The selection of great cheap engagement rings on offer has increased in both size and quality in recent years, so no matter how small your budget is, don’t panic: you’ll still be able to find an affordable engagement ring that'll really wow your partner when you open up that box.
Forget everything you’ve been told about how much you should spend on an engagement ring (particularly that ubiquitous three month’s salary myth) it’s completely possible to find a beautiful band on a smaller budget.
28 Affordable & Cheap Engagement Rings That Look Totally Expensive
When it comes to buying cheap diamond rings, if you want to keep things traditional, then a small but dazzling diamond is within reach. Alternatively, there are lots of other precious and semi-precious stone alternatives that still give that classic look, as well as more accessible gemstone options that can add plenty of colour, sparkle and personality to the design.
From high street jewellers to more affordable engagement rings from high-end designer names, plus a plethora of independent designers on sites like Etsy and Not On The High Street, here’s our pick of the best cheap engagement rings from the UK to shop for this year, starting from just £36!
Now all you’ve got to do is figure out exactly how you want to propose…
- Cheap Engagement Rings Under £50
- Cheap Engagement Rings Under £100
- Cheap Engagement Rings Under £250
- Cheap Engagement Rings Under £500
- Cheap Engagement Rings Under £1,000
Cheap Engagement Rings Under £50
If you thought you couldn't find cheap engagement rings in the UK under £50, think again! Perfect as your special accessory or as a temporary proposal ring, these dainty styles will easily slot into your partner's current jewellery collection.
1. Oval Gold Moissanite Diamond Ring – £36, Etsy
Moissanite is another word for a simulated diamond, so be sure to include this in your search terms, too. You'll stumble across lots of lovely options like this elegant ring, which has a moissanite stone in a hammered three-carat gold band. See more moissanite engagement rings here.
Pros & Cons: The price of this cheap engagement ring is amazing - we're not quite over it. Reviews state to be mindful of shipping time - we recommend allowing at least a month before you plan on popping the question.
2. Classic Wishbone Ring – £45, Pandora
Is your other half a fan of Pandora? We don't blame them! They create affordable, yet stunning styles that work for all kinds of occasions - including a proposal. One review of this ring said, "It is the most delicate yet gorgeous ring. So sparkly and beautiful especially for the price." The fact that you can find an engagement ring under £50 that looks as gorgeous as this is blowing our minds.
Pros & Cons: A wishbone ring is an unique pick for an engagement ring and has a lovely meaning - it is said to bring good luck to those who wear it.
3. Opal Stone Ring – £49, Thomas Sabo
With a rose-coloured stone and sparkling zirconia, this open design from Thomas Sabo is a must-have for romantics looking for a cheap engagement ring under £50 that feels and looks high end. Arriving in an iconic Thomas Sabo striped black and white box, it's an elegant design that flows beautifully from one side of the ring to the other.
Pros & Cons: You can purchase the matching necklace and earrings to this ring - they would make a great anniversary gift for years to come. You can switch the centre stone to turquoise for a statement look.
Cheap Engagement Rings Under £100
Looking for cheap engagement rings under £100 in the UK? You're in luck as there are lots of lovely options. Our edit includes coloured stones, intricate designs and traditional styles.
4. Sterling Silver and Gold Vermeil Garnet Ring – £79, Vianne Jewellery
This captivating ring is made with natural garnet, a deep red gemstone, and sparkly simulated diamonds. It is handcrafted in solid sterling silver, or for a small additional fee you can choose 18K gold vermeil. Many consider garnet the 'stone of love', and it is often associated with passion - perfect for a proposal and it looks so impressive for a cheap engagement ring that's under £100.
Pros & Cons: Garnet is the birthstone of January so it's an ideal pick if that is your partner's birthday or you plan on popping the question then.
