Top 40 Diamond Engagement Rings for $5,000

Written by: Afshin Shaddaie, Jewelry and Gemology Expert
December 20, 2022 – Posted in: Jewelry Blog

You don’t have to break the bank to purchase a gorgeous engagement ring. The options for affordable engagement rings under $5,000 are practically limitless. You can choose from a wide range of styles, designs, and patterns and surprise your future bride with a magnificent piece of jewelry. 

This list of the top 40 diamond engagement rings for $5,000 will help you narrow down your options and find the perfect one for that special someone. 

1. Virginia Ring 

13519 Virginia 1950's diamond engagement rings under $5k

Price: $4,000

Starting off our collection of diamond engagement rings for $5,000 is the gorgeous Virginia Ring. It features a 0.71-carat European-cut diamond set in prongs, surrounded by bow motifs on the shoulders. Fine milgrain and intricate filigree also adorn the shoulders and decorate the visible part of the shank. This vintage ring was handcrafted around 1950.

2. The Berge Ring 

13495 Berge Vintage Retro Era Diamond engagement rings for under $5,000

Price: $4,000

If your future spouse enjoys geometric jewelry, they’ll love the Berge Ring. This wonderful ring features a 0.60-carat old European diamond in a box prong setting as the center stone. Two rows of rose-cut diamonds flank the center diamond in an east-west orientation and emphasize its sparkle. This platinum ring dates from the retro era and was created in the 1940s. 

3. The Modbury Ring 

14184 Modbury Ring

Price: $4,000

Sapphires symbolize sincerity, faithfulness, luck, and happiness, so it’s no surprise many rings feature them. The Modbury Ring displays diamonds and sapphires, thus creating a lovely contrast. The ring’s main character is an old European-cut diamond that weighs around 0.50 carats. A halo of French-cut sapphires surrounds the stone, followed by a halo of single-cut diamonds. The halos form geometric shapes that make the ring even more appealing. 

4. The Central Park Ring

14101 Central Park Diamond and French Cut Sapphire Halo Engagement Ring

Price: $4,000

The Central Park Ring is another example of how sapphires and diamonds look great when combined. The center stone is a 0.54-carat old European diamond surrounded by a halo of French-cut sapphires that follow its shape. Two small old European-cut diamonds adorn each shoulder and reveal wonderful openwork in the undergallery. 

5. The Allentown Ring 

14216 Allentown Vintage Retro Era Diamond Engagement Rings for under $5,0000

Price: $4,000

If you’re looking for the best diamond rings for $5,000 or less, take a look at the Allentown Ring. This ring from the retro era features a nearly colorless 0.50-carat old European-cut diamond as the center stone. Two single-cut diamonds adorn each shoulder and highlight the center stone’s brilliance. 

6. The Lindenhurst Ring 

13333 Lindenhurst Ring. Circa 1900

Price: $4,000

Any bride who enjoys unique jewelry will love the Lindenhurst Ring. This stunning platinum ring is anything but ordinary. The center stone is a 0.30-carat old European diamond. Impressive floral filigree adorned with diamonds on each side surrounds the center stone and forms a north-south shape. 

7. The Lorraine Ring 

13357 Lorraine Ring

Price: $4,000

The ruby symbolizes love and commitment, thus representing a perfect gemstone for an engagement ring like this one. The Lorraine Ring features a gorgeous combination of diamonds and rubies. The center stone is a lovely 0.20 cushion-cut diamond surrounded by nine old European-cut diamonds that form petals. A halo of natural rubies further emphasizes the floral design and creates an appealing contrast. 

8. The Starrett Ring 

13788 Starrett Ring

Price: $4,000 

All eyes will be drawn to the lovely center stone, a bezel-set Asscher-cut diamond that weighs approximately 0.50 carats and features a high color grade. Small baguette-cut diamonds form a halo and follow the center stone’s shape, complementing its brilliance. The diamonds on the shoulders cover the visible part of the shank and make the Starrett Ring even more beautiful. This makes a great choice for anyone looking for geometric engagement rings for under $5,000.

9. The Groton Ring 

12983 Groton Ring

Price: $4,200 

The Groton Ring offers a unique option for an engagement ring under $5,000 and centers a 0.83-carat old European-cut diamond. While the center stone is undeniably beautiful, the gorgeous shoulders steal the spotlight. Each shoulder features three sections of diamonds that graduate toward the center and highlight the center stone’s round shape. 

