Top 10 Best Cheap Diamond Rings | 2020 Reviews (Blue Nile)

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Buying a diamond ring can be a stressful shopping experience, especially if you’re looking for something that fits within your budget range. You may even hear rumors that a diamond ring is equivalent to more than three month’s salary. Such a statement is completely false, especially if it came from someone who doesn’t believe buying cheap diamond rings is a reasonable approach.   

That is why more people are waiting to get married later, considering the skyrocketing prices of diamond rings in brick-and-mortar jewelry stores. The good news is that cheap and discounted diamond rings exist, which can be just as stunning as luxury jewelry. You just need to find the right online diamond dealer that offers affordable diamond rings. 

This article is the ultimate guide for every budget-minded diamond ring buyer. Here, you will find the cheapest selections from the top online diamond ring vendors: Blue Nile and James Allen. It will also include an in-depth product review and a buyer’s guide to help you become a smarter shopper. You may be surprised at how a substantial number of quality diamond rings come at a much affordable price.                                   

Before you start your journey on finding the best cheap diamond rings, read on and take a look at the following diamond rings for sale.

Top 10 Best Cheap Diamond Rings Reviewed

  1. Twist Solitaire Engagement Ring by Blue Nile – Best Overall
  2. Gold Deep V Diamond Ring by James Allen – Best Value
  3. Mini Diamond Beaded Three Stackable Fashion Ring by Blue Nile – Editor’s Choice
  4. Diamond Starburst Signet Ring by James Allen
  5. Ultra Mini Diamond Pave Open Stackable Fashion Ring by Blue Nile
  6. Open Circle Diamond Ring by James Allen
  7. Mini Baguette-Cut Diamond Fashion Ring by Blue Nile
  8. Peeking Diamond Ring by James Allen
  9. Diamond Chevron Stackable Fashion Ring by Blue Nile
  10. Asymmetric Rebel Hearts Pave Diamond Bar Ring by James Allen

#1. Twist Solitaire Engagement Ring by Blue Nile – Best Overall

Twist Solitaire Engagement Ring by Blue Nile 



  • Metal: 14k yellow gold
  • Width: 1.2 mm
  • Number of Diamonds: 10
  • Carat Weight: 0.04

Capture your everlasting love with the Twisted Halo Diamond Engagement Ring, a classic ring with a twist. This ring features a 14k white gold band in a delicate twist of pavé-set diamonds that will perfectly complement the center diamond of your choice. 

With a combination of pavé-set diamonds in a halo setting, this ring will certainly captivate women who are fond of feminine and timeless pieces. This ring has a starting price of only $420 for the setting in 14k white gold. 

Very cheap engagement ring in Blue NileThe available size is from 6.5 to 7.5 only.
Can be resized

#2. Gold Deep V Diamond Ring by James Allen – Best Value

Gold Deep V Diamond Ring by James Allen



  • Metal: 14k white gold
  • Width: 1.3 mm
  • Number of Diamonds: 21 
  • Carat Weight: 0.17

Add a touch of romance to your jewelry collection with the Deep V Diamond Ring from Blue Nile. This ring has a captivating deep V diamond ring design, creating a stunning frame that adds sparkle to your everyday accessory.  

You can get this ring for only $430, a value-priced piece for those who want a simple yet elegant diamond ring. You can wear this as a stackable ring with other elaborate fashion bands.  

The cheapest fine diamond ring in James Allen
Includes noticeable inclusions
Unique solitaire design

#3. Mini Diamond Beaded Three Stackable Fashion Ring by Blue Nile – Editor’s Choice

Mini Diamond Beaded Three Stackable Fashion Ring by Blue Nile



  • Metal: 14k white gold
  • Height: 1.2 mm
  • Width: 1.5 mm
  • Number of Diamonds: 3
  • Carat Weight: 0.05

Introducing the most budget-friendly diamond ring from Blue Nile, the Mini Diamond Beaded Three Stackable Fashion Ring. Despite its cheap price, this ring offers three times the sparkle. It includes three tiny round diamonds set in a beaded-style band of 14k white gold. 

Due to its thin band, you can wear this ring as a fashionable ring stack instead of a standalone diamond ring. You can get this ring in 14k rose gold, which gives a more stylish touch. 