5. Oval Moissanite Cluster Flower Engagement Ring – from £95, Etsy
Floral engagement rings are a great option for lovers of sparkle thanks to their dazzling halos that give them plenty of shine. We also think they are one of the most romantic engagement ring design choices. This budget-friendly pick is sensational, overflowing with oval, baguette and round diamonds.
Pros & Cons: They offer free engraving on their rings for an extra special touch. We recommend getting a gorgeous engagement ring box like the one above to really set this ring off.
6. Attract Trilogy Ring – £95, Swarovski
A trilogy ring is a classic choice and we love this style from Swarovski. They are known for their beautiful crystal pieces so are a great option if you are looking for cheap diamond ring alternatives. The Attract ring takes radiance to the next level, with a trio of precision-cut clear crystals on a shining band.
Pros & Cons: The band on this engagement ring is on the thicker side so it'll be sturdy enough to be worn everyday, and the dazzling diamonds make it look far more expensive than it is. Looking at it, you'd never guess this engagement ring cost less than £100.
Cheap Engagement Rings Under £250
If you have an engagement ring budget of £250 or less, then take a look at these stunning designs which won't break the bank.
7. Quartz and Diamond Ring – from £173.14, Amazon
How stunning is this rose quartz ring surrounded by a halo of diamonds? The pretty pink stone gives a warm glow and suits the rose gold band beautifully. Rose gold caught your eye? You'll find even more rose gold engagement ring designs here.
Pros & Cons: You might initially be put off ordering your engagement ring from Amazon but we're here to tell you there are some lovely, high quality options on there for an affordable price. The reviews state that this ring was gorgeous when it arrived, and at that price, it's a cheap engagement ring worth every penny!
8. Solid Gold and Simulated Diamond Engagement Ring – from £210, Etsy
If you know your other half wants the look of a traditional diamond then you could consider a simulated diamond. It'll look just as gorgeous, without a hefty price tag. We adore this modern oval-shaped stone mounted onto a solid gold band. It reminds us of Kourtney Kardashian's oval engagement ring, and is a great option for anyone looking for cheap diamond rings.
Pros & Cons: Reviews state that it looks just like a real diamond - sparkling, delicate and high quality. It proves that cheap gold engagement rings can still look sensational. The simplicity of this design actually makes more of a statement.
9. Blue and White Sapphire Engagement Ring – £225, Amelia May
This blue and white sapphire ring from Amelia May is a brilliant option if you’re shopping for affordable engagement rings. An oval blue sapphire is nestled between two white sapphires and set on a nine-carat gold band – it's incredibly elegant and unique. Discover more sapphire engagement rings here.
Pros & Cons: The skinny band style means it'll fit perfectly next to a wedding ring. It's perfect for everyday wear due to its delicate dimensions.
10. Nine-Carat Yellow Gold Diamond Twist Eternity Ring – £249, H Samuel
Choosing a 9ct gold ring like this H Samuel offering instead of 18ct gold or platinum is a great way to save some money but still get a lovely ring - the quality is different but 9ct gold is still hard-wearing and will last a lifetime (just like your marriage!). We adore how unique this band is, and at under £250, it's a cheap gold engagement ring your love will adore!
Pros & Cons: This style looks a lot more expensive than it is. It is ideal if your partner loves quirky and original jewellery.
Cheap Engagement Rings Under £500
Anyone searching for engagement rings under £500 will love the offerings here. From subtle cheap diamond rings to centre stone alternatives, these budget-friendly options give you plenty of bang for your buck.
11. White Gold and Diamond Illusion Set Solitaire Ring – £299, H.Samuel
For a simple and elegant engagement ring under £500, this design from H.Samuel could be exactly what you're searching for. A dainty 9ct white gold band leads to a single solitaire diamond in a delicately designed four claw setting that really helps the diamond sparkle in the light.
Pros & Cons: If you are unsure of your partner's ring preferences, you can't go wrong with this classic cheap white gold engagement ring from the UK. It is sophisticated and chic.
