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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. 

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How Much Does It Cost to Have a Custom Engagement Ring Made?

Q Report Team

Updated on March 18, 2025
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Your love story is unique, so a custom engagement ring is a perfect testament to the power of your shared experience. 

While there are countless stunning rings to explore, choosing to customise your own will create a work of art that encapsulates your journey in precious metals and sparkling gemstones. 

In this guide, we explore our current favourite designers, give tips on the design process, and most importantly, how much you can expect to pay for your custom engagement ring. 

Why Choose a Custom Engagement Ring? 

Imagine working with a skilled artisan, much like a painter, who transforms your vision into a tangible work of art. 

This is the world of custom engagement rings, where creativity knows no bounds and craftsmanship reigns supreme.

Every custom ring is a collaboration between you and your chosen jeweller, a partnership that merges dreams and skills into a creation that's uniquely yours.

Famous Custom Jewellery Designers

Are you seeking to go all out with an opulent and unforgettable custom engagement ring? These celebrated designers will undoubtedly steal the show. 

Neil Lane: Renowned for his exquisite designs and appearances on television shows like "The Bachelor," Neil Lane is a go-to jeweller for Hollywood's elite.

Lorraine Schwartz: A favourite among celebrities, the designs of Lorraine Schwartz have adorned red carpets and prestigious events, showcasing her unique and opulent creations.

Martin Katz: Known for his impeccable craftsmanship and one-of-a-kind pieces, the jewellery of Martin Katz has been worn by numerous A-list stars.

Custom Jewellery Designers in Australia

Searching for something a little closer to home? These top Australian designers offer custom engagement rings with genuine creativity and flair:

Eliise Maar

Handcrafted in her Melbourne studio, Eliise Maar creates bespoke diamond engagement rings, offering both ready-designed pieces and custom creations. A commitment to sustainability is reflected in their use of refined and recycled gold and platinum.

Cushla Whiting

Offering a one-on-one consultation to discover your dreams of the perfect engagement ring, Cushla Whiting is a sought-after custom designer. With a distinctive style often featuring one-of-a-kind gemstones, Whiting embodies the excitement and creativity of the custom design journey. 

Rachel Beth

A master of handcrafted bespoke pieces, Rachel Beth brings two decades of experience and an unwavering commitment to meticulous craftsmanship. Based in Sydney, Rachel offers a unique service, providing a yearly complimentary clean and check for engagement rings and wedding bands, exemplifying their dedication to the longevity and beauty of each custom creation.

How Much Does a Custom Engagement Ring Cost? 

It’s a question that every prospective couple will eventually ask themselves - “How much should I pay for my engagement ring?

While costs vary significantly based on individual preferences, complexity, and materials, a custom-designed engagement ring can range from $3,000 to $30,000 or more.

The following five factors will influence the cost of a custom engagement ring:

  1. Choice of Metal and Gemstone: The type of metal and gemstone you choose greatly impacts the cost, as precious metals and high-quality gemstones can increase expenses.
  2. Custom Design Complexity: The intricacy of the design, including engravings and settings, impacts the labour and time required, affecting the final price.
  3. Craftsmanship & Labor: Skilled craftsmanship and the time invested in handcrafting your ring contribute to its cost, especially for complex designs.
  4. Ring Size, Weight & Setting: Larger rings, heavier metals, and intricate setting styles can lead to higher material and labour costs.
  5. Designer's Reputation & Expertise: Custom rings from renowned designers or experienced jewellers often come with a premium due to their expertise and reputation.

Embracing a Collaborative Design Journey

Creating a custom engagement ring in Australia is an exciting adventure fueled by collaboration and artistic expression. 

Here's a comprehensive guide to navigating this journey of selecting and working with a jewellery designer: 

  1. Initial Consultation: Begin with a consultation where you share your vision, preferences, and inspirations. This is the foundation upon which your ring's design will be crafted.
  2. Design Concept: The designer transforms your ideas into a design concept, outlining the aesthetics and details of the ring.
  3. Feedback & Refinement: Share your feedback on the initial design, refining it until it aligns perfectly with your vision.
  4. Material Selection: Select the metals and gemstones for your ring, guided by your designer's insights.
  5. Artisan Craftsmanship: Skilled artisans meticulously craft your ring, ensuring every detail matches the design.
  6. Progress Updates: Receive updates on your ring's progress and have opportunities for final adjustments.
  7. The Grand Unveiling: Experience the excitement of receiving your custom masterpiece and seeing your unique engagement ring for the first time.

