Buying a Tiffany engagement ring is a big decision that you need to plan carefully. Genuine Tiffany trademark setting is a classy, elegant choice that you can’t go wrong with, and the famous little blue box can make every bride-to-be shed a tear.
Still, before you go shopping, you probably wonder how much is a Tiffany engagement ring. Keep in mind that you pay for not only the diamond ring but also the famous Tiffany brand. It actually multiplies the price, and you need to consider your options in advance if you are on a tight budget.
The Tiffany Setting
The Forbs magazine states that the Tiffany round shape solitary diamond ring is the most popular engagement ring globally. The famous design represents a diamond raised on the top of the ring’s six-prong setting, which mostly comes in platinum or yellow or rose gold.
That way, the light is maximally reflected through the diamond emphasizing its beauty and purity. Charles Lewis Tiffany designed this ring in 1886, and it became the symbol of his company.
Nowadays, you can choose an engagement ring from several Tiffany collections, and some models have more than one diamond. Plus, many other brands and local jewelers copy and modify the Tiffany setting. Therefore, you can purchase a similar ring at a lower cost.
Still, you can only buy the genuine Tiffany ring in one of the company stores. It comes with a quality certificate, the little robin-blue box, and complimentary services like cleaning and resizing.
How 4C Diamond Quality Affects the Price?
The price of the Tiffany engagement ring you choose will depend on the diamond’s quality as one of the main factors. If you don’t do your research, you may be confused by the difference in seemingly identical diamonds marked G and D, or VS1 and SI2.
The 4C represents the cut, clarity, color, and carat of the diamond. Each of these attributes impacts the ring price. For example, you should pay approximately $19,000 for a D color, flawless round diamond of 1.10 carat. On the other hand, a 1.10, I color, SI2 clarity diamond costs only $4,600.
Cut – It is the style the jeweler uses to shape the stone. You can choose brilliant, round, of fancy cuts depending on the diamond shape you prefer.
Clarity – The clarity marks describe the flaws and blemishes of the diamond. The scale starts with FL (flawless) mark for the top-quality stone and ends with an I (included) category for the stone with visible inclusions.
There are a few other marks in between, including:
- Internally flawless
- Very, very slightly included
- Very slightly included
- Slightly included
Color – The color grading depends on the level of diamond transparency. The most expensive diamonds have D, E, and F (colorless) tag. Nearly colorless categories are G, H, and I, followed by the letters used to describe the faint yellow diamonds.
Carat – It is a unit for the gemstone mass. The bigger the gem, the more carat it has. The price tag on the diamond depends on the price per carat, but you won’t pay only for it. The cost also includes the craftsmanship, the gold or platinum weight, and the brand name.
| Diamond color/clarity | IF | VVS1 | VVS2 | VS1 | VS2 | SI1 |
SI2 |
|
D |
$17,250 | $14,750 | $12,000 | $10,500 | $9,750 | $7,400 | $6,250 |
|
E |
$12,750 | $12,000 | $10,350 | $9,500 | $8,500 | $7,000 | $5,750 |
|
F |
$11,000 | $10,500 | $9,750 | $9,250 | $8,000 | $6,500 | $5,500 |
|
G |
$9,000 | $9,000 | $8,800 | $8,000 | $7,250 | $6,000 | $4,900 |
|
H |
$8,000 | $7,800 | $7,800 | $7,250 | $6,750 | $5,800 | $4,900 |
|
I |
$6,750 | $6,400 | $6,250 | $6,000 | $5,500 | $5,000 | $4,500 |
Designs of Tiffany Engagement Rings
As you guessed, the design you choose will affect the final price after a seller combines the diamond price with the setting and the type of cut you want. Other than the standard Tiffany setting with solitaire, round shape diamond, you can pick out models, such as:
Legacy – In this setting, the diamond has the cushion cut. Plus, it has a bead set of smaller stones around it.
Novo – This model also has the cushion cut but on a band of diamonds.
Embrace – This is the design with the round cut diamond with the bead set.
Etoile – The bezel setting on the ring includes the solitaire stone or three smaller diamonds.
