The Cheap Engagement Rings Guide
  • Home
  • Buying guides
    • 10 things you need to know when shopping for cheap engagement rings online
    • 7 ways to save money on engagement rings
    • Frequently asked questions about engagement rings
    • Where to buy conflict free diamonds, ethical engagement rings and non blood diamonds
    • The beginners guide to gemstones for engagement rings
  • Top 10
    • 10 of the best places to buy cheap engagement rings for under £1000, £500 or £100
    • 10 Best Places To Buy Cheap Mens Wedding Rings In Gold, Silver, Platinum or Palladium
    • 10 of the best engagement rings
    • Expensive Engagement Rings - 10 Of The Best Places To Buy Top Quality Diamond Rings
    • Amazon engagement rings
    • Unusual engagement rings
  • Shop by budget
    • Second Hand Diamond Rings
    • Cheap Engagement Rings Under £50
    • Cheap Engagement Rings Under £100
    • Cheap Engagement Rings Under £200
    • Cheap Engagement Rings Under £300
    • Engagement Rings Under £500
    • Engagement Rings Under £1000
    • Our Top 5 Places To Buy Engagement Rings Under £500
  • Shop by diamond carat
    • The UKs 25 Cheapest 0.25 Carat Diamond Engagement Rings
    • 1 carat diamond engagement ring price test
    • How much does a 2 carat diamond ring cost?
  • Cheap weddings
  • Blog
  • About us
    • About/disclaimer
    • Privacy policy
    • Press/PR
This site uses cookies - see our privacy policy. Ads & links in bold may give us a small payment from the seller, at no cost to the buyer. However, this never affects our views - if we like it, we recommend it.

Our Top 5 Places To Buy Engagement Rings Under £500

​
You can easily spend thousands of pounds on an engagement ring, but a budget of £500 pounds still gives you a few options. Here’s our top 5 places to buy cheap engagement rings under £500:

1. Amazon Jewellery

Amazon work on tiny margins, meaning that their engagement ring range is pretty reasonably priced compared to a lot of the big name jewellers. My advice is to narrow down your search so that you are buying direct from Amazon, otherwise you end up with a baffling range of jewellery from dozens of third party ‘marketplace’ sellers. With a budget of £500 you could expect to pick up an engagement ring from Amazon with a weight of up to 0.50 carat (1/2 carat).

My main frustration is that there often isn’t a huge amount of detail in the descriptions for diamond engagement rings on Amazon (such as details on the diamond’s cut, clarity and colour), although their returns policy is generous.

2. eBay 

“Will you marry me? – The ring’s from eBay”. Perhaps not the best words for your proposal, but if you don’t mind buying a second hand engagement ring then your £500 goes much further on eBay than it does on a new ring. There are, of course, thousands of retailers selling new engagement rings through eBay but the real bargains are in the private second hand market. 

I’ve seen diamond engagement rings which were originally sold for £1500 to £2000 by Beaverbrooks, Goldsmiths, Tiffany and Co and H Samuel selling for under £500 on eBay. Many of them are only worn for a few days or weeks, leaving some poor chap with a big hole in his pocket…

My advice? Pay a little bit more to buy a ring which was originally purchased from a retailer you’ve heard of and which has paperwork. If they’ve still got the receipt and a grading certificate it’s a fair sign that they’ve looked after it and are a trustworthy seller.

3. Argos

I've noticed a bit of snobbery online about Argos jewellery, but their prices are genuinely very low, particularly when there's a sale on. Argos rings tend to be lower grade, but are a good size (or weight if we're being pedantic, as that's what the carat rating refers to). If you are marrying a jeweller then you might want to buy something higher grade, but if not then you'll find that Argos is a good option.

For example, I've seen 0.5 carat diamond engagement rings selling for as little as £450 on Argos.

Take note though, Argos's generous returns policy isn't quite as flexible if you are purchasing jewellery. Obviously they are very good if something is faulty though.

4. SuperJeweler

Number four on our list of the top places to buy engagement rings for under £500 is a name that you might not have heard of. SuperJeweler is bigger in the USA, but does deliver to the UK for free and has a UK customer services helpline.

I've seen 0.5 carat diamond engagement rings selling for under £450 - you won't see a price like that in the high street!

A rummage through the SuperJeweler Clearance section is particularly satisfying, and feels much like the bargain bins that they used to have in Woolworths (keep digging and you might just find a copy of What's the Story Morning Glory on Cassette for £1.99).

​(Please note, s
ome 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).

5. QP Jewellers 

This little gem (pun intended) is based in the North East and makes our top 5 places to buy engagement rings under £500 because of a) its low prices and b) its easy to use website. For under £500 you can expect to pick up nice 0.30 carat diamond engagement ring. 

QP Jewellers also offer a certificate of authenticity and a lifetime guarantee - hopefully to match the length of your marriage!

Related pages from the Cheap Engagement Rings Guide:


Cheap rings

Cheap engagement rings under £100

Wedding flowers

Cheap engagement rings under £200

Wedding ring hands

Cheap engagement rings under £300

Top ten sign

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

Wedding vows

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

Marry me

About the guide to buying cheap 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

Shop by budget

£50 rings
£100 rings
£200 rings
£300 rings
£500 rings
£1000 rings

Shop by carat

0.25 carat
1 carat
2 carat

About

About us
Press/PR
Blog
​Privacy policy
​Disclaimer
As an Amazon Associate we earn from qualifying purchases. However, we maintain full editorial control and only recommend based on merit rather than whether they offer commission.
​© COPYRIGHT 2022. ALL RIGHTS RESERVED.