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If you are planning to get engaged you have probably started adding up the costs of how much the wedding will cost – and the engagement ring. So, what is the average cost of an engagement ring in South Africa? Continue reading as we tell you how much you should spend on the symbol of your love. We will also give you some alternatives if a diamond ring is not for you.

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Diamond ring with princess cut diamond

What Is the Average Price of a 1-Carat Engagement Ring?

According to a survey of some South African jewellers methodically found that the average price of a 1,00ct H-I colour, Vs-Clarity diamond engagement ring in South Africa is R115 000. 

While the average price of an engagement ring varies across the world, it also depends on which jeweller you go to. Some jewellers may charge you more for the same quality ring, to make money.

View this diamond ring

Diamond ring with round diamond

What Is the Average Price of a 1-Carat Engagement Ring?

According to a survey of some South African jewellers methodically found that the average price of a 1,00ct H-I colour, Vs-Clarity diamond engagement ring in South Africa is R115 000. 

While the average price of an engagement ring varies across the world, it also depends on which jeweller you go to. Some jewellers may charge you more for the same quality ring, to make money.

Have a look at this diamond ring

How Much Do South Africans Spend on an Engagement Ring?

On average, South Africans tend to spend between R30,000 and R40,000 on their engagement rings. At the same time, almost 60% of South Africans will not pay more than R10,000 for an engagement ring, with the number of people willing to spend big money diminishing after R35,000. Very few would pay more than R60,000.

Consumers are more price-sensitive and aware of the controversy surrounding the diamond trade, so couples find new ways to symbolise their unity. Many choose to spend money on practical purposes rather than an expensive engagement ring.

Options Instead of an Engagement Ring

If a diamond engagement ring is not for you, why not get your beloved an engagement bracelet, a nice watch, or even a pair of earrings to symbolise your unity?

If you cannot find “your” piece of jewellery, our experts are happy to help you design your own with our tailor-made service.

Contact our experts

Frequently asked Questions

What does a diamond cost?

The price of a diamond depends on many factors. First and foremost, the properties of the stone itself: weight, colour, purity and cut quality. Then there is also the diamond rate, which constantly fluctuates. Other factors that play a role are supply and demand on the world market, the economic situation, the market strategy of De Beers, etc. Thus, we can not give a concrete answer to the question, "what does a diamond cost?", but the fact remains that the diamond price shows a constant rise over the years.

Which engagement ring to choose?

You can't go wrong with giving an engagement ring with a solitaire brilliant (round diamond) of 1.00 carat. With its dazzling sparkle as a symbol of your love, this is the ultimate classic for a very good reason. Although there's nothing to prevent you going for a more personal touch like a trilogy ring with 3 diamonds, or a halo ring. And other cuts (especially the heart shape), or even a superbly coloured sapphire, ruby, or emerald as gemstone are also possibilities.

What different styles of diamond engagement ring settings does BAUNAT offer?

For engagement rings, different types of settings are possible. You can find BAUNAT’s most used ones below:
 
    1. The solitaire prong setting has one single diamond held in place by prongs, so it catches the most light.
    2. The pavé setting positions many diamonds in a row so closely that hardly any metal is visible, resulting in a brilliant shine.
    3. Channel setting is a method where diamonds are suspended between two rails of metal, called channels.
    4. The bezel setting is a traditional, labour-intensive technique where the metal surrounds the diamond and forms a frame around the stone.

    1. The Prong setting

    The solitaire prong setting has one single diamond that acts as the centrepiece of the ring. Claws position the centre diamond so it catches the most light. BAUNAT diamond engagement rings either have four or six claws. A setting with four claws makes the diamond appear more square-like while one with six claws makes it appear more round.

    The name ‘prong setting’ refers to the so-called ‘claws’. The prong setting is most commonly used for engagement rings worldwide. This setting is also suitable for almost all shapes of diamonds.

    The claws can be very thin or wider and can be finished in a round, square, or pointed shape. This depends on the design of the jewel and the style of each goldsmith.

    Order this white gold prong setting engagement ring today.

    The advantages of the prong setting:

    - The diamond catches the most light
    - The prongs are small, therefore a larger part of the diamond is visible
    - The diamond in the ring is easy to clean
    - Claws in white gold or platinum are barely visible on the white diamond 

     

    2. The pavé setting

    The term 'pavé setting' comes from the French language and translates as ‘paved’. The individual small diamonds in a pavé diamond ring resemble tiny paving stones, hence the name. In an engagement ring with a pavé setting, small diamonds are placed next to each other and fixed with small prongs that look like beads. These claws are worked out directly from the gathering point of the metal. This way, hardly any metal is visible.

    The advantages of pavé setting:

    - The many small prongs make the diamonds sparkle, although only small diamonds are used
    - The price of a ring with many smaller stones is considerably lower than a ring set with one big diamond

     

    3. The Channel setting

    Channel setting is a method where diamonds are suspended between two rails of metal, called channels. The diamond is put in place, and the metal on top is pushed down, tightening the diamond.

    This way, we create a continuous line of diamonds.

    Channel settings, together with pave settings, are commonly used for diamond alliance rings and wedding bands. At BAUNAT, most of our designs with channel settings have princess-cut diamonds, but we can also use round or baguette diamonds (tailor-made).

    Discover this channel set round diamond engagement ring.

    The advantages of the channel setting

    - Because the diamonds are placed next to each other, it gives the impression of continuous brilliance
    - The surface is very smooth
    - These rings can be combined with other ring designs easily

     

    4. The Bezel setting

    The bezel setting is a traditional, very labour-intensive goldsmith technique. The metal surrounds the diamond and forms a frame around the stone. There is another precious metal strip (frame), which supports the diamond in the socket. The bezel engagement ring setting is particularly well suited for round cut (brilliant) or oval diamonds.

    The advantages of the bezel setting

    - Because of the border of the precious metal, the diamond is protected against damage
    - The bezel is open at the bottom, creating a higher radiance and more fire
    - Because of the metal surrounding the diamond, it will appear larger than it actually is
    - Because of the fact that there are no prongs, this setting will not get stuck behind any clothing

    Choose your favorite setting with your BAUNAT ring.

    These are the most common setting methods. Of course, BAUNAT can also offer other types of settings in her tailor-made jewellery. Please contact info@baunat.com in case you are interested in a tailor-made jewel with a different diamond setting.

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