16 Diamond Engagement Rings Under 5k

Beautiful yet affordable? Find diamond engagement rings that are proof you can have it all without cutting off an arm and a leg.

Whether you’re a traditional bride or a nontraditional bride, there are plenty of diamond engagement rings out there to choose from. Maybe you want a unique engagement ring, with multiple colors or a vintage-inspired design. From colorful center stones and modern-inspired designs to vintage metal and rose gold, we’ve got latest and greatest on trending rings for every soon to be bride. 

Although a simple solitaire engagement ring is one of the more traditional choices, here at Diamonds by Raymond Lee we believe that our collections take things to the next level. No matter what you’re looking for in a wedding band or an engagement ring, we’ve got you covered. Today we want to share with you 16 of our most popular engagement ring styles for under 5k.

No matter what style you’re looking for, the following rings are proof that it’s not only possible to find a beautiful engagement ring on a budget, but that your dream ring won’t cost you a year’s worth of salary. We’ll leave the expensive rings for Kim Kardashian and let you decide the price you’re willing to pay.

1. White Gold Victorian Cushion Halo by Gabriel & Co.

This glamorous Cushion Halo Engagement Ring Setting from Gabriel & Co. is the perfect combination of glamorous & glitz. Featuring a gorgeous center halo diamond this white gold victorian-style engagement ring has also approximately 0.42 ctw of accent diamonds. It’s ornate and vintage with its detailing and can fit any round shape diamond of your choice. Shop more engagement rings from Gabriel & Co.

Gabriel & Co. White Gold Victorian Cushion Halo Setting, Cost: $2,025.00

2. Diamond Engagement Rings by Henri Daussi

A stunning 18k white gold engagement ring from Henri Daussi. This diamond engagement ring was crafted to complete perfection. Featuring 0.70 ct pave set diamond accents throughout the piece and a halo diamond that surrounds the 0.42 ct cushion cut center stone. Shop more engagement rings from Henri Daussi.

Henri Daussi AMDS 0.42 ct Diamond Engagement Ring, Cost: $4,686.00

3. Diamond Solitaire Engagement Rings from Tacori

This is one of our more traditional bands. Featuring a brilliant round of 0.22 ctw accent diamonds that dazzle along the ring setting and a round cut diamond in the center (it would also look good with a princess cut diamond.) This solitaire engagement ring from Tacori is ideal for someone looking for a traditional ring.//diamondsbyraymondlee.com/category/tacori-engagement-rings/?orderby=priceShop more traditional Tacori rings here.

Tacori Classic Crescent Diamond Solitaire Engagement Ring Setting, Cost: $2,850.00–$3,750.00

4. Verragio INSIGNIA Diamond Engagement Rings

Verragio’s INSIGNIA engagement ring setting is beautiful and soft with its handcrafted 0.35 ctw diamond accents. The ring features pave set diamonds along the shank, as well as diamond accents that were handcrafted into the Verragio scroll just beneath the center stone. The diamonds flow together nicely to create a simple and contemporary look. Like this style? Shop more rings from Verragio.

Verragio INSIGNIA 0.35 ctw Diamond Engagement Ring Setting, Cost: $3,450.00–$4,650.00

5. Tacori Dantela Mini Pave Halo Engagement Rings

This mini pave halo halo engagement ring from Tacori is Petite and sweet. It’s 18k white gold but is also available for special order in 18k yellow, rose gold, and platinum. With the radiantly shaped diamond surrounded by a halo of pavé-set diamonds on this antique-style ring it screams modern day chic. Think of it as the princess diaries meets 2018. Want to see more from this collection? Shop more Tacori engagement rings.

Tacori Dantela Mini Pave Halo Engagement Ring Setting. Cost: $2,840.00

6. Gabriel & Co. 14k Two Tone Victorian ByPass Engagement Rings

Polished in its appearance, this Gabriel & Co. ByPass Diamond Engagement Ring is a graceful and romantic ring. This two in one ring Setting features a Victorian-inspired style along with both 14k White Gold and Pink Gold. It also has a pave set diamond bypass shank that leaves perfect room for any round shape, princess shape, cushion shape, or asscher shape center diamond stone. Consider customizing this Gabriel & Co. diamond ring to truly make it everything you want. Shop more engagement rings from Gabriel & Co.

Gabriel & Co. 14k Two Tone Victorian ByPass Engagement Ring Setting, Cost: $2,040.00

7. Henri Daussi Diamond Engagement Rings

Rose gold had made a huge comeback in the world of wedding and engagement rings. That’s why this Henri Daussi diamond engagement ring is number seven on our list. It features a cushion-cut fancy orange-brown center diamond, surrounded by 0.66 ctw pave set diamonds that run along the 14k rose gold halo setting. And the feminine rose gold color is flattering to all skin tones. Not quite what you were looking for? Shop for more rose gold rings here.

Henri Daussi 0.55 ct Diamond Engagement Ring, Cost: $3,624.00

8. Verragio Classic 0.25 ctw Diamond Engagement Rings

This flawless Verragio classic engagement ring is perfect for the more traditional bride. It features a diamond halo along with a sleek and simple style. The addition of the diamond halo creates a modern and elegant look. This ring setting is available in 14k, 18k, and platinum. It can also be customized to fit any diamond you desire. Shop more rings from Verragio. Are you looking to have a ring custom made? It all starts with a thought! Contact our design experts at (561) 623-8205 to start your design today.

