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Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Jewellery, engagement ring & watch advice, plus insurance tips & industry insights. 

Watch expert tips, discover insurance benefits & hear real customer stories. 

Find answers to common questions about jewellery, engagement ring & watch insurance. 

Click here to access important policy documents - Product Disclosure Statement, Financial Services Guide, and Policy Wording.

Click here to access the Target Market Determination (TMD) document.

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Size Without the Dollar Sign: Engagement Rings

Q Report Team

Updated on March 23, 2025
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Looking for a large engagement ring with a smaller price tag? With a few tried-and-true strategies under your belt, you can find the perfect, impressive engagement ring without breaking your budget. Here are our best tips to help you achieve that goal.

Prioritise the Stone Over the Metal

Some fine metals increase a ring’s cost substantially. Therefore, if you want to buy a more substantial engagement ring for less, you can choose a less-expensive metal. This leaves more money in your budget for larger stones.

Let’s take a look at the most popular metals for engagement rings, from the most expensive to the least costly.

Platinum

Dense, durable and hypo-allergenic, platinum has a purity rate of 95 per cent. It develops a desirable patina with wear, but your family jeweller can quickly restore the metal’s original shine at any time. Platinum resists wear and corrosion beautifully. 

Because it’s such a rare element, platinum is expensive. If you poured the whole world’s reserve of platinum into an Olympic-sized swimming pool, it would only cover your ankles. To own a ring made from a portion of that one pool of metal, you have to pay a premium. If you’re looking for a large ring on a limited budget, platinum is probably not the metal for you.

Gold

Less expensive than platinum and extremely popular for engagement rings, gold is always a good choice. White gold has held a vast majority of the market for the last ten to fifteen years, but yellow gold is roaring back. Rose gold, with its romantic pinkish hue, has also been trending for several years. We expect to see more of it in the wedding jewellery market.

Because pure gold is too soft for jewellery that is worn every day, it must be alloyed with other metals. Sometimes people have allergic reactions to these other metals, especially to nickel. So if the wearer has sensitive skin, ask about the gold’s make-up.

While gold is less expensive than platinum, they’re not the only precious metals to consider. Let’s look at a few more.

Silver

Sterling silver is a classic choice for an engagement ring, and it’s generally less expensive than gold. It’s essential to keep in mind that silver will tarnish, so it requires more maintenance than many other precious metals.

Some people solve the tarnishing problem by having it coated with rhodium (the same metal that covers white gold to give it that white, luminous sheen). This can be a great option when you’re trying to save money on the metal.

Titanium

Incredibly durable and lightweight, titanium is hypo-allergenic and darker in colour than silver or white gold. Its steel grey shade gives engagement jewellery a modern appeal. As strong as steel but 45 per cent lighter, titanium has been increasing in popularity since the 1990s, when it first entered the wedding jewellery scene.

Palladium

If you love the look of white gold and platinum, but you’d like to spend less on the ring’s precious metal, consider palladium. Although palladium is a rare metal in the platinum group of metals, it’s much less expensive. It provides that same steely white look, but the metal is less dense, perfect for a large ring.

 

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Be Selective About Diamond Shape

The diamond shapes you choose greatly influence an engagement ring’s overall appearance and style. Additionally, some diamond shapes appear more significant than others, even though they have the same carat weight.

 

Marquise diamonds, for example, may appear to be larger than round brilliants of the same carat weight, simply because the marquise is elongated and more shallow. Also, if you were to spend the same amount, you would get a 10 percent larger surface area by purchasing a princess cut diamond instead of a round brilliant.

 

Choose Clusters or Halos

Another way to get a more substantial engagement ring for less is to choose a style that clusters smaller diamonds together. Halo styles, for example, give the centre stone a much larger appearance by surrounding it with smaller diamonds. Other cluster styles provide the same effect: more bling for less money.

 

Opt for Side Stones

Increase the size of an engagement ring by adding smaller stones to the band or the sides of the main stone. These styles add more sparkle and an illusion that the ring is more extravagant. Pave rings provide increased lustre for a relatively small price tag.

 

Prioritise Size Over Clarity

After size, clarity has the biggest impact on a diamond’s cost. Some ring designs, such as bezel and channel settings, don’t showcase the stone’s clarity anyway, so it doesn’t make sense to splurge on a clear diamond. Prioritise size over clarity, and you can purchase an impressive ring for less.

 

Choose a Shallow-Cut Diamond

A shallow-cut diamond has a larger surface area but shallower depth. When you make this choice, you sacrifice sparkle, but you gain a larger stone. Deeper stones have increased light performance, and therefore more brilliance. If you opt for this route, carefully consider the overall appearance of the ring with the shallow-cut diamond.

 

You can employ one or several of these strategies to purchase a larger engagement ring for less. From shopping the pre-owned market to making calculated decisions regarding the ring’s style, you can buy a ring that will delight your partner.

 

Consider Buying a Pre-owned Ring

It’s possible to bag a pre-owned engagement ring for a fraction of the price you’d pay for a brand new one. If you’re hoping to stretch your budget for a larger ring, explore the pre-owned market, both locally and online.

 

Pay special attention to ring size as you shop for a pre-owned ring. Most rings can be increased or decreased by one to two ring sizes. Certain kinds of rings (eternity-style, tension settings, titanium and tungsten), however, are nearly impossible to resize. Therefore, narrow your options down by size before you get too attached to a particular ring.

