Note that according to a recent study, the average price for a diamond engagement ring is approximately $6,500. However, you can get the best bang for your bucks if you plan things smartly.     If you buy from an online store that offers some good discount deals, you can save a good amount of your overall diamond engagement ring expense. You can find many relatively cheap diamond engagement ring sets this way. Such a type of affordable diamond ring set will have both the engagement and wedding ring, so buying them together will fetch you a better deal. Diamond ring sets will also be a perfect choice for all the brides who prefer to flaunt both their engagement and wedding diamonds together. In case you give priority to the brilliance and fire of the ring, it will be ideal to consider pave diamonds instead of a huge solitaire. One of the trendiest designs for such diamond engagement ring sets features an engagement ring with a halo setting and a wedding band that is entirely paved with melee diamonds.