Special price at 30% discount
Includes eye-visible scratches
Dainty and petite looking
Stackable and classy

#4. Diamond Starburst Signet Ring by James Allen

Diamond Starburst Signet Ring by James Allen



  • Metal: 14k yellow gold
  • Width: 1.73 mm
  • Number of Diamonds: 1
  • Carat Weight: 0.03

Shine bright with the Diamond Starburst Signet Ring, a unique diamond starburst signet ring, which offers a perfect balance between bold and subtlety. This ring is the perfect jewelry piece for ladies who can’t get enough of the traditional yellow gold band.

This James Allen ring has a tiny round diamond on its center with a total carat weight of 0.03. At $440, you get a fashionable ring that is equally unique and feminine. 

Affordable fine jewelry in white goldSingle diamond only
Unique fashion ring

#5. Ultra Mini Diamond Pave Open Stackable Fashion Ring by Blue Nile

Ultra Mini Diamond Pave Open Stackable Fashion Ring by Blue Nile



  • Metal: 14k white gold
  • Height: 1.5 mm
  • Width: 1.3 mm
  • Number of Diamonds: 11
  • Carat Weight: 0.07

Distinct and delicate in style, the Ultra Mini Diamond Pave Open Stackable Fashion Ring is one of the best cheap rings for teenage girls. It features an open design in a 14k white gold band. It showcases ten pavé-set diamonds on one side and a single round-cut diamond on the other. 

You can wear this as a stackable ring with any elaborate fashion ring with a large center stone or a vintage halo design. Blue Nile offers this ring for only $200 for a special holiday promo from its original price of $250. 

Perfect petite ringThe gap needs to be a bit narrower for a more feminine look.
Stackable ring

#6.  Open Circle Diamond Ring by James Allen

Open Circle Diamond Ring by James Allen



  • Metal: 14k white gold
  • Width: 1.1 mm
  • Number of Diamonds: 28
  • Carat Weight: 0.08

Simple and elegant, the Open Circle Diamond Ring is a petite diamond band featuring a delicate open circle of round diamonds on a 14k white gold band. It’s clean and modern design makes it a fine addition to your jewelry box.

This diamond ring is one of the stylish pieces on this list, with over 28 diamonds in its setting. You can pair it with a pavé-set diamond ring that will surely catch everyone’s attention. 

Plenty of diamond details
Bands are too thin
A very simple and delicate piece

#7. Mini Baguette-Cut Diamond Fashion Ring by Blue Nile

Mini Baguette-Cut Diamond Fashion Ring by Blue Nile


  • Metal: 14k yellow gold
  • Height: 1.55 mm
  • Width: 1.0 mm
  • Number of Diamonds: 1
  • Carat Weight: 0.07 

Show off your elegantly simple fashion sense with the Mini Baguette-Cut Diamond Fashion Ring from Blue Nile. This sophisticated piece comes with a bezel-set mini baguette-cut diamond in a thin stackable band of 14k yellow gold. It gives off a lovely sparkling accent to your finger when paired with other stackable diamond rings. 

You can get this for only $209 for a special holiday discount. Blue Nile offers this ring in 14k rose, white, and yellow gold. If you’re looking for cute cheap rings, this piece is a fitting choice. 

Baguette-style diamond ringSub-par diamond cut
Subtle and classy look

#8. Peeking Diamond Ring by James Allen

Peeking Diamond Ring by James Allen



  • Metal: 14k yellow gold
  • Width: 2 mm
  • Number of Diamonds: 1
  • Carat Weight: 0.10

The Peeking Diamond Ring is the perfect piece that will complete your fine jewelry collection. It features an off-center diamond that peeks out of its yellow gold shank for a unique look. You can pair this ring with your favorite stackable diamond or gemstone rings for a more stylish impression.

This ring is only available in a 14k yellow gold band with a single round diamond on its center. It looks best on women who prefer a no-frills fashion ring..

Off-center diamond gives a unique look
The diamond detail is too tiny.

#9. Diamond Chevron Stackable Fashion Ring by Blue Nile

Diamond Chevron Stackable Fashion Ring by Blue Nile



  • Metal: 14k rose gold
  • Height: 1.5 mm
  • Width: 1.3 mm
  • Number of Diamonds: 17 
  • Carat Weight: 0.10

Beautifully forged in a 14k rose gold band, the Diamond Chevron Stackable Fashion Ring will certainly capture everyone’s attention with its chevron-shaped band. It features pavé-set diamonds that will add sparkle and warmth to any fashionable ring stack. You can also wear it on your own for a simple yet elegant look.  

Blue Nile offers this ring in 14k rose gold, yellow gold, and white gold. You may want to settle for the rose gold metal since it is an on-trend style for diamond fashion rings these days.