 

And when you find that just-right ring, insure it with Q Report engagement ring insurance. Protect your ring from the moment you walk it out of the store. Get an online quote today.

 

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Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

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Looking for a large engagement ring with a smaller price tag? With a few tried-and-true strategies under your belt, you can find the perfect, impressive engagement ring without breaking your budget. Here are our best tips to help you achieve that goal.

Prioritise the Stone Over the Metal

Some fine metals increase a ring’s cost substantially. Therefore, if you want to buy a more substantial engagement ring for less, you can choose a less-expensive metal. This leaves more money in your budget for larger stones.

Let’s take a look at the most popular metals for engagement rings, from the most expensive to the least costly.

Platinum

Dense, durable and hypo-allergenic, platinum has a purity rate of 95 per cent. It develops a desirable patina with wear, but your family jeweller can quickly restore the metal’s original shine at any time. Platinum resists wear and corrosion beautifully. 

Because it’s such a rare element, platinum is expensive. If you poured the whole world’s reserve of platinum into an Olympic-sized swimming pool, it would only cover your ankles. To own a ring made from a portion of that one pool of metal, you have to pay a premium. If you’re looking for a large ring on a limited budget, platinum is probably not the metal for you.

Gold

Less expensive than platinum and extremely popular for engagement rings, gold is always a good choice. White gold has held a vast majority of the market for the last ten to fifteen years, but yellow gold is roaring back. Rose gold, with its romantic pinkish hue, has also been trending for several years. We expect to see more of it in the wedding jewellery market.

Because pure gold is too soft for jewellery that is worn every day, it must be alloyed with other metals. Sometimes people have allergic reactions to these other metals, especially to nickel. So if the wearer has sensitive skin, ask about the gold’s make-up.

While gold is less expensive than platinum, they’re not the only precious metals to consider. Let’s look at a few more.

Silver

Sterling silver is a classic choice for an engagement ring, and it’s generally less expensive than gold. It’s essential to keep in mind that silver will tarnish, so it requires more maintenance than many other precious metals.

Some people solve the tarnishing problem by having it coated with rhodium (the same metal that covers white gold to give it that white, luminous sheen). This can be a great option when you’re trying to save money on the metal.

Titanium

Incredibly durable and lightweight, titanium is hypo-allergenic and darker in colour than silver or white gold. Its steel grey shade gives engagement jewellery a modern appeal. As strong as steel but 45 per cent lighter, titanium has been increasing in popularity since the 1990s, when it first entered the wedding jewellery scene.

Palladium

If you love the look of white gold and platinum, but you’d like to spend less on the ring’s precious metal, consider palladium. Although palladium is a rare metal in the platinum group of metals, it’s much less expensive. It provides that same steely white look, but the metal is less dense, perfect for a large ring.

 

New call-to-action

 

Be Selective About Diamond Shape

The diamond shapes you choose greatly influence an engagement ring’s overall appearance and style. Additionally, some diamond shapes appear more significant than others, even though they have the same carat weight.

 

Marquise diamonds, for example, may appear to be larger than round brilliants of the same carat weight, simply because the marquise is elongated and more shallow. Also, if you were to spend the same amount, you would get a 10 percent larger surface area by purchasing a princess cut diamond instead of a round brilliant.

 

Choose Clusters or Halos

Another way to get a more substantial engagement ring for less is to choose a style that clusters smaller diamonds together. Halo styles, for example, give the centre stone a much larger appearance by surrounding it with smaller diamonds. Other cluster styles provide the same effect: more bling for less money.

 

Opt for Side Stones

Increase the size of an engagement ring by adding smaller stones to the band or the sides of the main stone. These styles add more sparkle and an illusion that the ring is more extravagant. Pave rings provide increased lustre for a relatively small price tag.

 

Prioritise Size Over Clarity

After size, clarity has the biggest impact on a diamond’s cost. Some ring designs, such as bezel and channel settings, don’t showcase the stone’s clarity anyway, so it doesn’t make sense to splurge on a clear diamond. Prioritise size over clarity, and you can purchase an impressive ring for less.

 

Choose a Shallow-Cut Diamond

A shallow-cut diamond has a larger surface area but shallower depth. When you make this choice, you sacrifice sparkle, but you gain a larger stone. Deeper stones have increased light performance, and therefore more brilliance. If you opt for this route, carefully consider the overall appearance of the ring with the shallow-cut diamond.

 

You can employ one or several of these strategies to purchase a larger engagement ring for less. From shopping the pre-owned market to making calculated decisions regarding the ring’s style, you can buy a ring that will delight your partner.

 

Consider Buying a Pre-owned Ring

It’s possible to bag a pre-owned engagement ring for a fraction of the price you’d pay for a brand new one. If you’re hoping to stretch your budget for a larger ring, explore the pre-owned market, both locally and online.

 

Pay special attention to ring size as you shop for a pre-owned ring. Most rings can be increased or decreased by one to two ring sizes. Certain kinds of rings (eternity-style, tension settings, titanium and tungsten), however, are nearly impossible to resize. Therefore, narrow your options down by size before you get too attached to a particular ring.

 

And when you find that just-right ring, insure it with Q Report engagement ring insurance. Protect your ring from the moment you walk it out of the store. Get an online quote today.

 

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Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

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Sapphire

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Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Export
Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

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Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

bulb
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Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

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