Here, one of the most critical decisions that you have to make will be the amount you are ready to spend. This decision is important since it seems to have a long-lasting effect on the entire affair. When you ask around how much do diamond engagement rings cost, you may hear about different policies and rules such as spending three months’ salary on your ring, choosing nothing but a huge solitaire ring, and many more. However, the price of your diamond engagement ring must solely depend on your budget rather than these social norms. You can get many beautiful diamond engagement rings in the price range of $500 to $10,000, although the average diamond ring price ranges from $3500 to $5000. The main factors that affect the price if a ring is diamond quality, metal choice, diamond ring settings, the age of the ring, and designs. Yet again, you have to make sure to choose a diamond that is perfect to define the character and style of your partner. After all, she is going to wear the diamond engagement ring for the rest of her life.