10. The Holland Ring 

13856 Holland Ring

Price: $4,500 

Anyone who enjoys antique jewelry will love the Holland Ring. This ring’s center stone is an old mine-cut diamond surrounded by a double halo of old mine- and single-cut diamonds. This double halo follows the center diamond’s shape. This lovely engagement ring originates from the Edwardian era, circa 1905.

11. The Seine Ring 

12934 Seine Aquamarine Ring

Price: $4,500 

Aquamarine is associated with clarity, harmony, and tranquility, and it’s often featured in engagement rings. The Seine Ring is an example of how a light-blue aquamarine looks stunning when combined with diamonds. The center stone is a natural emerald-cut aquamarine with deep saturation. Three levels of baguette-cut diamonds connected to the simple shank with small diamonds on the shoulders emphasize the gemstone’s breathtaking color. 

12. The Hamilton Ring 

12939 Hamilton Ring

Price: $4,500

The center stone of the Hamilton Ring is an emerald-cut diamond weighing 0.51 carats, framed by a halo of smaller diamonds and fine milgrain. Baguette-cut diamonds adorn each shoulder and connect the halo to a delicate triple-wire shank, revealing an intricate undergallery. 

13. The Brent Ring 

12826 Brent Diamond Engagement Rings for under $5,000

Price: $4,500

The Brent Ring is all about simple yet effective details. It showcases a beautiful 0.77-carat old European diamond as the center stone. Two smaller diamonds on the sides complement the center stone’s brilliance and reveal interesting work on the shoulders. Intricate hand engravings on the visible part of the shank make this delicate ring even more impressive. 

14. The Ashbourne Ring 

13336 Ashbourne Ring

Price: $4,500

The Ashbourne Ring is unique because it has three center diamonds instead of one. All the diamonds are old mine cut and have a total weight of approximately 0.90 carats. A north-south-oriented halo of small single-cut diamonds borders the three stones. The diamonds are set in platinum, while the shank is 18k yellow gold. 

15. The Howden Ring 

12188 Howden Marquise cut diamond vintage style engagement ring

Price: $4,500

Elongated rings like the Howden Ring are certainly eye-catching, so they can be ideal for those who don’t like classic jewelry. This particular ring centers a nearly colorless marquise-cut diamond weighing 0.67 carats. Small old European diamonds form a halo around the center stone and follow its shape. The thin shank ensures all eyes are on the center. 

16. The West Castle Ring 

West Castle

Price: $4,500

The West Castle Ring combines diamonds and emeralds for a unique contrast and visually appealing effect. This bold geometric ring showcases a brilliant-cut diamond weighing around 0.40 carats as the center stone, with two smaller brilliant-cut diamonds on the sides. Two rows of natural emeralds set in a north-south orientation and surrounded by rows of small diamonds accent the center stone’s brilliance and shape. 

17. The Dewsbury Ring 

12667 Dewsbury Aquamarine Ring

Price: $4,500

The Dewsbury Ring centers a gorgeous 1.70-carat rectangular cushion-cut aquamarine with a vivid teal saturation. A row of small old European diamonds with two baguette-cut diamonds on the sides follows the center stone’s shape perfectly and creates a gentle contrast. Small diamonds also accent the shoulders and connect the halo to a triple-wire shank. 

18. The Denville Ring 

12824 Denville Ring

Price: $4,500

The vintage-style Denville Ring features a round brilliant-cut diamond that weighs 0.65 carats and has a high color grade. A row of small diamonds with the same cut wraps around the center stone and follows its shape. Additional diamonds on the shoulders connect the halo to a simple, thin shank that makes the center stone look even bigger. 

19. The Cesena Ring

13667 Cesena Vintage Edwardian Diamond Engagement Ring for under $5,000

Price: $4,500

If you’re looking for a solitaire ring with a twist, look no further than the Cesena Ring. The ring centers a prong-set old European diamond weighing 0.89 carats. The shank is divided into three sections along the shoulders, thus emphasizing the center stone. The ring was handcrafted in the Edwardian era, around 1900, and features platinum and white gold. For those who like vintage pieces, this engagement ring is a great option for under $5,000.

20. The Oxford Ring 

13781 Oxford Ring

Price: $4,700

Let’s start with the Oxford Ring’s gorgeous center stone. It’s a nearly colorless emerald-cut diamond that weighs 0.50 carats. Small old European diamonds wrap around the center stone, following its shape and highlighting its color. You’ll notice fine milgrain decorating the center diamond and the halo, contributing to the ring’s delicate style. 

