How much does a 3 carat engagement ring cost? This is a question with many answers, and here’s one. A James Allen shopper chose their Platinum Pave Setting with a 3.09 carat J SI2 Excellent cut round diamond for a total price of $28,470 and total carat size – including setting stones – of 3.41ct.
Gorgeous, right? And possibly a ringer for Jamie Lynn Spears’ popular engagement ring that set the internet on fire a few years ago. If this is the look you must have, let me show you how to shave down the price just a bit.
Let’s start with the setting. In platinum, as shown this setting will cost you $1100. Choose 14kt white gold (or even a more current 14kt rose gold look) and that setting price drops down to $830.
As for the diamond – the number one price saver when it comes to larger diamonds is to buy slightly below the carat size vs above it. Since many shoppers are looking for a 3 carat diamond, those who can deal with one that is 2.90 carats can usually find the better deal.
Take a look at this 2.90 carat J, SI2 Excellent Cut round diamond currently in stock at James Allen. At just under 3 carats, you’ll save at least $1,000 over diamonds with a carat weight just above 3 ct.
By choosing the diamond above and a 14kt white gold setting instead of platinum, this ring comes in at $22,800 and still has over 3 carats of combined diamond weight when you include the diamond in the pave setting.
Want to save more? Pick a cushion cut diamond instead of the more in-demand round shape. See this 3.02 ct cushion cut diamond priced at $18,850 and your entire ring price will stay under $20,000.
Want one more hack? Pay via wire transfer and James Allen will take 1.5% off the total price.
Now are you ready to buy? Click here to browse the selection at James Allen and talk to one of their diamond consultants in real time.