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

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The Latest Trends in Ring Designs: What's Hot in 2023

Q Report Team

Updated on March 20, 2025
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It is not just the beauty of the engagement ring designs that make them a thing to behold, but they also serve as a form of self-expression. It is a powerful statement that couples make to one another, showcasing their commitment and love in a way that is unique to them. Whether you're looking for asymmetrical pieces or vintage-inspired settings, the trends of 2023 are sure to inspire you! So let's take a closer look at what's to come.

Vintage-Inspired Rings

It may be the sentiment of a family heirloom or a timeless beauty; whatever the reason, vintage engagement ring designs have always been popular, and 2023 is no exception.

Unfortunately, most of us have limited access to a family treasure chest. If this is the case, then this is the trend for you to keep an eye––or a ring finger on! 2023 is bringing to the altar vintage-inspired engagement rings––custom designed to give their wearers the opulence of a brand-new engagement ring with the timeless beauty of vintage styling. 

When shopping for a vintage engagement ring, it's important to note that "vintage" refers to a piece that has been around for 20 years or more. Whereas "antique" is a piece that has been around for at least 100 years. The vintage-inspired ring trend is based on a design with a vintage-inspired aesthetic, generally covering the 1920s up through the Millennium.

Larsen-2

Photo by Larsen Jewellery

Modern Art-Deco

Originating in France circa 1910, the Art Deco design era showcased elaborate ring designs that continued well into and through the 1930s. Often featuring fewer diamonds than eras gone by, instead focussing on the rich colour of exquisite gemstones––think emeralds, rubies, sapphires, and onyx set in unique geometric shapes, designed with mathematical precision. 

Modern elegance combined with precise, exquisite craftsmanship has meant that art-deco pieces remain on trend and popular amongst couples looking for a unique engagement ring. Together,  these features offer couples a timeless piece of history to symbolise their love and commitment.

Archer Holland

Photo by Archer & Holland

Pear and Oval Rings

Both pear and oval-shaped engagement ring designs are undeniably experiencing a significant comeback, and it's easy to see why. Whether it be inspiration from the iconic $2 million 12-carat oval sparkler that led Blake Lively to say 'Yes!' to beau Ryan Reynolds or the 20-carat pear-shaped beauty that adorns the ring finger of Paris Hilton––one thing for sure, these unique shapes are set to be a popular trend for 2023.

And what's more, the elongated shape of a pear-cut diamond makes a statement of its own with its unique and modern cut, and it appears visually larger than some of its traditional counterparts, such as the classic round brilliant. Furthermore, this trend can offer a cost-effective alternative to achieving that celebrity size within your desired budget without compromising quality or beauty.

FaithJewels_04edited

Photo by Faith Jewels

Bezel Set Diamond Rings

Engagement ring trends are circular, and one that's back is the bezel setting, and for a good reason––it offers more than just aesthetics. Unlike its counterpart, which holds its gemstone using prongs, the bezel setting surrounds a stone with a thin metal outline. The stone may have either a full bezel or a half bezel.

Aside from beauty, with the metal rim protecting the stone from damage, the bezel setting is ideal for frequent or long-term wear. If not cared for properly with prong settings, a stone will likely get caught or bent out of shape.

1761_1200x

Photo by Clasa Jewellers 

Asymmetrical Pieces

When thinking of an engagement ring design, you wouldn't be misplaced if a solitaire was the first picture that came to mind. After all, it's both a classic and elegant design. However, to some couples, it may be too predictable.

So for those seeking a unique, bespoke piece, the increasing trend of an asymmetrical engagement ring is an aisle you'll want to walk down. Singer Ariana Grande, owner of a  statement-making asymmetrical engagement ring, has an oval shaped diamond set at an angle and a pearl alongside it. Individuality? We're already on board with this trend.

SK040-GWG__10666

Protect Your Engagement Ring

If 2023 is the year to propose, then the trends mentioned above are certainly the ones to watch. Whether it's a homage to the rare green 8.5-carat cushion cut diamond worn by Jennifer Lopez that you're after or an understated asymmetrical bespoke piece, when it comes to engagement ring designs, 2023 ensures that there is something for everyone.

What's more, taking out an engagement ring insurance policy will protect your beautiful ring, regardless of which design you have chosen––and keeps your ring covered if it becomes damaged, lost or stolen.

In need of engagement ring insurance? With Q Report, you can feel safe knowing your valuable jewellery is protected. Click here to get an instant quote, or call us on 1300 882 018. We are always happy to help.

