The Cheap Engagement Rings Guide
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Best Places To Buy Cheap Engagement Rings Under £200

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Finding an engagement ring for under 200 pounds is relatively easy nowadays (thanks largely to the world wide web) but you will need to compromise on quality, or buy second hand. It is only a fraction of the average diamond engagement ring price, but you can still get something with a nice sparkle to impress your future wife.

For those who can't be bothered to read the whole article... My conclusion is that with a budget of £200, you can just about get something new that won't look laughably small, or you can buy something second hand which looks pretty decent. 

If your budget is £100 then I'd say buying second hand is best, but at £200 a new ring just starts to become an option.

Buying second hand cheap engagement rings under £200

‘Used’ is such an unpleasant word to describe the ‘preloved’ market. After all, you wouldn't call Kate Middleton’s/The Duchess of Cambridge’s engagement ring ‘used’ just because Princess Diana once wore it.

If you’re willing to buy second hand, you should be able to pick up an engagement ring that retails new at somewhere between £500 - £1000 pounds for under £200. Diamond engagement rings lose value at a terrifying rate (until they become ‘vintage’ at which point the value picks up again) so there are bargains to be had.

On eBay you could expect to get a reasonable quality diamond engagement ring which retails for £500 pounds to £1000 pounds for under £200 pounds. For that money, you could get a second hand white gold engagement ring with a weight of between 0.25 carat (1/4) and 0.5 carat (1/2 carat) carat for under £200. My advice would be to look for one with a certificate which includes its grading so that you know what you are getting. 

Click to search for diamond engagement rings under £200 on eBay

An alternative to eBay is Etsy, which is known for vintage and handmade items, but also has a substantial selection of second hand engagement rings which are towards the cheaper end of the market.

Click to search for Etsy diamond engagement rings under £200

If you aren't sure on what to look for in a second hand diamond ring, then check out our guide to 10 things you need to know when shopping for a cheap engagement ring.

Buying new cheap engagement rings under £200

If the thought of buying an engagement ring second hand doesn’t appeal, then you will need to compromise to get something for under £200 pounds.

You aren’t going to get a large diamond, but here is an idea of what you might be able to get from a couple of the best value engagement ring sellers online (prices checked November 2021):

  • Amazon (up to 0.1) carat for £168)
  • SuperJeweler (up to 0.14 carat for £215)
  • Argos (up to 0.15 carat for £199)
  • QP Jewellers (up to 0.15 carat for £189)
  • The Jewellery Channel (up to 0.50 carat for £199)
  • Jewellery World (up to 0.10 carat for £195)
  • Littlewoods (0.10 carat for £215)

(Please note, some of the links on this site are affiliate links, but we include good deals regardless of whether they have the potential to earn money for the site or not).

Buying alternative gemstone engagement rings under £200

Another popular option is to break with tradition and choose an engagement ring which isn’t a diamond. This could either be an alternative precious gemstone or a faux diamond which still has a nice sparkle but isn’t as expensive as the real thing. 

Your money will go a lot further in terms of gemstone weight and you will often find that the ring incorporates a larger ruby, emerald or sapphire with a number of smaller diamonds. For example, at the time of writing (November 2021) you could afford:
  • 0.45 carat ruby engagement ring for £160
  • 1.2 carat emerald engagement ring for £200
  • 1.0 carat sapphire engagement ring for £200

Related pages from the Cheap Engagement Rings Guide:

Top 10 jewellers

The 10 best places to buy cheap engagement rings online for under £1000, £500 or £100

Diamond advert

10 things you need to know when looking for a cheap engagement ring

Proposal ring

Best places to buy engagement rings under £500


UK money

Cheap engagement rings under £100

Diamonds

Cheap engagement rings under £200

Wedding rings

Cheap engagement rings under £300


Quarter carat diamond

The UK's 25 cheapest diamond engagement rings

1 carat diamond

1 carat diamond engagement ring price test

Unique ring

The beginners' guide to gemstones for engagement rings

Buying Guides

Best retailers
Unusual rings
Beginners' guide
Saving money
Expensive rings
Wedding bands
Conflict-free
Gemstones
​Second hand
​Cheap weddings
​Diamond FAQ

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