Comes with an extra punch of sparkleVery thin band
Available at a discounted price
Petite and very feminine

#10. Asymmetric Rebel Hearts Pave Diamond Bar Ring by James Allen

Asymmetric Rebel Hearts Pave Diamond Bar Ring by James Allen



  • Metal: 14k rose gold
  • Width: 1.5 mm
  • Number of Diamonds: 11
  • Carat Weight: 0.08

Girls who are completely obsessed with fashion rings will surely fall in love with the Asymmetric Rebel Hearts Pavé Diamond Bar Ring from James Allen. This modern geometric diamond ring comes with pavé set diamonds in contrasting bars of brushed rose gold. 

This diamond ring comes with 11 round diamonds with a total carat weight of 0.08. It is the perfect jewelry piece both for everyday wear and special occasions.

Unique geometric pattern
Ring catches on to stuff due to the stuck-out diamond detail.
Brushed gold finish
Not available for size 8
Lifetime warranty

Top Pick for Best Cheap Diamond Rings: Twist Solitaire Engagement Ring by Blue Nile

Having discovered all the cheap and stylish pieces from two of the top online diamond dealers, you might be considering which one perfectly matches your style and budget. If you want to get the best value for your money, you should consider getting the Twisted Halo Diamond Engagement Ring from Blue Nile.

This charming, effortlessly elegant twist solitaire ring from Blue Nile features an elegant drape of pavé-set diamonds surrounding a large center stone in a 14k white gold twisting shank. It comes in a wide range of metals, including 14k white, rose, yellow gold, and platinum. 

This timeless halo diamond ring is the perfect choice if you’re looking for a jewelry piece with an elegant design of pavé-set diamonds and the contemporary look of a halo diamond ring. It looks best on women who embody sophistication and elegant simplicity. 

This ring has a starting price of $1,590 for its 14k white gold band. The price may slightly increase depending on your chosen diamond setting. 

While it may be overwhelming at first when thinking about your diamond ring purchase, you can find several ways to make an affordable and less overwhelming purchase. In the end, shopping on a budget does not mean settling for a cheaper quality diamond with lesser metal. All you need is a trusted online diamond dealer that offers the best quality and price. 

Best Brands for Cheap Diamond Rings

Finding the most value-priced diamond ring can be an exciting and special time, especially if you buy from a trusted and reliable online dealer. Highly recommended online diamond sellers, such as Blue Nile and James Allen, guarantees a less stressful and smoother purchase process. They also provide high-quality rings at the best value and price. Get to know them by reading below.

Blue Nile

Blue Nile is known as one of the leading online dealers of diamonds and fine jewelry. Mark Vadon, Blue Nile’s founder and executive chairman, started the company in 1999, following his frustrating search for an engagement ring. Mark recognized that several customers are often overwhelmed and intimidated by traditional jewelry shopping. From there, he acquired Internet Diamonds and built his jewelry brand called Blue Nile.

The company was built on the premise of transforming consumers’ shopping experience by providing high-quality products with the best price and compelling values. Today, Blue Nile offers unique online tools and comprehensive information materials, allowing customers to control their jewelry shopping.

Blue Nile has thousands of independently certified diamonds and fine jewelry at competitive prices below traditional retail. They also offer pieces with quality standards and unique designs.

James Allen

Since 2006, James Allen has completely transformed the way customers shop for jewelry online. The company was initially known as DirtCheapDiamonds, one of the first successful online diamond dealers, formerly led by a husband and wife team in 1998.

 By 2005, the small online store underwent a major rebranding with the new company name called James Allen. With its new sophisticated image, the company quickly transformed into one of the largest online diamond and jewelry retailers worldwide. Their main mission is to provide consumers the largest online selection of high-quality diamonds at the best price.

Today, James Allen is best known for its 360° Diamond Display Technology, where they exhibit more than 200,000 conflict-free diamonds in a highly magnified image. They are also known for providing hundreds of customizable jewelry styles and real-time diamond inspection services.

Features to Consider When Buying Cheap Diamond Rings (Buyer’s Guide)

Whether you already have initial ideas or starting from scratch, knowing the key features will help you select the right diamond, setting, and jewelry style for your ring. This guide will discuss how you can get the best value and price when buying a cheap engagement ring without sacrificing its fine quality. This way, you get a sweeter response from your loved one once you pop that jewelry box.

Here are the tips to help you bag the cheapest diamond ring with great confidence.