21. The Mississippi Ring 

13786 Mississippi Ring

Price: $4,800

If your future spouse enjoys contrast, they’ll love the Mississippi Ring. This engagement ring comes in at just under $5,000 and showcases a 0.50-carat Asscher-cut diamond as the center stone, surrounded by a double halo. The first halo features French-cut calibrated sapphires while the second one is comprised of round diamonds. 

22. The Atlanta Ring 

13787 Atlanta Ring

Price: $4,800

The Atlanta Ring also features a lovely contrast only this time, diamonds are combined with emeralds. This ring has a center stone of 0.50-carat Asscher-cut diamond. A row of natural calibre-cut emeralds wraps around the center stone, followed by a row of full-cut diamonds. 

23. The Walton Ring 

13089 Walton  Ruby Halo Asscher Cut  Diamond Engagement Rings for under $5,000

Price: $4,800

The Walton Ring is another double-halo ring on our list. Here, the center stone is an Asscher-cut diamond weighing 0.50 carats, surrounded by a double halo of natural French-cut rubies and old cut diamonds. Small diamonds decorate the shoulders and connect to a triple-wire shank. 

24. The Belfort Ring 

13139 Belfort Kunzite and Ruby Halor Ring

Price: $4,800

The gorgeous Belfort Ring combines kunzite, rubies, and diamonds. It displays a 3.77-carat emerald-cut kunzite as the center stone. A halo of natural rubies with two baguette-cut diamonds on the sides surrounds the kunzite and creates a striking contrast. 

25. The Alpine Ring

13050 Alpine Ring
wtgb

Price: $4,900 

The Alpine Ring’s center stone is a marquise-cut diamond that weighs around 0.63 carats. A row of natural French-cut sapphires with a deep saturation follows the center stone’s shape and highlights its color. Small diamonds stretch along the shoulders and reveal a detailed undergallery that contributes to the ring’s delicate style. This piece offers a great option if you want a unique cut diamond engagement ring for under $5,000.

26. The Matera Ring 

13053 Matera Antique Cushion cut Diamond Engagement Rings for under $5,000

Price: $5,000

The center stone of the elegant Matera Ring is an antique cushion-cut diamond that was cut around 1925. A row of antique diamonds wraps around the center stone, following its shape perfectly. Both the center diamond and the halo are decorated with subtle milgrain, which also adorns the shoulders and reveals a triple-wire shank. 

27. The Faro Ring 

13054 Faro Ring

Price: $5,000

Many agree that diamonds look best when combined with yellow gold, and the Faro Ring features both. Here, the center stone is a cushion-cut diamond that weighs 0.60 carats, surrounded by a row of smaller diamonds that follow its shape. Each shoulder displays a diamond that connects to a triple-wire shank. The entire ring is handcrafted in 18k yellow gold. 

28. The Brunoy Ring

Brunoy Ring

Price: $5,000

If you’re interested in unconventional engagement rings for under $5,000, the Brunoy Ring might be a great choice. It showcases a lovely 1.39-carat oval-cut emerald as the center stone. Small round-cut diamonds wrap around the gemstone, forming a beautiful halo and creating a contrast. 

29. The Tamworth Ring 

13804 Tamworth Old European Diamond Engagement Ring

Price: $5,000

The sophisticated Tamworth Ring is filled with eye-catching details. It centers a 0.77-carat old European-cut diamond. Small diamonds surround the center stone and stretch along the shoulders, the undergallery, and the visible part of the shank. Fine milgrain and intricate hand engravings decorate the entire ring. 

30. The Fleetwood Ring

13792 Fleetwood Asscher Cut Sapphire Halo Diamond Engagement Rings for under $5,000

Price: $5,000

Surprise your future bride with this lovely Fleetwood Ring that combines sapphires and diamonds. The ring’s center stone is an Asscher-cut diamond weighing 0.50 carats. A row of gorgeous French-cut natural sapphires frame the center stone and create an effective contrast. Looking at the ring from the sides, you’ll see openwork in the undergallery that makes the ring beautiful from every angle. 

31. The Copenhagen Ring 

13864 Copenhagen Vintage Art Deco Engagement Ring for under $5,000

Price: $5,000

The platinum Copenhagen Ring is an Art Deco-era original and was handcrafted around 1930. It displays an old European-cut diamond weighing around 0.90 carats in the center. Pave-set single-cut diamonds that graduate toward the center stone flank the shoulders and connect to a diamond halo. This is a great choice if you’re looking for vintage engagement rings under $5,000.