12. Marquise Diamond Engagement Ring – £319.98, Etsy
We love the regal style of a marquise diamond and this elegant design also includes two small solitaire diamonds on either side. You can choose from a white gold, yellow gold or rose gold setting. Delicate, dainty and understated, it looks so pretty.
Pros & Cons: Reviews state that although it is a thin band, it doesn't feel flimsy at all. It is the perfect combination of being sparkly and subtle.
13. Naava Brilliant Solitaire Engagement Ring – from £324.95, Amazon
Keep things classic and traditional with a simple solitaire ring. The timeless design includes a certified diamond mounted onto a 9ct white gold polished band. It is undeniably an engagement ring so we're predicting your partner will gets lots of compliments, and such a classic style for under £500 is a rare find. Snap it up while you can.
Pros & Cons: This design is perfect for those who want to stick to tradition. It's a tried and tested style that is universally loved.
14. Vintage-Style Moissanite Engagement Ring – from £369.85, Etsy
You can instantly see the vintage inspiration behind this striking moissanite ring. The cluster halo design is so unique – we'd rank this very high on the wow factor stakes. It's an absolute bargain at less than £400 and can be made from rose, white, yellow gold or silver. We love the colour here, but imagine how good it would look as a white gold engagement ring - and for such a bargain price, too!
Pros & Cons: This spectacular ring certainly won't go unnoticed on your other half's finger. Be careful that the intricate design doesn't catch on any clothing.
15. Behrianna Gold Cocktail Ring – £390, Ana Verdun
We love this design from Ana Verdun. A stunning green stone sits in the gold acorn cup and is eye-catching without being overly showy, perfect for your partner if they want something unique. This is another design that will look glorious when stacked with other jewellery.
Pros & Cons: This isn't your typical cheap gold engagement ring, but that's what makes us love it! It is unique and will stand out from the crowd.
16. White Sapphire Gold Entwined Engagement Ring – £405, Alison Moore Designs
Practical but still incredibly pretty, this Alison Moore Designs ring uses a solid gold setting and a white sapphire. It features branches that will beautifully twist around the finger - ideal if you are planning an outdoor proposal. Everything is handmade in Alison's workshop in Orkney, which means each affordable engagement ring is a one of a kind.
Pros & Cons: You can have this ring beautifully gift wrapped so all you'll have to do is get down on one knee! Each ring is made to order so be confident on your sizing.
17. Oval Morganite Engagement Ring – £411.40, Etsy
Morganite is a beautiful alternative to a traditional diamond and it has a lovely peachy tone that gives a subtle glow. It's perfect for those looking for cheap engagement rings that look like diamond sparklers. This morganite ring from Brilliant Forever has an oval centre stone that is flanked by six tiny solitaire diamonds. It's a feminine and pretty pick.
Pros & Cons: Even when you take into account the additional delivery fee for this ring, it is still a brilliant price for the high quality you'll receive. As it is handmade in America, allow time for shipping.
18. Stone and Strand 10ct Gold Diamond Ring – £455, Net-A-Porter
If your fiancé-to-be really knows their stuff when it comes to fashion, don't overlook sites like Net-a-Porter for some hidden gems (pun intended!) like this ring. They'll love that it's such a chic twist on the typical engagement ring look, and the price makes it super affordable, too.
Pros & Cons: This affordable engagement ring is great for stacking, so you could build on the collection year by year. It only comes in gold but that makes for a classic and elegant look.
19. Opal Pear Engagement Ring – £468.75, Etsy
Opals – with their milky white pearlescent appearance – are the perfect unusual choice for a cheap engagement ring - although the look of this ring looks anything but! In this Etsy ring, a pear-shaped opal is surrounded by diamonds and sits on a 14ct white gold band. See the best opal engagement rings here.
Pros & Cons: Opal is the birthstone of October so it is a lovely choice if your partner was born then. The unusual gemstone is a unique twist on what you traditionally associate with engagement rings.