Tips for Getting the Most Out of Your Experience

Make your custom engagement ring the best it can be with these invaluable tips for optimising the journey:

  • Clear Communication: Openly share your ideas, preferences, and inspirations with the designer. The more they understand your vision, the better they can translate it into the design.
  • Research & Inspiration: Collect images, styles, and elements that resonate with you. These visuals can be invaluable in conveying your aesthetic preferences to the designer.
  • Set a Budget: Establish a clear budget from the outset. This allows the designer to work within your financial parameters while creating a remarkable piece.
  • Plan Ahead: If you're considering proposing on a specific date, factor in the creation timeline of the custom ring to ensure it's ready in time for the special moment.
  • Trust the Process: Embrace the collaborative nature of the journey. Be open to feedback and trust the designer's expertise to refine and enhance your vision.
  • Be Patient: Crafting a custom engagement ring is a meticulous process. Allow sufficient time for each stage to ensure the final result is of the highest quality.
  • Embrace Individuality: Your custom engagement ring embodies your unique love story. Embrace the opportunity to create a piece that captures the essence of your relationship.

Case Study: Prince Harry and Meghan Markle's Iconic Custom Engagement Ring

Prince Harry's heartfelt gesture in designing Meghan Markle's engagement ring speaks to the power of custom creations.

This $200,000 masterpiece was brought to life by renowned court jewellers Cleave and Company

A dazzling, ethically sourced cushion-cut diamond from Botswana takes centre stage, flanked by two smaller diamonds once belonging to Princess Diana.

This fusion of history and modernity weaves an eternal tale of their love and legacy.

When Your Custom Ring Demands Special Insurance - Trust Q Report

As you contemplate the cost of a custom engagement ring, it's crucial to remember that its value extends far beyond the monetary investment.

A bespoke ring is a love story in tangible form, an intimate expression of your journey and the promises you hold dear. 

Just as your ring is unique, its protection should be, too. Tailored engagement ring insurance from Q Report provides comprehensive coverage, ensuring your one-of-a-kind creation remains protected. 

Give your custom masterpiece the protection it deserves. Get an instant 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.

OK
Related Posts
Featured Posts
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Jewellery Insurance

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play-audio
Listen to article
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Your love story is unique, so a custom engagement ring is a perfect testament to the power of your shared experience. 

While there are countless stunning rings to explore, choosing to customise your own will create a work of art that encapsulates your journey in precious metals and sparkling gemstones. 

In this guide, we explore our current favourite designers, give tips on the design process, and most importantly, how much you can expect to pay for your custom engagement ring. 

Why Choose a Custom Engagement Ring? 

Imagine working with a skilled artisan, much like a painter, who transforms your vision into a tangible work of art. 

This is the world of custom engagement rings, where creativity knows no bounds and craftsmanship reigns supreme.

Every custom ring is a collaboration between you and your chosen jeweller, a partnership that merges dreams and skills into a creation that's uniquely yours.

Famous Custom Jewellery Designers

Are you seeking to go all out with an opulent and unforgettable custom engagement ring? These celebrated designers will undoubtedly steal the show. 

Neil Lane: Renowned for his exquisite designs and appearances on television shows like "The Bachelor," Neil Lane is a go-to jeweller for Hollywood's elite.

Lorraine Schwartz: A favourite among celebrities, the designs of Lorraine Schwartz have adorned red carpets and prestigious events, showcasing her unique and opulent creations.

Martin Katz: Known for his impeccable craftsmanship and one-of-a-kind pieces, the jewellery of Martin Katz has been worn by numerous A-list stars.

Custom Jewellery Designers in Australia

Searching for something a little closer to home? These top Australian designers offer custom engagement rings with genuine creativity and flair:

Eliise Maar

Handcrafted in her Melbourne studio, Eliise Maar creates bespoke diamond engagement rings, offering both ready-designed pieces and custom creations. A commitment to sustainability is reflected in their use of refined and recycled gold and platinum.

Cushla Whiting

Offering a one-on-one consultation to discover your dreams of the perfect engagement ring, Cushla Whiting is a sought-after custom designer. With a distinctive style often featuring one-of-a-kind gemstones, Whiting embodies the excitement and creativity of the custom design journey. 