32. The Palmetto Ring 

1940s Vintage Engagement Rings

Price: $5,000

The incredible bow tie shape of the Palmetto Ring is ideal for those who love bold, unusual jewelry. It features a nearly colorless transitional-cut diamond that weighs 0.80 carats as the center stone. Baguette-cut diamonds adorn the shoulders, creating a bow tie shape, while the sides of the shoulders are decorated with additional single-cut diamonds. 

33. The Arcadia Ring 

13909 Arcadia Ring

Price: $5,000

All eyes will be on the beautiful 1.01-carat natural emerald, the Arcadia Ring’s center stone. A row of baguette-cut diamonds wraps around the gemstone, highlighting its deep saturation, and connects to diamond-adorned shoulders. The entire ring is handcrafted in platinum. 

34. The Pacific Ring

13834 Pacific Ring

Price: $5,200 

Another of our excellent engagement rings under $5,000 is this Pacific Ring that showcases a 0.52-carat emerald cut diamond as the center stone. Natural French cut sapphires weighing approximately 0.66 carats form a halo around the center stone and create an effective contrast. One diamond on each shoulder connects the halo to the triple-wire shank. 

35. The Malta Ring

13052 Malta Ring

Price: $5,200

The Malta Ring is another example of a gorgeous combination of diamonds and 18k yellow gold. Here, the center stone is a 0.63-carat cushion-cut diamond with a high color grade. Small pave-set old European diamonds surround the center stone and accent the shoulders. Fine milgrain is the finishing touch that complements the ring’s style. 

36. The Braganca Ring 

13046 Braganca Ring

Price: $5,200 

The Braganca Ring displays a 0.52-carat emerald-cut diamond as the center stone, whose sparkle is highlighted by a double halo, one of natural rubies and the other diamonds. The shoulders feature additional diamonds that serve as a bridge between the halo and the triple-wire shank. 

37. The Covina Ring

13284 Artistic Diamond Engagement Rings with Prongs for under $5,000

Price: $5,900 

The Covina Ring is the definition of simple yet elegant. The ring’s center stone is a nearly colorless 0.90-carat old European-cut diamond. Small diamonds decorate the undergallery and stretch along the shoulders and the visible part of the shank. 

38. The Tivoli Ring 

13524 Tivoli Engagement Rings for under $5,000

Price: $6,000 

The Tivoli Ring’s center stone is an emerald-cut diamond that weighs 0.71 carats and has a high color grade. Small old European diamonds border the center stone, forming a halo. Additional diamonds are found along the shoulders, revealing a triple-wire shank and openwork in the undergallery. 

39. The Milton Ring

13648 Milton Art Deco Vintage 0.90 carat Diamond Engagement Rings for under $5,000

Price: $6,000 

The Milton Ring dates from the Art Deco era and was handcrafted around 1930. It centers a 0.90-carat old European-cut diamond. Sections of single-cut diamonds wrap around the center stone, forming a floral pattern. 

40. The Highbridge Ring

13666 Highbridge Vintage Art Deco Diamond Ring under $5,000

Price: $6,500 

The last on our list of engagement rings under $5,000 is the Highbridge Ring. This is another Art Deco-era ring with an interesting shape and details. It showcases a 0.93-carat old European diamond as the center stone. The dome-shaped mounting features intricate hand engravings that can also be found in the undergallery of this platinum ring. 

7 Tips and Tricks for Buying Engagements Rings for Under $5,000

Shopping tips for buying engagement rings under $5,000

When looking for engagement rings for under $5,000, here’s a few shopping tips to keep in mind that’ll help you get the best deal possible.

  • Get quotes from several jewelers.
  • Be sure to only work with reputable, experienced jewelers. 
  • Pay attention to the cut; some cuts offer more brilliance and sparkle than others. 
  • Consider your intended’s taste.
  • The four Cs (cut, clarity, color, and carat) are important, but you shouldn’t stress about them. Choose a ring that looks good when you look at it. 
  • Take your time to find the perfect ring.
  • Consider the setting; for example, pave diamonds that are set close together can create an optical illusion of a bigger gemstone. 

Talk to an Engagement Ring Expert 

Afshin in Estate Diamond Jewelry 5th ave NYC showroom with customer

Purchasing an engagement ring can be overwhelming because you need to consider many factors. When you have a limited budget, you may feel even more stressed. Fortunately, with a $5,000 budget, you can choose from a wide range of options. 

We hope this list of the top 40 diamond engagement rings for under $5,000 has helped you find the perfect one. If that’s not the case, Estate Diamond Jewelry is at your disposal. Our team of experienced jewelers can introduce you to our large selection of engagement rings and help you make an informed decision. 

Contact us to schedule a showroom or online appointment.