The 5 Most Expensive Engagement Rings In The World
Showing individuality has been the longest, ongoing trend with engagement rings as pointed out with our series on celebrity engagement rings and several of our other, more recent engagement ring related entries.
Wearing these one-of-a-kind engagement rings often comes with a price tag better left to millionaires due to the use of traditional white diamonds or large, coloured diamonds, sometimes using the combination of both.
To give you a little taste of designer creativity that knows no bounds, here’s an inside look at the five most expensive engagement rings in the world that have had a part in inspiring this trend:
With exquisite diamonds comes an exquisite name: Secret Kiss Of The Roses. This engagement ring holds the 
secret of a 4.18 carat white diamond wrapped encasing a 0.80 carat rose cut pink diamond – all set in platinum.[1]
Total Price: $545,000 (USD)
Internally Flawless is the name given to this, well, internally flawless 5.98 carat oval diamond with a total of 3.96 carat diamond surrounding to form a floral designed engagement ring – all set in platinum.[2]
Total Price: $1.3 million (USD)
Just in case it isn’t enough to just hide one finger under its enormous weight of 14.79 carats in one diamond, the 
Tiffany Oval Diamond engagement ring also comes with an additional ring complete with 12.3 carat diamond-shaped pillows. Both rings are placed in platinum settings.[3]
Total Price of the 14.79 carat diamond ring – $1.49 million (USD)
Total Price of the 12.3 carat diamond ring – $800,000 (USD)
Total Price: $2.29 million (USD)
Having a mor
e traditional style of design to it, the De Beers Platinum engagement ring holds a massive 9 carat single white diamond set in what the title claims – platinum.[4]
Total Price: $1.83 million (USD)
And last, but as you’ll see, definitely not least, is the most expensive engagement ring in the world titled as The 
Chopard Blue Diamond Ring. The treasure that lies in this ring is – drumroll please – the extremely rare blue diamond that is 9 CARATS in size! This fortune of a rock sits in 18 carat white gold and therefore earns its title, by far, as the most expensive engagement ring in the world![5]
Total Price: $16.26 million (USD)
And This Is Affordable To Me, How?
With all this talk about extravagant, customised engagement rings, some may look down and find that their current engagement ring could use a little updating or those still in the market may have decided to take a step away from the traditional look and have begun looking for a more modernised, trendy version.
The problem that many people will run into, however, is this question: How on earth would I ever be able to afford such an extravagant, multi-coloured, multi-diamond engagement ring?
Let’s start by taking a look at a few documented costs of the average engagement ring buyer:
- In 2009, Americans spent an average of $3,150 on engagement rings[6] with the average diamond size being .38 carats[7]
- In Australia, the average cost of engagement rings run $5,116[8]
- In 2005, the average amount of money in the UK spent on engagement rings was £1,289[9]
Keeping these averaged budgets in mind, there are certainly limitations as to how extravagant one can go when purchasing a unique engagement ring, but there isn’t any limitation on how creative one can be.
When thinking with a resourceful mind, options become available to re-create the design and style of an engagement ring you’ve chosen in your mind long ago. Talking with your jeweller is the best way to begin your process of customising or designing your ultimate engagement ring. By incorporating this step right at the get-go, options such as coloured diamonds or types of precious metals can be discussed to change around carat sizes, integrating gemstones and having the stones placed in ways that make it more affordable for you.
PLEASE REMEMBER – that while you can experiment with the quantity of the material needed for your ring, the one thing you must never substitute for is the quality of your ring! This can’t be stressed enough. While it may look beautiful the first time you place it on your finger, it won’t last and is guaranteed for replacement within a handful of years.
This means, when thinking diamond, think diamond! Don’t consider replacing a diamond with cubic zirconium. Instead, if you love pink diamonds and yet it’s entirely out of your budget, converse with your jeweller about pink gemstones that will resemble a pink diamond but cut the amount of money required down to something you can afford.
Is it still difficult to see the end result? To paint a clearer mental picture of how you can make one of the most expensive diamond engagement rings in the world end up on your ring finger, let’s explore how to make the original price for the Secret Kiss Of The Roses engagement ring come down to an amount that fits your budget.
When talking with your jeweller, you can discuss which gemstone and carat size suits you and your future engagement ring better. While there isn’t a single stone out there that perfectly imitate a brilliant white diamond, there are genuine gemstones that, to the naked eye, will give a great resemblance of a diamond. Substituting gemstones such as white sapphires and white topaz instead of white diamonds can be a great choice for the big carat selection. In place of the pink diamond, embed a pink tourmaline gemstone in the centre to create the proper effect of this magnificent ring. The budget that’s been set aside for the biggest price of the engagement ring – the diamond – can then be placed in the sequential order covering the band.
Keep in mind that customised or designer engagement rings can rack up the price if you’re not careful so keep things realistically within proportion. Instead of going for 4.18 carats, you may find you’ll be just as happy with a 1 carat gemstone.
The end result? You’ll have a customised, designer engagement ring that doesn’t forgo on quality and yet, gives the fantastic look of a multi-thousand dollar ring!
While trends may come and go, engagement rings have been around for many centuries and aren’t going anywhere – so have fun with it, book an appointment with your jeweller and get trendy!
References:
[1] http://www.mostinterestingfacts.com/collectible/the-4-most-expensive-engagement-rings-in-the-world.html
[2] http://engagementring.org/the-reason-behind-extensively-expensive-engagement-rings
[3] http://www.theoddpics.com/2010/07/4-most-expensive-engagement-rings-in.html
[4] http://www.worldinterestingfacts.com/wealthy/top-6-most-expensive-engagement-rings-in-the-world.html
[5] http://buydiamondrings.org/most-expensive-diamond-rings-ever
[6] http://blog.learnvest.com/learnvest-daily/average-cost-of-an-engagement-ring/
[7] http://www.ringenvy.com/engagement-rings/fun-%28and-useful%29-engagement-ring-facts
[8] http://money-guide.com.au/2009/12/average-wedding-cost-australia/
[9] http://www.thisismoney.co.uk/bargains-and-rip-offs/article.html?in_article_id=397984&in_page_id=5
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