How Much Does an Engagement Ring Cost? A Complete Price Guide
An engagement ring is one of the few things in life you buy with the hope it will be worn forever. It’s completely natural that one of the first questions people ask is: how much does an engagement ring actually cost?
The short answer is – prices vary widely. In Estonia, engagement rings usually start from around €800 and can reach several thousand euros. Most couples choose a ring in the €1200–€3000 range.
Why do prices vary so much? To understand this, we need to look at what the price of an engagement ring is really made of.
What determines the price of an engagement ring?
The price of an engagement ring is not determined by the diamond size alone. In reality, three main factors influence the final price:
• the diamond
• the precious metal
• craftsmanship and design
This changes if engagement ring costs 1000€ or 30000€
Diamond – biggest price changer
The diamond usually makes up the largest part of the engagement ring price. Its value is measured using the famous 4Cs: carat, cut, color and clarity.
Carat weight has the biggest impact on price. The larger the diamond, the faster the price increases. Interestingly, the visual difference doesn’t grow as quickly as the price, which is why slightly smaller diamonds are often a very smart choice.
Lab-grown diamonds have also become extremely popular in Estonia in recent years. They are chemically and visually identical to natural diamonds but typically cost 30–40% less.
Material – gold or platinum
The second price factor is the ring material. The most common choices are:
• yellow gold
• white gold
• rose gold
• platinum
Gold price depends on the purity (14K or 18K). Platinum is usually the most expensive option, but also the most durable.
Craftmanship
The third important factor is craftsmanship. Mass-produced rings are cheaper, while custom engagement rings require more time, precision and skilled handwork.
This is where the character of the ring is created – the details, proportions and finishing that mass production cannot replicate.
What should be the engagement ring budget?
Many people have heard the “2–3 months salary” rule, but today it’s no longer relevant.
A much better approach is to choose a budget that feels comfortable and meaningful. What matters most is that the ring lasts a lifetime and truly represents your story.
The price of an engagement ring depends mainly on the diamond, the material and the design. In Estonia, most engagement rings fall between €1200 and €3000, but beautiful options exist for every budget.
If you’re just starting your search, take your time and explore different possibilities — the right ring has a way of finding you.