When setting a budget for diamond rings, you may often hear the advice that you should save at least two or three months of salary to afford one. You might have read diamond ring price guides that come with sky-high estimates for how much a decent diamond ring should cost.

It is recommended that you do not follow certain rules and rumors regarding diamond ring prices as they are gimmicks created by diamond sellers and marketers. Instead, you should set a fixed budget by checking your financial situation along with any specific preferences.

When purchasing cheaper diamond rings, you should opt for a smarter decision to reduce your financial stress and anxiety rather than following rumors or outdated rules.


The second step in finding a diamond ring is to take into account your style preference. If you are proposing to your partner, consider their style and tastes. You can look at the kind of jewelry styles they often wear. Are the pieces mostly made of yellow or white gold? Does he or she prefer modern or vintage-inspired designs?

The choice of clothing and accessories will also help you gain insight. What your partner usually wear will give you an idea of the type of ring your partner wants. For example, if she often dons a floral vintage dress, she will probably like ornate halo diamond rings. Ladies with a sharp and sleek style will certainly love a platinum beveled ring. 

You can also consult your fiancé-to-be’s family and close friends by knowing your fiancé’s shared desires and preferences.  


When designing a diamond ring, the first step is to pick the diamond shape. Besides the latest trends, knowing the wearer’s preference is also a main consideration. From heart-shaped to oval styles, you may be surprised by the different styles available for every personality.

Some of the classic and well-known styles are round brilliant solitaire rings, cushion-cut pavé band, and pear-shaped rings. Those who consider the size appearance may opt for a large shape like emerald-cut or marquise-cut diamond. These cuts showcase size than other diamond cuts with similar carat weight.

The shape will also dictate the setting style. You must ensure the diamond remains secure in its setting and won’t likely chip off, especially with heart-shaped diamonds with a sharp tip.

4 Cs

Keep in mind that diamonds significantly differ when it comes to beauty and quality. Understanding the basic four Cs, including the cut, color, clarity, and carat, will help you form an educated decision for your purchase.


A diamond’s brilliance and fire depend on its sparkle, which is its most eye-catching feature. That’s why it is highly recommended to spend more on cut quality than other characteristics. 

Avoid diamonds with shallow and deep cuts. Shallow cut diamonds allow the light to hits its pavilion at a low angle. The light passes through the sides instead of reflecting from the table to your eyes. Meanwhile, a diamond with a deep cut has a dulled light because of its sharp reflection angle, causing the diamond to be less radiant.


You have four main choices when deciding on your setting metal, white gold, yellow gold, rose gold, and platinum. As much as possible, stick to the color that complement’s your partner’s style. She will certainly love the white gold band if she likes to wear silver jewelry. For those who prefer vibrant colors, a rose gold ring would be a better choice.

A more common pick is to choose white gold over platinum. White gold looks relatively identical to platinum, which you can get at a less expensive price. Plus, it requires less cleaning and upkeep than platinum.

When choosing between 14k and 18k gold, remember that the main difference lies in their alloy composition. A 14k gold has 58.3% gold, while 18k gold has 75% gold. Other jewelry pieces are mixed with other metals to be more durable.

14k gold is the well-known metal for engagement or wedding rings since it is cheaper than the 18k but just as beautiful and slightly durable. Still, the decision depends on your choice. 


From the simple elegance of a solitaire ring to a vintage ring’s elaborate features, diamonds come in various settings to match different personalities. Women involved in a hands-on job or an active lifestyle should consider a flush or bezel setting since the diamond doesn’t protrude as much as other styles. Meanwhile, those who prefer a one-of-a-kind ring should opt for a distinct and custom diamond ring. 

Jewelry Store

Online diamond dealers like Blue Nile and James Allen offer the best selection and value for their diamond rings. Not only are they reputable and trustworthy, but they also boast of some of the best diamond ring inventory worldwide. If you opt for a local jeweler, keep in mind that they are 20% to 100% more expensive than trusted online dealers. Plus, you will also find the best value diamond rings online, instead of local jewelry stores.

As much possible, always consider getting your diamond ring from a reliable online diamond vendor since they offer much better deals and a larger selection of diamond ring settings. If you’re skeptical about buying a ring online, James Allen and Blue Nile offer no-hassle return policies and allow you to view their selections up close before the actual purchase.


