Can I Find A Diamond Engagement Ring For Less Than $3000?

Today’s challenge was:

Can I find a diamond engagement ring for less than $3000?

I wanted to find a good quality diamond without going for inferior and poorly cut diamonds. It had to be a nice “sparkler“.

For this I applied a wider filter which involved looking through diamonds with a slightly higher coloring, like a K.

It is advisable to have K diamonds placed in a yellow gold setting. More about this below.


Shape: Round
Carat Weight: 0.76
Cut: Hearts & Arrows Ideal
Color: K
Clarity: VS2
Certificate: AGS
(with Computer Generated Light Performance Map!)

Depth: 61.9%
Table: 58.2%
Polish: Ideal
Symmetry: Ideal
Culet: None
Fluorescence: Negligible
Measurements: 5.82 mm x 5.85 mm x 3.61 mm
Crown Angle: 35.6
Crown %:
Pavilion Angle: 40.7
Pavilion %:

This particular Heart and Arrows Ideal cut diamond would be ideal for anyone who would prefer a yellow gold ring setting. This is because the color of this diamond has been grade by AGS laboratory as being a 3.5 which in the more familiar GIA color grade is “K”.  Yes, it is a little farther down on the color scale. Which is why it is often suggested that diamonds of this color be set in yellow gold. The yellow color of the gold creates a contrast and makes the slight coloring of this diamond less noticeable. With such perfect symmetry and polish the diamond will have a very high “sparkle” (technically called fire and brilliance), also reducing the notice-ability of the slight coloring. The VS2 grade makes this diamond almost completely perfect in regards to inclusions. As you can see from the image no inclusions are visible. And the grading report (certificate) indicates where the inclusions are to be found, so you know where to look for them. You still can’t see them even if you are looking for them.

This diamond is a good size for an engagement ring. Anything over half a carat will do, though most people try to get as close to 1 carat as possible.


Looking at the Computer Generated Light Performance Map not only tells us that this diamond has the highest grade of light performance, but also confirms the incredible symmetry.

At $2,550.00 I can guarantee that this diamond is going to be very well liked once you have it in your hands.

You may click here if you would like to buy it:

Here’s what it would look like in a yellow gold ring setting.

The engagement ring in the video is made of 18 karat gold. This is quite pure gold, with 18 parts out of 24 being pure gold, and the rest other metals/alloys. Since pure gold is quite soft it might be prudent to get 14 karat gold which is not as soft as 18 k gold and will do a better job of holding the diamond in place.

Here is a link to a 14 karat gold setting:

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Bargain 0.70 ct Round Brilliant I Color SI1

Today’s search for the catch of the day went very fast. This diamond was one of the first I looked at and it looked very promising.

But I thought it too easy and kept searching. Well I am back to the one I started with. Here is what I was trying to accomplish. I figured I would look through the stones that have an SI1 clarity grade and see which ones look the best.

Here is one which I think fits this very well. It is from James Allen, who gives us the ability to view the diamonds they list at 18x magnification. This is the only reason we can go around looking at stones with an SI1 clarity grade. Otherwise the risk of ending up with a diamond which is not eye-clean would be rather high. All the diamond vendors I recommend do offer you the option of being able to return the stone if it doesn’t meet expectations.  With stones purchased from James Allen you get the the longest return period of anyone on my list of recommended places to buy diamonds. It’s a very generous 60 days.

Since we can actually get to view specific diamonds on their site, not just sample images, we can do a bit of bargain hunting.

What I mean by this is that we look for stones which have more inclusions according the grading report, but when looking at their magnified image we see that the inclusions are not obvious. You see, just because a diamond is graded SI1 doesn’t mean that the inclusions are all at the top of the stone where they would be visible. James Allen welcomes people calling them up and asking their expert staff to actually look at the diamond as well. They will be able to tell you if the diamond’s inclusions are visible to the naked eye. They are experts and will have seen so many diamonds that thy will know instantly if it is a good buy or not.

I definitely recommend this as a great idea, especially when bargain hunting like this and trying to find a diamond with a clarity of SI1 or SI2.

0.70 Carat I-SI1 Very Good Cut Round Diamond

I tell you what. After looking at the diamonds being sold at local mall jewelers for $9,500 with huge visible inclusions that make you want to scrub them with steel wool, this diamond at $2620 just seems like an incredible bargain with a tiny inclusion which would just barely be visible.