How Much Should You Spend on an Engagement Ring in Dubai?

Clara Guzman

Figuring out how much to spend on an engagement ring can feel overwhelming. Traditional advice suggests spending two to three months of your salary, but let's pause. The truth is, choosing an engagement ring in Dubai should align comfortably with your personal budget and priorities.

What Does the Data Say?

According to recent surveys, couples typically spend between AED 15,000 and AED 40,000 on engagement rings in the UAE, though some opt for luxurious rings upwards of AED 100,000, depending on personal financial situations [1].

The Isabella Ring – AED 32,400

Lab-grown vs. Natural Diamonds: Maximizing Your Budget

One of the most impactful decisions you'll make is choosing between natural and lab-grown diamonds. Both types are genuine diamonds, indistinguishable to the naked eye and equally durable.

The big difference lies in price and size. Lab-grown diamonds typically cost 30-50% less than natural diamonds. This means you can afford a significantly larger or higher-quality diamond within your budget.

For instance, the average cost of a one-carat natural diamond in 2024 ranges between approximately AED 15,000 to AED 20,000, whereas a one-carat lab-grown diamond costs around AED 3,600 [2]. As diamonds increase in size, prices for natural diamonds rise exponentially. A three-carat natural diamond can cost around AED 220,000, while a similar-sized lab-grown diamond may be found for under AED 11,000 [2].

Simply put, you can get a 3-carat lab diamond for the price of a 1-carat natural diamond, offering a significant advantage in selecting a larger or higher-quality diamond without overstretching your finances.

Source: https://finegrowndiamonds.com/

Why Dynasty by Chiara Chooses Lab-grown Diamonds

At Dynasty by Chiara, we exclusively offer lab-grown diamonds. Here’s why:

  • Ethically Sound: Lab-grown diamonds avoid the environmental harm caused by mining.
  • Greater Value: Get significantly more sparkle and size for your money.
  • Assured Quality: Lab-grown diamonds have identical chemical, physical, and optical properties to mined diamonds and come with guaranteed purity and clarity.
  • Advanced Technology: Created using state-of-the-art methods such as High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD), these diamonds ensure traceability and consistent quality.

Learn more about Lab Diamonds here: Lab-grown Diamonds at Dynasty by Chiara.

Spend Smart, Not Big

Ultimately, the "right" amount to spend is personal. Your engagement ring symbolizes love, commitment, and future happiness, none of which requires breaking your bank. Prioritize comfort, quality, and meaningfulnes.

Whether you're aiming modestly or indulging generously, opting for a lab-grown diamond from Dynasty by Chiara ensures your ring remains an exquisite, ethical, and economical choice.

Have more questions about engagement rings in Dubai? Reach out anytime; we're here to help you celebrate one of life's most memorable milestones.

References

[1] T. Michel Issa, “Dubai couples are getting married faster than the rest of the world.” 2024. Available: https://www.arabianbusiness.com/industries/travel-hospitality/dubai-couples-are-getting-married-faster-than-the-rest-of-the-world 
 
[2] B. Copeland, “How Much Does a Diamond Cost in 2024?” 2024. Available: https://www.brides.com/average-diamond-cost-8685159

 

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