Without Compromising on Quality
3 Most Affordable Solitaire Engagement Rings
3 Most Affordable Timeless Engagement Rings
3 Most Affordable Halo Engagement Rings
3 Most Affordable Three-Stone Engagement Rings
3 Most Affordable Modern Engagement Rings
So... before you go auctioning off your childhood collectibles to help pay for a stunning $21,250 square halo engagement ring, consider these tips for choosing cheap high quality engagement rings guaranteed to dazzle for less than three months’ salary.
Decide on a Budget
Giving yourself a limit helps narrow your search and ensures your partner won’t march you back into the Melbourne jeweller to demand a refund for a $22,000 ring that looks more like a shiny house deposit.
Shop Affordable Diamond Shapes
Fancy diamond shapes like Emerald, Princess, Asscher and Radiant Cuts produce more affordable engagement rings due the volume of stone retained in the cutting and polishing process. They also feature in some of the most recognisable celebrity engagement rings of all time, so rest assured fancy shapes are no subpar alternative!
The Halo’s Secret Super Power
Minimise the Metal
Choose a Coloured Gemstone Centre
Make Use of Afterpay & ZipMoney
If you’re struggling to find cheap engagement rings of an excellent quality under $2,000 that make your heart and purse strings sing, interest-free buy now, pay later plans are an excellent option for making premium-priced rings more accessible.
At SH Jewellery, engagement rings under $2,000 are available with Afterpay - subscribe to our newsletter in the footer of this page to ensure you don’t miss out on seasonal promotions that bring some of our higher priced engagement rings into the Afterpay bracket.
For all engagement rings over $2,000, SH offers an interest-free buy now, pay later ZipMoney plan with repayments starting from just $40 a month. You can change the frequency of your payments to weekly, fortnightly or monthly, as long as you pay the minimum amount outlined in your contract.
Exploring flexible payment plans can bring higher priced engagement rings with heavier carats within reach, allowing you to propose now with your dream ring and pay it off slowly in convenient interest-free installments.
Don’t Compromise on Quality
If you discover cheap engagement rings that seem too good to be true, this is likely the case. Invest only in a GIA-certified diamond with laser-inscribed serial number to ensure what you’re buying is in fact a real diamond graded by the GIA.
At SH Jewellery, all our diamonds are consistently 3-4 grades higher than industry standards and 7-8 grades higher than most chain retailers. While our prices are reflective of this quality, we will happily honour our price-match guarantee in the unlikely event you find an identical design of comparable diamond quality advertised at a lower price.
Top 3 Solitaire Engagement Rings
Top 3 Most Affordable Timeless Engagement Rings
Top 3 Most Affordable Halo Engagement Rings
Top 3 Most Affordable Three-Stone Engagement Rings
Top 3 Most Affordable Modern Engagement Rings
Top 3 Most Affordable Gemstone Engagement Rings
We’re Here to Help
If you need help finding inexpensive engagement ring options or cheap wedding bands, our non-commissioned Diamond & Jewellery Specialists are here to help. Visit our Springvale jewellery store just 30 minutes from Melbourne’s CBD, or shop online with free delivery & 30-day returns.
We also offer complimentary phone consultations to guide you through a budget-sensitive selection process and present you with your options - affordable 18kt gold engagement rings with GIA-certified diamonds in exclusive designs you simply won’t find anywhere else.