Before settling down on your final pick, take the time to perform some comparisons. This way, you get to be more confident with your purchase that suits well within your preference and budget range. It would be better to spend two to three months on your search. It will give you enough time to find the right dealer, narrow your options, order a custom piece, and have it made and shipped. It can also allow you to study the subtle differences among ring styles and stones that you will feel more confident to buy. 


If you end up buying a wrong fitting ring, it will be harder for the wearer to feel that it’s the right ring. Also, an incorrect size means that you are bound to undergo a grueling process of sending the ring back for resizing, which can take days and weeks, depending on your chosen style. Worse, you might encounter delicate ring styles that don’t allow resizing.

Blue Nile and James Allen have diamond consultants to ask for recommendations on how to figure out the ring size.


You don’t have to buy a pre-made setting or a newly mined diamond that comes with an expensive price. You can purchase a genuine diamond ring by buying recycled diamonds or custom settings. Recycled diamonds are eco-friendly diamonds that are previously owned, while custom settings are offered by online dealers available at budget-friendly prices.

Those who truly want a personalized ring may opt for colored diamonds or gemstone. Yellow-colored diamond rings are incredibly stunning and unique, while a sapphire halo diamond ring certainly stands out among the crowd.


It is advisable for diamond buyers to always ask for a diamond lab certification when buying an authentic diamond ring. The certificate will let you know that the diamond embodies all the characteristics (4 Cs) based on its advertisement.

The most reliable diamond laboratories in the jewelry industry are the AGS and GIA. Both of these institutions provide reliable, consistent, and accurate diamond gradings. Having a certificate from AGS or GIA certifies that the diamond you’re buying is indeed the same one your vendor is selling you. Also, avoid certificates that come from IGI and EGL and diamonds without certification at all.


it is easy to understand the success behind buying jewelry online. Diamond retailers provide a smoother shopping experience by providing quality diamond selections at a much lower cost.

With all the incredible selections of affordable diamond rings, this buying guide hails the Twist Solitaire Engagement Ring from Blue Nile as the best cheap diamond ring. This twisted rope solitaire diamond ring is crafted from 14k white gold that combines unique texture and playful design for a genuine classic piece with a solid twist.

Equally eye-catching and contemporary, this unique diamond ring offers a nice twist on the traditional solitaire setting. It is the perfect setting if you want a diamond that embodies a solitaire engagement ring’s stunning simplicity with a more on-trend look.  

Buying a diamond ring shouldn’t be a tough process. As long as you apply the tips given above, you can find a completely affordable diamond ring based on what you’re looking for without getting into traps by the most common pitfalls.

FAQs (Frequently Asked Questions)

How much should I spend on a diamond ring?

The majority of rumors you have heard about a diamond ring’s expensive price probably came from diamond marketers who want to get a big incentive by encouraging buyers to spend a sizeable amount of money. In truth, there is no fixed agreement on how much people are willing to spend on rings, but research suggests that people spend on diamonds with a starting price of $1,500 to $2,000. 

If you are really on a budget, you don’t need to spend so much on those expensive pieces. Blue Nile and James Allen offer affordable pieces as cheap as $500. As much as possible, decide on what you can afford. There are plenty of shortcuts to follow to save money on diamond rings, such as ready-made settings and recycled diamonds. 

Should I buy a diamond ring online or from a luxury jewelry shop?

There are plenty of reasons why you might want to purchase a diamond ring from an online diamond dealer. Those with established reputations offer the convenience of having your ring polished and resized. They also provide helpful advice based on your budget and preference.

The main benefit of buying online is that you will find a massive selection of diamond rings at lower prices. They also have enough selections for those who want a bigger range of diamonds. Several online dealers, such as Blue Nile and James Allen, utilizes a user-friendly interface on their websites for a smooth online jewelry shopping experience. They also use high-tech imagery and real-time diamond inspection, allowing you to check the diamond ring you plan to buy.

The reason why buying online is cheaper is that they have lower overhead costs without maintaining an in-house inventory. They also offer discount codes on your favorite styles.

Should I buy a gold or platinum ring?

For those looking for a cheap silver colored diamond ring, a rhodium-plated white gold ring is a great choice. Platinum is a rare and expensive choice than gold, as it doesn’t lose its shine easily than white gold. However, you can opt for a replating if you want to maintain the white gold coat, which may not be a practical option if you have it replated several times.

Most jewelers suggest that wedding and engagement rings should be made from the same material to avoid hard and soft metals from rubbing each other. So, if you buy an expensive platinum engagement ring, you will likely end up getting an equally expensive platinum wedding band. 

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