diamond engagement ring under $2000, I recommend checking out James Allen. With the outstanding craftsmanship and selection of ideal cut diamonds, they are the best place to get maximum value for your money.

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  1. Julie-
    October 2, 2012 at 10:19 pm

    I’ve been shopping around at Jared and Macy’s recently and saw a 1 ctw ring for sale under 2000. The sales person told me that they have a pre-Christmas sale going on and it looks like a good deal. I’ve looked at another website and also saw a similar ring but the price of the ring was slightly higher at $3,210. What do you think?

  2. Paul Gian-
    October 3, 2012 at 3:41 pm

    One of the most common mistakes that people make when shopping on a budget is to shop with a price filter and try to maximize the “carat weight” of the ring. If you do a quick search, many online stores would try to offer you seemingly good deals with 1ctw diamonds for only $1XXX. WOW! Isn’t that deal too good to pass up? You need to read between the lines and fine print in what is being presented to you.
    carat total weight rings

    Commonly advertised CTW rings

    So, what exactly are you getting? The ring comprises of many small individual (dirt cheap) diamonds that make up 1 carat total weight. The thing to take note is that these diamonds have grading ranges. What is the true color of them? What is the true clarity of the stones? As if having I1 clarity stones isn’t bad enough, the diamonds can range to an even worse I2 clarity. Mind you, this means you will see the inclusions with your naked eye without any magnification.

    Caveat Emptor. If you are considering such rings, the quality of the ring you are getting will always be questionable.

  3. Julie-
    October 4, 2012 at 1:34 pm

    Thanks for the explanation. I think I get your point and will heed your advice. Can you make a recommendation for me from BrianGavinDiamonds.com? I live in Houston and I could make an appointment at their showroom next week. I would prefer to stay around the 2k range and would like a sparkly round diamond with a simple setting.

  4. Paul Gian-
    October 4, 2012 at 10:23 pm

    Finding a great looking diamond ring within a lower budget is actually not that hard. The problem most people have is that they are unrealistic. I would recommend this fantastic looking stone and a sleek setting that won’t cost you more than $2,000.

    0.511 Carat I Color VS2 Hearts And Arrows Round Diamond

    ideal cut diamond under 1600
    Ideally cut diamond – $1,675 (via wire)

    Shape: Round Brilliant Table %: 54.7
    Grading Report: AGS Depth %: 61.5
    Carat: 0.511 Crown %: 15.6
    Color: I Crown Angle: 34.8
    Clarity: VS2 Star %: 54.0
    Measurements: 5.15 x 5.16 x 3.17 Pavilion Angle: 40.7
    Lab Cut Grade: Ideal Pavilion %:  42.9
    Light Performance: Ideal Culet: Pointed
    Polish: Ideal Fluorescence: Negligible
    Symmetry: Ideal Girdle: Thin – Medium

    To complete the ring, let’s check out details and pictures of the setting I would recommend. For a 0.511 carat sized diamond, I advice going for a 4-prong setting instead of a 6 prong setting in order to bring out the size and emphasis of the centre stone.

    sample solitaire setting

    Click this link to view more images of ring setting…

    At a very cost friendly price of $325, the 14k white gold ring setting is a simple and elegant solution for people shopping with a lower budget. The total cost of the ring brings you squarely to $2000 [$1,675 (diamond) + $325 (setting) = $2000]

    If that setting doesn’t fit your tastes, you may also want to check out this writeup on selecting the right design for different finger sizes and hand shapes for more ring ideas.

  5. Julie-
    October 6, 2012 at 11:01 pm

    Thanks for the help. I really love the recommendation. Can you explain the technical aspects of the diamond and what the images mean compared to the previous rings?

  6. Paul Gian-
    October 7, 2012 at 2:22 pm

    So here’s the thing. With Brian Gavin Diamonds, you get exactly what you are looking at. No second guesses. Nothing more, nothing less. In fact, what you will be getting is an eye clean ideal cut diamond that will sparkle like crazy. The thing I like about them is that they are not all fluff and marketing talk. They actually provide indepth details of their signature diamonds to consumers.

    Details on Diamond’s Light Performance

    angular spectrum image for ideal cut diamond

    Green – Indirect Light
    Red – Direct Light
    Blue – Contrast
    Black – Leakage

    From the ASET images, we see a nice diamond with tons of reds that indicates optimal light return. The blue arrows also indicate a good contrasting pattern in the stone.

    idealscope for signature diamond

    Idealscope image shows optimal performance with minimal light leakage

    hearts patterning of round diamond

    Crisp hearts patterning

    From the symmetrical Hearts And Arrows patterning, we can see that this diamond had been cut to a very high level precision and exhibits very good craftsmanship from the diamond cutter.

  7. Rolando-
    March 23, 2016 at 10:01 pm

    I am a student and only have a little money to afford for my fiancee’s ring. Is a 2000 dollar engagement ring cheap or considered too little?

  8. Paul Gian-
    March 27, 2016 at 1:08 am

    Well, it all depends on perspective. When you choose to keep your costs for jewelry low, you are being smart about where and how you spend your money, and you are able to show your fiancé you care by being savvy and disciplined.

    I don’t think you should be too conscious about the price of the ring but rather, it’s the thought that counts. A $2000 engagement ring budget should enable you to pick out something that is meaningful, while still being conscious of the costs of a wedding, and a marriage afterward!

    You should also check out this article for engagement ring ideas on a budget. Hopefully, it can help generate some ideas and steer you in the right direction.

  9. George-
    June 1, 2018 at 2:51 am

    Thank you for the insightful article. I absolutely love the ideas and beautiful photographs. I’m looking for a 1 carat diamond ring under 2000 dollars as that’s all I can afford at the moment. Can you help me find one on James Allen?

  10. Paul Gian-
    June 2, 2018 at 6:26 am

    Well, I will be brutally honest here, expecting to buy a 1 carat diamond ring for less than two thousand dollars is being completely unrealistic. Even if you choose the simplest type of setting in 14k white gold, that would cost you around $300 and this leaves $1700 for the diamond.

    That is an impossible budget to work with even if you lower your standards and dig at the bottom of the barrel for garbage quality diamonds. I advice you to go review your expectations. If you are willing to go down in size to half carat, it would be doable as you had probably seen in the examples above.

    A half carat ring would be feasible in your case. A one carat diamond for under two thousand dollars is a pipe dream.

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