The round shape is the most expensive and, at the same time, the most popular diamond cut. However, Tiffany offers the other shapes, so-called fancy cuts like:
- Princess
- Heart
- Emerald
- Square
- Marquise
- Cushion
- Tiffany true
The Tiffany bands with the same color, clarity, and carat but in two cuts can differ in the price for several hundred dollars. For example, the Princess cut, 1.07 carats, D colorless, VS1 clarity costs $24,300. On the other hand, a similar ring with the round cut is approximately $26,000.
Tiffany Pricing
The Tiffany engagement ring is expensive. For most people, the golden rule of spending two month’s salary on the ring is not enough with this brand.
Although declaratively prices at Tiffany stores start at around $1,000, finding a ring below $5,000 is almost impossible. For instance, you can buy a one-carat diamond engagement ring for the price of $9,500 to $35,000, depending on the design.
Keep in mind that the diamond itself can cost about $1,000 if you pick a tiny ring with 0.5 carats. Still, the additional cost, such as the gold price, brand, and design, can raise the final bill up to ten times.
The company also offers luxurious rings for several hundred thousand dollars. On December 10th, 2019, Tiffany advertised the Tiffany Anniversary Diamond Ring. With a price tag of an unbelievable $10 million, it is the most expensive ring in the world.
|
Diamond carat weight |
Price per carat |
Total price |
|
0.50 Carat |
$1,100 to $7,690 | $550 to $3,845 |
| 0.75 Carat | $1,810 to $8,800 |
$1,360 to $6,600 |
|
1.00 Carat |
$1,910 to $15,650 | $1,910 to $15,650 |
| 1.50 Carat | $2,985 to $22,330 |
$4,480 to $33,500 |
|
2.00 Carat |
$4,025 to $42,180 | $8,050 to $84,360 |
| 3.00 Carat | $6,190 to $50,070 |
$18,580 to $150,220 |
|
4.00 Carat |
$7,575 to $68,130 | $30,300 to $272,520 |
| 5.00 Carat | $8,430 to $70,370 |
$42,150 to $351,850 |
The Reasons Tiffany is So Expensive
Several reasons justify the high prices this company keeps. You should pay for the craftsmanship of exceptional quality, incomparable with other companies. Keep in mind that it takes a year to produce a ring with a handcrafted diamond that meets the Tiffany company’s high criteria.
The quality of the gemstones is crucial. Besides diamonds, you can pick sapphire, tanzanite, or any other gem for your engagement ring. All the stones have a Tiffany Diamond certificate, or GIA (Gemological Institute of America) certificate, which gives you a guarantee of high quality.
Finally, you need to pay for the brand name. While other manufacturers often copy Tiffany designs, the genuine Tiffany jewelry comes with the paperwork that proves you possess the original. Every piece has the fineness label and Tiffany & Co. mark. Plus, don’t forget the little blue box most of us dream about!
Tips for Purchasing Tiffany Engagement Ring
If you decide to purchase the genuine Tiffany ring, the best place to look for is the Tiffany retail store. This company has stores in almost every state in the US. Plus, they have numerous partners all around the world.
Even though you can do your research online, avoid shopping without checking out the ring personally. You should confirm authentication and see the diamond reflection in the daylight and on the bride-to-be’s finger.
Not to mention that the design that looks perfectly on the picture can disappoint after putting it on the finger since it doesn’t fit as it should. While Tiffany provides the resize free of charge, you may need to wait several months for an adjustment.
When the pricey Tiffany ring doesn’t fit your budget, think of the smaller stone, different design, or color. After a couple of years, you can upgrade the ring, replace the stone for the bigger one, or pick out another gem you like more.
Another idea is to buy a pre-owned engagement ring. That way, it can cost you half of its original value. Plus, certified traders of pre-owned Tiffany jewelry often polish and refurbish the band to look brand new.
There is something romantic about the idea of a 50- or 60-years old Tiffany engagement ring for many young couples. Another plus side is that the vintage models are highly popular nowadays.
If you decide on the pre-owned ring, remember to check for the trademark, ask for the famous box, and require to see the paperwork before you make a purchase.
Summary
A Tiffany engagement ring is not a cheap purchase, and it can reach tens of thousands of dollars. The ring’s price depends on the diamond’s quality, the design, and the material the ring is made of.
Therefore, many couples decide to buy the pre-owned Tiffany ring, which still needs to have the original mark and the obligatory paperwork. Only that way you can confirm that the ring is genuine Tiffany.