20. Rose Gold and White Sapphire Engagement Ring – from £482.05, Etsy
Here's a nifty insider tip when looking for cheap engagement rings in the UK: swapping a central diamond for a white sapphire will give you a similar look but with a much more affordable price tag. This rose gold and white sapphire engagement ring exemplifies just how gorgeous this money-saving hack can look.
Pros & Cons: You can choose from rose, white or yellow gold to get the look you want. There is also a gift-wrapping option.
Cheap Engagement Rings Under £1,000
Shifting the budget a little higher and looking for engagement rings under £1,000 mean a traditional diamond engagement ring is totally within your budget. Alternatively, stones such as sapphires, rubies and morganite with diamond accents would also be a gorgeous option.
21. White Gold and Sapphire Engagement Ring – £500, Caroline Brook
Need something even more outside of the (ring) box? Forgo the traditional polished band and solitaire diamond – this white gold rustic style ring is cast from a twig with a glistening blue sapphire as the centre stone. Nature loving couples, this one's for you.
Pros & Cons: Caroline Brook's designs are instantly recognisable. You can choose from several stones such as garnet, ruby and topaz but some will have an additional fee.
22. North Star Diamond Engagement Ring – £589, Chupi
The sentiment behind this solid gold signet ‘I’d be lost without you’ ring is so meaningful – the design is inspired by the North Star and is there to be your guiding light through life. Chupi designs are stunning and you'd never guess that this cheap engagement ring costs less than £600.
Sizing: J-P / Custom
Pros & Cons: You might have to explain the meaning behind this ring to your partner, but once you do, it'll be so sentimental. Our Editor, Zoe Burke, owns this ring and says: "It's such a delicate take on a signet ring, but is ideal for everyday wear as it's so durable. It's also perfect if your partner can't wear mounted stones on their jewellery at work, and makes for a pretty nice wedding ring too!"
23. Nine-Carat Gold and Amethyst Guinevere Ring – £655, Alison Moore Designs
For an affordable engagement ring that stands out from the crowd, this nine-carat gold and amethyst Guinevere ring from Alison Moore Designs is a beautiful choice. An elegant emerald-cut amethyst sits in a four-claw setting on a textured 9ct gold band - a dream come true for anyone who definitely doesn't want a ring that looks like everyone else's.
Pros & Cons: You can have this ring engraved with a personalised message for a romantic touch. Each affordable gold engagement ring is handmade so will be unique.
24. Brilliant Cut Diamond Solitaire Ring – £700, Goldsmiths
It’s hard to believe this gorgeous traditional style ring from Goldsmiths is just £700. A 2.5-carat solitaire diamond is held in a four claw setting on a polished 9ct gold band - it really ticks all of the 'great engagement ring' boxes and is an amazing engagement ring under £1,000.
Pros & Cons: The contrast between the gold band and white diamond is seriously stunning - it gives it warm feel and look.
25. Atelier VM Gold Principesca Diamond and Rose Tourmaline Ring – £725, Liberty London
If your soon-to-be spouse loves pink, dainty jewellery, then this might be the one. The style of this rose-coloured ring from Liberty London will give plenty of sparkle without blowing your budget. The rustic gold setting adds an edgy touch and for a cheap engagement ring, it's a true stunner.
Pros & Cons: It is only available in one size so you might have to factor in a jeweller to resize. The rose tourmaline and white diamond is a stunning combination.
26. Willow Moissanite and Diamond Pave Halo Ring – £750, Carrie Elizabeth Jewellery
Carrie Elizabeth Jewellery designs blow us away every time - they are an excellent, affordable price and are simply stunning. The Willow moissanite and diamond pave halo ring is set on 14K solid gold and is part of their 'Written in the Stars' collection. It's a precious heirloom that your partner will treasure forever.
Carrie Dennahy, founder of Carrie Elizabeth Jewellery says, "At Carrie Elizabeth we love to design affordable luxury for our customers. Alongside our 14K solid gold wedding collection we also make very meaningful jewellery in 9K solid gold, including stunning exclusive & unique stones, which are very popular with our customers."