 

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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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It is not just the beauty of the engagement ring designs that make them a thing to behold, but they also serve as a form of self-expression. It is a powerful statement that couples make to one another, showcasing their commitment and love in a way that is unique to them. Whether you're looking for asymmetrical pieces or vintage-inspired settings, the trends of 2023 are sure to inspire you! So let's take a closer look at what's to come.

Vintage-Inspired Rings

It may be the sentiment of a family heirloom or a timeless beauty; whatever the reason, vintage engagement ring designs have always been popular, and 2023 is no exception.

Unfortunately, most of us have limited access to a family treasure chest. If this is the case, then this is the trend for you to keep an eye––or a ring finger on! 2023 is bringing to the altar vintage-inspired engagement rings––custom designed to give their wearers the opulence of a brand-new engagement ring with the timeless beauty of vintage styling. 

When shopping for a vintage engagement ring, it's important to note that "vintage" refers to a piece that has been around for 20 years or more. Whereas "antique" is a piece that has been around for at least 100 years. The vintage-inspired ring trend is based on a design with a vintage-inspired aesthetic, generally covering the 1920s up through the Millennium.

Larsen-2

Photo by Larsen Jewellery

Modern Art-Deco

Originating in France circa 1910, the Art Deco design era showcased elaborate ring designs that continued well into and through the 1930s. Often featuring fewer diamonds than eras gone by, instead focussing on the rich colour of exquisite gemstones––think emeralds, rubies, sapphires, and onyx set in unique geometric shapes, designed with mathematical precision. 

Modern elegance combined with precise, exquisite craftsmanship has meant that art-deco pieces remain on trend and popular amongst couples looking for a unique engagement ring. Together,  these features offer couples a timeless piece of history to symbolise their love and commitment.

Archer Holland

Photo by Archer & Holland

Pear and Oval Rings

Both pear and oval-shaped engagement ring designs are undeniably experiencing a significant comeback, and it's easy to see why. Whether it be inspiration from the iconic $2 million 12-carat oval sparkler that led Blake Lively to say 'Yes!' to beau Ryan Reynolds or the 20-carat pear-shaped beauty that adorns the ring finger of Paris Hilton––one thing for sure, these unique shapes are set to be a popular trend for 2023.

And what's more, the elongated shape of a pear-cut diamond makes a statement of its own with its unique and modern cut, and it appears visually larger than some of its traditional counterparts, such as the classic round brilliant. Furthermore, this trend can offer a cost-effective alternative to achieving that celebrity size within your desired budget without compromising quality or beauty.

FaithJewels_04edited

Photo by Faith Jewels

Bezel Set Diamond Rings

Engagement ring trends are circular, and one that's back is the bezel setting, and for a good reason––it offers more than just aesthetics. Unlike its counterpart, which holds its gemstone using prongs, the bezel setting surrounds a stone with a thin metal outline. The stone may have either a full bezel or a half bezel.

Aside from beauty, with the metal rim protecting the stone from damage, the bezel setting is ideal for frequent or long-term wear. If not cared for properly with prong settings, a stone will likely get caught or bent out of shape.

1761_1200x

Photo by Clasa Jewellers 

Asymmetrical Pieces

When thinking of an engagement ring design, you wouldn't be misplaced if a solitaire was the first picture that came to mind. After all, it's both a classic and elegant design. However, to some couples, it may be too predictable.

So for those seeking a unique, bespoke piece, the increasing trend of an asymmetrical engagement ring is an aisle you'll want to walk down. Singer Ariana Grande, owner of a  statement-making asymmetrical engagement ring, has an oval shaped diamond set at an angle and a pearl alongside it. Individuality? We're already on board with this trend.

SK040-GWG__10666

Protect Your Engagement Ring

If 2023 is the year to propose, then the trends mentioned above are certainly the ones to watch. Whether it's a homage to the rare green 8.5-carat cushion cut diamond worn by Jennifer Lopez that you're after or an understated asymmetrical bespoke piece, when it comes to engagement ring designs, 2023 ensures that there is something for everyone.

What's more, taking out an engagement ring insurance policy will protect your beautiful ring, regardless of which design you have chosen––and keeps your ring covered if it becomes damaged, lost or stolen.

In need of engagement ring insurance? With Q Report, you can feel safe knowing your valuable jewellery is protected. Click here to get an instant quote, or call us on 1300 882 018. We are always happy to help.

 

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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.

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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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