One of the most important choices you’ll make is picking out the right engagement ring. In a bad mood, it’s simple to forget about budgets and believe false stories about how much you should spend. There are a lot of people in Singapore who want to know how much an engagement ring costs. The answer is not what you might think.
This piece breaks down how much engagement rings in Singapore usually cost, what makes prices go up or down, and how you can make a choice that is both romantic and smart about money.
How Much Does a Ring Usually Cost in Singapore?
In Singapore, the average price of an engagement ring is between SGD 1,500 and SGD 6,000. However, high-end rings can easily cost more than SGD 10,000 or even SGD 20,000. That’s a big range. How do you know exactly where your ring fits in it?
Let’s look at the main factors that affect prices:
1. The 4Cs: Crown, Base, Color, and Carat
The 4Cs of a diamond have the most impact on its price. As an example:
- Carat: What makes a price different is the carat. With the other Cs, a 1-carat diamond can cost anywhere from SGD 5,000 to SGD 10,000.
- Cut: A diamond that is well cut sparkles more. Prices change a lot between grades “Good,” “Very Good,” and “Excellent.”
- Color: Most Singaporean buyers choose diamonds in the G–H group, which are almost colorless and look beautiful.
- Clarity: There are diamonds that are “Flawless,” but most buyers choose “VS1” or “VS2” clarity, which is a good compromise between beauty and price.
You don’t have to get the best grade in every area to get a beautiful ring; smart buyers know where to cut corners without losing beauty.
2. Setting for the ring and the type of metal
The setting of the ring also affects the end price, not just the diamond itself. The most expensive metal is platinum. White gold, yellow gold, and rose gold are the next most expensive. Most of the time, a simple solitaire setting costs less than an antique, halo, or pave design with extra diamonds.
Custom settings often cost more, but they let you make the ring fit your partner’s style, which makes the gift even more important.
3. Chain jewelers vs. independent ones
Because of their image and the costs of running a store, branded jewelers usually charge a higher price. On the other hand, boutique or independent jewelers may be able to give similar high-quality items at more reasonable prices, sometimes by as much as 20 to 30 percent.
Arte Oro Singapore is a well-known and trusted name in the local jewelry scene. They are known for making custom engagement rings that focus on quality, value, and customization. They work with couples on a budget and offer consultations to help them find the best style without spending too much.
4. Keep an eye out for hidden costs
When setting a budget for an engagement ring, keep in mind that there may be extra costs such as
- Ring size changes
- Making engravings
- GIA and IGI diamond certification
- Fees for insurance or an appraisal
Before you buy something, you should always ask for a full description of the price.
How Much Should You Spend?
A lot of people think that the price of an engagement ring should be two to three months’ pay. But experts in personal finance say that this rule doesn’t make sense anymore. Instead, spend as much as you can afford based on your income, savings goals, and long-term costs like a wedding or a new house.
Some couples even pick out rings together, which is honest and saves them money.
Finding the right engagement ring in Singapore doesn’t have to be hard or cost a lot of money. Once you know what affects price and what’s most important to you, you can pick a ring that fits both your partner’s style and your budget.
If you look at jewelry from trusted local stores like Arte Oro Singapore, you’ll probably find better deals and more personalized service than at big stores. Don’t forget that an engagement ring is a sign of love, not money.
