How Much Money To Spend On A Moissanite Engagement Ring?

You met the one you can’t imagine your life without, and now you are ready to propose. It’s time to step into your life together with the perfect engagement ring and a heart-melting proposal. It’s going to be one for the books, a moment you will remember forever. 

At first, buying an engagement ring will seem easy; pick a store than a ring and viola, right? 

Not exactly; as you walk through what may seem like 100 jewelry stores, looking at all the different shapes, cuts, sizes and prices, you might feel overwhelmed. Still, a little research can go a long way when deciding how much money to spend on an affordable moissanite engagement ring. 

Let’s look at how much the average engagement ring costs in Canada, whether to purchase a premade or a custom-made engagement ring, what is a moissanite engagement ring and select the perfect engagement ring for you, your partner and your budget. 

The Average Cost Of An Engagement Ring 


One thing is sure; diamonds are an expensive investment. According to, Canada’s average engagement ring cost was $3,500 in 2021; this amount is below most people’s salary over the course of three months. Yet, for some reason, people believe in the nonsense that an 

an engagement ring needs to cost as much as two months’ salary. Why two months? Why not one or three? Who says that you need to work for two whole months for a ring, even an engagement one? The same company came up with the slogan “Diamonds Are Forever.” They are called De 

Beers Consolidated Mines, Inc., and they control most of the diamond mines in the world.

The ring’s price does not determine how much you love your partner or how committed you are to them, so choose your engagement ring according to your budget and not society’s made-up standards. 

Your Partner’s Expectations 

Of course, the ring matters; it’s a symbol of your love and commitment. Nonetheless, it shouldn’t drive you into debt, and you indeed can find an affordable moissanite engagement ring. Your partner is the one who will be wearing the engagement ring, and many women already have a perfect engagement ring in mind, the shape, size and material they’d like the ring to be made out of. Moissanite rings in Canada are growing in demand every year, being an affordable and durable option for diamonds. 

That said, most women are reasonable; they will love and appreciate that you spent the effort to find the perfect custom engagement ring. Your partner is not looking to bankrupt you with unrealistic demands and expectations. 

Types Of Moissanite Rings In Canada 


Now that we have covered the budget aspect of buying an engagement ring, it’s time to look at the options available to you. 

The first thing you should decide on is whether to purchase a premade moissanite engagement ring in Canada or venture into designing a custom moissanite engagement ring on your own. 

Here are some pros and cons of buying an affordable moissanite engagement ring in Canada, 

Purchasing a pre-made moissanite engagement ring is affordable and accessible enough of a task but may feel impersonal and a bit cookie-cutter. Although choosing to design the perfect moissanite engagement ring in Canada may seem like an expensive choice, nonetheless, you can indeed have your cake and eat it too.

With a bit of research, you will find the right jeweler that will help you design a perfect and affordable moissanite engagement ring within your budget. 

How To Save Money On Moissanite Rings In Canada 

- Consider Shopping Online 

By shopping online, you give yourself a lot more options for what kind of jeweler you want to work with and ensure you are getting a reasonable price and a superior product by avoiding in-store markups. You may save as much as 30%-50% by purchasing your moissanite engagement ring in Canada online while having a superior selection to the one you get in the stores. In addition, shopping online for your custom engagement ring will save you time and money and ensure your partner receives the exact custom moissanite engagement ring in Canada that she wants. 

- Consider Giving Up A Fraction Of Carat Size 

If you choose to go with a lab-grown diamond, choosing one that is slightly below the traditional cut-off point, for example, a 0.97 carat, will look identical to a 1 carat but will cost much less. 

- Skip The Center Stone. 

Choosing a ring made from several smaller stones will make a significant impression on a smaller budget. One of the benefits of choosing to purchase a custom engagement ring is that you can make it your own, be creative and get a high-quality, affordable moissanite engagement ring that will dazzle with its sparkle and your love. 

Buying A Custom Engagement Ring Online

If buying a moissanite engagement ring in Canada online sounds like a scary venture, let me put your mind at ease. Moissanite rings in Canada are purchased online every day, leaving thousands of satisfied customers in every province. 

Not only is it possible to purchase a custom engagement ring online, but it’s also affordable; in fact, it’s become rather popular with couples all over the world. 

According to a study performed by “ The Knot, “ more than 30% of couples said they purchased their engagement rings online. 

While there are plenty of benefits to buying your moissanite engagement ring online in Canada, be aware of the risks as well. 

Doing your research will ensure you spot the difference between fake websites and reputable professional jewelers. But, of course, the best way to do that is to look at reviews from real customers. Another thing to keep in mind is if a deal seems too good to be true, it probably is; remember that even though purchasing a moissanite ring in Canada online has a lower price tag than the retail stores, prices should still be comparable with other custom engagement rings. 

Interested in buying an engagement ring online but unsure of where to look? Start by visiting us at for all your moissanite engagement ring Canada information. 

Your dream ring is only limited by your imagination.