Setting up a proper budget allows you to allocate the proper financial resources for getting a diamond engagement ring of your choice.     After the budget, you should look into the type of ring setting used in the ring. The settings of the ring usually cost more after the diamond. Opting for a solitaire setting is by far the best way if you wish to purchase a budget diamonds engagement ring. A tension setting would also make a great choice if you want something more remarkable and with a futuristic design. Choosing a specific ring metal has also its influence on the overall pricing of the ring. For budget diamond rings, it is best to go for a palladium metal for the ring band. Palladium is an inexpensive metal compared to most other ring metals such as platinum, gold, titanium, etc. Besides, considering the 4 C’s of the diamond is also important to get the best value for your set budget.