Pros & Cons: It is designed in the UK by Carrie Dennehy and made by talented artisans in Jaipur, India. The solid gold should not discolour so will stand the test of time. How this engagement ring is under £1,000, we'll never know.
27. White Gold and Diamond Halo Engagement Ring – £900, Ernest Jones
If you’re buying an affordable engagement ring on a budget but you still want some serious bling then an illusion setting or halo setting are the most cost-efficient ways to make the ring appear bigger. This white gold and diamond ring from Ernest Jones features an illusion setting around the centre stone and a halo of diamonds – they'll be so excited to slip this beauty of an engagement ring onto their finger.
Pros & Cons: Halo engagement rings offer plenty of sparkle from all angles which is what makes them so popular. This affordable design has great reviews with customers saying they can't stop staring at it.
28. Uncut Grey Diamond Engagement Ring – £950, Caroline Brook
The translucent charm of grey diamonds is really starting to grow in popularity and it’s easy to see why when you look at this ring from Caroline Brook. A raw uncut grey diamond is encased with a four-prong claw setting of 18-carat white gold – the textures really play off each other for a magnificent finish.
Pros & Cons: This design of this affordable engagement ring is perfect for those who love the rustic and edgy look. It's not perfectly polished and that's what gives it a romantic charm.
Is a Cheap Engagement Ring Okay?
"It is 100% okay to spend up to £1,000 or less on an engagement ring," confirms Carrie Dennehy, founder of Carrie Elizabeth Jewellery.
"When it comes to cheap engagement rings, it's the symbol of commitment which matters the most, rather than the monetary value attached. There's no correct price bracket for purchasing an engagement ring; what truly matters is that it's right for your personal financial situation and resonates with the taste and style of its recipient.
"Remember, an engagement ring serves as a representation of your love story, not a reflection of your wallet."
How to Get a Cheap Engagement Ring?
First things first when buying an affordable engagement ring is to establish your budget - that way you can figure out how to get the best out of your buck.
"The key is to always have a budget in mind and the maximum amount you are willing to spend on your engagement ring," explains Carrie Elizabeth.
To keep costs down without compromising on style, look to smaller diamonds or alternative coloured engagement rings with precious and semi-precious stones.
Carrie says, "If a diamond isn't a must have, there are other beautiful and more affordable gemstones to consider, such as sapphires, moissanite, morganite or salt and pepper diamonds. Moissanite engagement rings are a great alternative to diamond since they are very close in appearance and durability, and have an even greater sparkle than the more traditional stone."
Consider switching up the metal type and carat weight of your band - some brands give you the option to do this so you can create a gorgeous engagement ring that fits within your budget.
"Choosing a slightly smaller carat weight can significantly reduce the cost without a noticeable difference in size. A unique setting can make a smaller stone appear larger and more striking. For example, a halo setting, which surrounds the centre stone with a circle of smaller diamonds, can add extra sparkle and create the illusion of a larger centre stone," Carrie suggests.
How Much is a Cheap Engagement Ring?
An engagement ring that is considered affordable tends to fall between £50-£1,000 but that is subject to the individual.
Is £300 Too Cheap For an Engagement Ring?
Absolutely not! As our edit showcases, you can buy an engagement ring for under £50 and still have a gorgeous piece. You could also consider buying a temporary proposal ring for when you pop the question and upgrading this in the future to a more expensive pick.
Is £1,000 Too Cheap For an Engagement Ring?
The most important thing to remember when buying an engagement ring is to put time and thought into choosing a ring your partner will love - regardless of how much it costs! With a budget of £1,000 you have a lot of scope for finding a stunning engagement ring. There are lots of options under £1,000 in our best engagement rings round-up - many of which you would never guess were so affordable.
If you are still looking for your dream engagement ring then take a look at our ultimate guide to buying an engagement ring