Rachel Beth

A master of handcrafted bespoke pieces, Rachel Beth brings two decades of experience and an unwavering commitment to meticulous craftsmanship. Based in Sydney, Rachel offers a unique service, providing a yearly complimentary clean and check for engagement rings and wedding bands, exemplifying their dedication to the longevity and beauty of each custom creation.

How Much Does a Custom Engagement Ring Cost? 

It’s a question that every prospective couple will eventually ask themselves - “How much should I pay for my engagement ring?

While costs vary significantly based on individual preferences, complexity, and materials, a custom-designed engagement ring can range from $3,000 to $30,000 or more.

The following five factors will influence the cost of a custom engagement ring:

  1. Choice of Metal and Gemstone: The type of metal and gemstone you choose greatly impacts the cost, as precious metals and high-quality gemstones can increase expenses.
  2. Custom Design Complexity: The intricacy of the design, including engravings and settings, impacts the labour and time required, affecting the final price.
  3. Craftsmanship & Labor: Skilled craftsmanship and the time invested in handcrafting your ring contribute to its cost, especially for complex designs.
  4. Ring Size, Weight & Setting: Larger rings, heavier metals, and intricate setting styles can lead to higher material and labour costs.
  5. Designer's Reputation & Expertise: Custom rings from renowned designers or experienced jewellers often come with a premium due to their expertise and reputation.

Embracing a Collaborative Design Journey

Creating a custom engagement ring in Australia is an exciting adventure fueled by collaboration and artistic expression. 

Here's a comprehensive guide to navigating this journey of selecting and working with a jewellery designer: 

  1. Initial Consultation: Begin with a consultation where you share your vision, preferences, and inspirations. This is the foundation upon which your ring's design will be crafted.
  2. Design Concept: The designer transforms your ideas into a design concept, outlining the aesthetics and details of the ring.
  3. Feedback & Refinement: Share your feedback on the initial design, refining it until it aligns perfectly with your vision.
  4. Material Selection: Select the metals and gemstones for your ring, guided by your designer's insights.
  5. Artisan Craftsmanship: Skilled artisans meticulously craft your ring, ensuring every detail matches the design.
  6. Progress Updates: Receive updates on your ring's progress and have opportunities for final adjustments.
  7. The Grand Unveiling: Experience the excitement of receiving your custom masterpiece and seeing your unique engagement ring for the first time.

Tips for Getting the Most Out of Your Experience

Make your custom engagement ring the best it can be with these invaluable tips for optimising the journey:

  • Clear Communication: Openly share your ideas, preferences, and inspirations with the designer. The more they understand your vision, the better they can translate it into the design.
  • Research & Inspiration: Collect images, styles, and elements that resonate with you. These visuals can be invaluable in conveying your aesthetic preferences to the designer.
  • Set a Budget: Establish a clear budget from the outset. This allows the designer to work within your financial parameters while creating a remarkable piece.
  • Plan Ahead: If you're considering proposing on a specific date, factor in the creation timeline of the custom ring to ensure it's ready in time for the special moment.
  • Trust the Process: Embrace the collaborative nature of the journey. Be open to feedback and trust the designer's expertise to refine and enhance your vision.
  • Be Patient: Crafting a custom engagement ring is a meticulous process. Allow sufficient time for each stage to ensure the final result is of the highest quality.
  • Embrace Individuality: Your custom engagement ring embodies your unique love story. Embrace the opportunity to create a piece that captures the essence of your relationship.

Case Study: Prince Harry and Meghan Markle's Iconic Custom Engagement Ring

Prince Harry's heartfelt gesture in designing Meghan Markle's engagement ring speaks to the power of custom creations.

This $200,000 masterpiece was brought to life by renowned court jewellers Cleave and Company

A dazzling, ethically sourced cushion-cut diamond from Botswana takes centre stage, flanked by two smaller diamonds once belonging to Princess Diana.

This fusion of history and modernity weaves an eternal tale of their love and legacy.

When Your Custom Ring Demands Special Insurance - Trust Q Report

As you contemplate the cost of a custom engagement ring, it's crucial to remember that its value extends far beyond the monetary investment.

A bespoke ring is a love story in tangible form, an intimate expression of your journey and the promises you hold dear. 

Just as your ring is unique, its protection should be, too. Tailored engagement ring insurance from Q Report provides comprehensive coverage, ensuring your one-of-a-kind creation remains protected. 

Give your custom masterpiece the protection it deserves. Get an instant 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
0%

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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