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Engagement Rings
Under 500 Dollars



Couples looking for engagement rings under 500 dollars can choose from affordable gemstone engagement rings, diamond simulants and rings made with small real diamonds. While exquisite and durable low priced engagement rings are available, shoppers will need to use caution to avoid buying poor quality rings that will not last.

Below you will find engagement rings to fit your budget in a variety of styles, plus shopping tips and precautions to help you on your search.

The most common types of bands for inexpensive engagement rings are sterling silver and stainless steel. Sterling silver will need special care to prevent scratching and dents, but with the right care a sterling silver engagement ring can last a lifetime. Stainless steel is extremely durable, but for now there is a limited selection of women’s engagement rings in stainless steel bands.

Diamond Simulant Engagement Rings Under 500 Dollars

Diamond simulant engagement rings available for under 500 dollars include cubic zirconia engagement rings and Diamond Nexus engagement rings.



While cubic zirconia is a strong diamond simulant, it is possible to scratch the stone and cubic zirconia will also absorb oils. Because of these characteristics, with time a cubic zirconia stone can become cloudy. To protect the stone, remove the engagement ring before applying any lotions or hair products – and to avoid scratches use special care with the stone. You can find out more about cubic zirconia at What is Cubic Zirconia? and Cubic Zirconia Wedding Sets.

Diamond Nexus Labs has three engagement rings just under 500 dollars: the Evening in Paris ring, the Nostalgia ring and the Simplicity ring. All rings are available in 14kt white gold – the Evening in Paris ring is $495, the Nostalgia ring is $499 and the Simplicity ring is $499. Diamond Nexus simulants are more durable than cubic zirconia simulants, and they come with a lifetime warranty.

Gemstone Engagement Rings Under 500 Dollars

Real gemstones that are durable and affordable are available in premium cuts for low prices – plus, gemstone engagement rings are almost just as popular as diamond engagement rings. The most affordable gemstones that are strong enough to hold up to a lifetime of wear include amethyst, aquamarine, blue topaz, citrine, garnet, periodot, morganite and quartz. To find out more about the qualities of these gemstones visit our Gemstone Engagement Ring page.


Alternatively, lab-created gemstone engagement rings - which have the same exact properties as their real natural counterparts - are available in a number of styles for under 500 dollars.



Real Diamond Engagement Rings Under 500 Dollars

Real diamond engagement rings under 500 dollars are made with small, but natural, diamonds. Even though these rings are made with smaller diamonds, it is still important to make sure the rings are from a boutique or jewelry artist that provides a certified report from a reputable laboratory (such as the GIA or the AGS) with the purchase of the ring.



Artisan Handmade Engagement Rings

It is possible to find artisan handmade engagement rings for under 500 dollars. Two places which offer beautiful handmade rings made with environmentally friendly metals include Turtle Love and Etsy. Turtle love has a few engagement rings in nested sterling silver styles made with pearls and white topaz. Etsy has tons of handmade rings available on their site, it just takes a little time to find ones available to suit your style and budget.

Shopping Tips and Precautions

Engagement ring shoppers on a budget need to use caution to make sure they are buying a quality product. As you shop for affordable engagement rings, keep these tips in mind:

If you buy rings made with cubic zirconia or gemstones, follow special care instructions to make sure the stones stay in top condition for years to come.

When buying inexpensive engagement rings in white gold, keep in mind that the rings will need to be plated with Rhodium from time to time to maintain the white appearance.

Always read the fine print of ring descriptions. I have seen many low priced engagement rings for sale on the Internet, and when I finally hunted down the information to see exactly what the ring bands were made from I found a lot of bands that were copper plated in rhodium. These types of bands are extremely cheap, and will end up costing you more in the long run (because the band will need to be replaced shortly after purchasing the ring) than sterling silver or stainless steel bands – plus, when the rhodium plating wears off the copper can cause a finger to turn green.

Sadly, many low priced engagement rings on the market are made with not so environmentally friendly materials. To make sure that your rings are made with the highest ethical and environmental standards in mind, always double check these policies with the jewelry boutique, retailer or artist you are purchasing the ring from.

Avoid tension set cubic zirconia rings. Cubic zirconia is not strong enough to hold a tension set ring, and in time the center stone may eventually crack or break.

If you have a known nickel or copper allergy, stick with sterling silver or stainless steel bands as rings made with gold alloys, like 14kt gold, can cause an allergic reaction.

Do you have questions or comments about engagement rings under 500 dollars?

Send us your questions and comments, or upload pics of your gorgeous affordable ring here!

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