The Cheap Engagement Rings Guide
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Best Places To Buy Engagement Rings Under £1000

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A budget of £1000 gives you a lot of options for an engagement ring. Of course, you can spend a whole lot more if you want to (I personally wouldn't), but if you shop online or choose the cheaper diamond engagement ring retailers then it's certainly enough.

According to various statistics, it is below the average (which is somewhere between £1200 and £1800) but quite frankly many people naively walk into a jewellers without doing any research so don't get the best deal.

Here's our guide to buying a diamond engagement ring on a budget of £1000 pounds.

Buying second hand engagement rings under £1000

If you want your money to go further, buying your engagement ring second hand is the obvious option. Diamonds plummet in price, even if they've only been worn for a few hours, seemingly because a) diamonds have a substantial mark up and b) people are superstitious about used jewellery.

If your budget was lower - perhaps £300 or £500 then I might lean towards buying second hand, but with a budget of £1000 it is probably worth seeing what you can get new first.

If you search for diamond engagement rings under £1000 on eBay you'll see that you can get yourself a diamond with a weight of more than 1 carat, or if you want something that is made by Tiffany (which pushes the price up) then you could expect to get something nearer to 0.50 carat. Another online seller for second hand engagement rings is Etsy. Search for Etsy diamond engagement rings under £1000.

Buying new engagement rings under £1000

If I was working for a budget of £1000, I'd probably go for a new diamond engagement engagement ring and buy online.

£1000 won't get you a great deal in a lot of jewellers (I had a rather disappointing trip to Hatton Garden when I was searching) but it does go a long way online.

Here are a selection of the best value online engagement ring sellers, with an idea of what you can get for £1000 pounds (as of November 2021):
  • Amazon (up to 0.25 carat for £1062)
  • QP Jewellers (up to 0.75 carat for £998)
  • Diamond Heaven (up to 0.30 carat for £933.50)
  • Beaverbrooks (up to 0.20 carat for £1100)
  • Littlewoods (0.50 carat for £953)
  • Jewellery World (0.47 carat for £795)
  • Purely Diamonds (0.40 carat for £1080)
  • Diamonds Factory (0.30 carat for £968)
  • H Samuel (0.40 carat for £999)
  • Goldsmiths (0.40 carat for £950)
  • F Hinds (0.40 carat for £999)
  • Ernest Jones (0.33 carat for £999)
  • Aspire Diamonds (0.30 carat for £1009)
  • TH Baker (0.33 carat for £995)​
  • Albone Jewellers (eBay store - 0.40 carat for £795)
(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).

Our conclusion

Don't believe the hype - £1000 is a perfectly generous budget for a diamond engagement ring. Some people will try to tell you that you need to spend a month or two's salary, but you don't. Spend what you can afford, rather than what you feel you need to.

If you would rather spend less than £1000, take a look at our guides to spending £500 or £300.

Related pages from the Cheap Engagement Rings Guide:

Number 10

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

Ring shop

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

Twin wedding rings

Best places to buy engagement rings under £500


Silver engagement ring

The UK's 25 cheapest diamond engagement rings

Big diamond

1 carat diamond engagement ring price test

Unusual engagement 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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