Verragio Classic 0.25 ctw Diamond Engagement Ring Setting, Cost: $2,100.00–$3,750.00

9. Simon G Garden Collection Diamond Engagement Rings

A simple cross between Cinderella and snow white, this Simon G Garden Collection diamond engagement ring is perfect for any queen. It’s one that says sophisticated and elegant.  This ring features brilliant diamonds that are G/H in color and VS in clarity and it’s adorned with .12 ctw around. The setting is available in 18k white, yellow, rose gold, and platinum. Find more rings fit for a queen or more from the Simon G collections.

Simon G Garden Collection Diamond Engagement Ring, Cost: $1,540.00–$1,980.00

10. Mosaic Pear Diamond Engagement Rings

Sure a round-cut diamond is cute bute a pear-shaped diamond is beautiful.  Simple, elegant, and sophisticated – these pear cut diamonds are making a comeback. A huge plus about these tapered cuts? They instantly slim and elongate your fingers. And this Mosaic Pear Diamond Engagement ring does just that. If you’re looking for a more nontraditional type of ring, this ring may be ideal. For other pear-shaped diamonds Check out this 18k White Gold GIA 1.01ct Pink Pear Shaped Diamond Engagement Ring. Or Shop more engagement rings from A. Jaffe.

18k White Gold 0.73 ctw Mosaic Pear Diamond Engagement Ring, Cost: $1,799.00

11. Fabled Collection by Simon G Diamond Engagement Rings

Twisted bands are great for someone looking for a ring that is both simple and unique at the same time. This diamond engagement ring setting from the Fabled Collection is a beautiful nontraditional ring. It has been adorned with .20 ctw round, brilliant diamonds that are G/H in color and VS in clarity. The setting is available in platinum and 18k white, yellow, and even rose gold. See more rings with twisted bands here.

Simon G Fabled Collection Diamond Engagement Ring Setting, Cost: $1,540.00–$1,980.00

12. Classic Pave Set Engagement Rings from A. Jaffe

The A. Jaffe classic pave set diamond engagement ring is one of the more simple settings we have. With a beautiful setting that will look astonishing on any future bride’s finger, the future bride to be will love showing it off. It features approximately 0.27 ct of round brilliant diamonds paved along the shank of the ring and a four prong setting that can be customized to fit any diamond or gemstone of your choice. Shop more engagement rings from A. Jaffe.

810. Jaffe Classic Pave Set Engagement Ring Setting, Cost: $1,810.00–$3,200.00

13. Pretty in Pink Solitaire Diamond Engagement Rings

This Tacori Pretty in Pink solitaire diamond engagement ring setting is petite and modern while being unique and nontraditional at the same time. The beautiful rose gold setting features approximately 0.15 cts of round diamonds set among almond crescent details that travel half way down the band. The Pretty in Pink collection by Tacori is one of the brand’s most popular bridal designs.

This particular setting is not only available in rose gold, but is also available to order in platinum, 18k white, and yellow gold. The head of the setting, where the center stone is set, can accommodate any round or princess cut stone of 0.5 cts or larger. And the solitaire ring embodies Tacori’s signature crescent engraving on the profile view of the band.

Tacori Pretty In Pink 46-2 Solitaire Engagement Ring Setting, Cost: $1,960.00–$2,580.00

14. Princess Cut Diamond Engagement Rings

Looking for a princess cut ring? This diamond engagement ring was made with every princess in mind. It features approximately 1.20 ctw of princess cut diamonds that are G-H in color and VS in clarity. The diamond engagement ring is made using 14k white gold, which is what gives each diamond the ultimate look. Shop more princess cut engagement rings here.

14k White Gold 1.20 ctw Princess Cut Diamond Engagement Ring, Cost: $1,895.00

15. Colorful Diamond Engagement Rings

For those who really want their engagement ring to stand out. A ring with some color might be just what you’re looking for. This colorful Simon G diamond engagement ring setting is beautiful and unique. It’s available in platinum, yellow, and rose gold and features .17 ctw diamonds that are G/H in color and VS in clarity. The ring also features .21 ctw of round cut paraiba tourmaline. Not quite the color pop you want? Find more colorful engagement rings here.

Simon G Garden Collection Diamond Engagement Ring Setting, Cost: $3,080.00–$3,960.00

16. 0.30 ctw Diamond Engagement Rings

The couture collection from Verragio features this brilliant 0.30 ctw two-tone diamond ring. The exquisite Verragio diamond engagement ring is handcrafted to perfection. The ring features round halo diamond and rose gold inlay. The inside of the shank helps to create a stunning profile view. that will make this ring look gorgeous on any finger. This beautifully designed ring is available in 18k and platinum. Want to see more rings like this? Shop more Verragio engagement rings.

Verragio COUTURE 0.30ctw Diamond Engagement Ring Setting, Cost: $3,050.00–$4,250.00

These are just some of the amazing rings you’ll find here at Diamonds by Raymond Lee. If you’re having a hard time choosing the perfect ring for yourself or for your partner, consider making a trip to the store and having one of our experts help you. Our team of diamond advisers is dedicated to assisting you in choosing the perfect engagement ring with ease and confidence. For commonly asked questions, please visit our FAQ page. During regular business hours, we can be reached by phone, email, or live chat. For after hour inquiries, please fill out our contact form and we will get back to you next business day.

Not sure where to begin when it comes to picking out the perfect engagement ring? Learn more about diamonds and rings in our education center. If you’re looking for further information Chat online, or even email one of our customer service advisers at info@diamondsbyraymondlee.com.