How Much Should an Engagement Ring cost?



Hello Friend, thank you for visiting our brand-new blog!


So many people come to us for advice on engagement rings, so I thought it would be a good first topic to discuss…  




Historians believe that the tradition of the engagement ring originated from a Roman custom, in which a man would present his prospective bride with an engagement ring once she had accepted his marriage proposal.

When she responded positively, he would present the gift. But today, a man presents the ring at the same time as he asks the question “will you marry me?”. Perhaps men feel that a little help from the diamond will encourage their lady-loves to say “yes”!


And so it all comes down to the diamond. This can put pressure on a man to impress with a stone that might be beyond his budget.


But it should not be like that.


The engagement ring is a symbol of love, and commitment, and a beautiful new beginning. It is not a symbol of money in the bank.




Plain and simply put, my honest advice is to buy a ring that you can afford. All the jewelry shops would like to sell a bigger and more expensive diamond. In order that you can buy one they may advise you to seek financing, but I truly think that an engagement ring is a symbol of the beautiful journey that two people embark upon when they decide to spend their lives together. Therefore, you do not want the ring to be a constant reminder of financial distress.


Also, it is not advisable for a young couple to start their life-journey together with a big debt that could have been avoidable.


There are options for absolutely beautiful and perfect engagement rings, that can fit any budget.


At Cape Diamond Exchange we offer layby up to 3 months. A layby sale is one where you pay by instalments and collect the goods when you have paid off the balance. Just have a look around our online shop for a wonderful array of rings and prices!


If you are in Cape Town, pop in to our gorgeous shop on St Georges Mall, or peruse our extensive window displays if you don’t feel like coming in.


Also, feel free to call for an appointment 021 4222 350 / 021 424 6125 or out of office hours 061 338 7544.


We are always here for you! Keep your eye on this blog for lots of engagement ring, and other jewelry, advice.


Diamond Love,



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