<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1204737666323810&amp;ev=PageView&amp;noscript=1" alt="facebook">
Skip to content

Resources

Q Report Resources

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Jewellery, engagement ring & watch advice, plus insurance tips & industry insights. 

Watch expert tips, discover insurance benefits & hear real customer stories. 

Find answers to common questions about jewellery, engagement ring & watch insurance. 

Click here to access important policy documents - Product Disclosure Statement, Financial Services Guide, and Policy Wording.

Click here to access the Target Market Determination (TMD) document.

Get Your Quote

Engagement Ring Metals Cost: Inexpensive to Expensive

Q Report Team

Updated on March 17, 2025
Related Posts
Featured Posts
form-profile
Jewellery Insurance

Instant Quote
play-audio
Listen to article
/

It’s easy to find beautiful engagement rings. The challenge is to find rings that are durable, budget-friendly, and (okay, we’ll say it) the rings of your dreams. To learn how you can find the perfect wedding rings that will last a lifetime - at a price that fits your budget - narrow your search to rings made of precious metals that are in your price range.

Inexpensive

In the lower end of the price range, the challenge is finding durable rings. It’s easy to focus all of your attention on the style and the gems. But don’t ignore the metals. When it comes to durability, metals matter enormously.

Not all metals hold up well over time. Some get scratched easily. Others are brittle. Fortunately, several gorgeous metals fall into the inexpensive category that will provide years of effortlessly beautiful wear and tear. Let’s take a closer look at them. We’ve only included metals here that hold up well over time.

Steel

If you’re working with a small budget, steel can be an excellent option. It’s relatively strong and durable and has scratch-resistance properties. As a bonus, stainless steel is hypo-allergenic, perfect for those with sensitive skin.

Stainless steel works exceptionally well for men’s wedding bands because it’s strong and masculine. Look for subtle textures, brushed finishes and mixed-metal designs (such as a rose gold stripe down the centre of a steel wedding band).

Tungsten

Tungsten wedding bands are quickly growing in popularity, and for good reason. Tungsten carbide is scratch-resistant, hypo-allergenic and exceptionally strong. Unlike some other traditional jewellery metals, tungsten doesn’t tarnish. If you like the feeling of a heavy ring on your finger (similar to gold and platinum), tungsten might be the metal for you.

Tungsten comes in a natural gunmetal grey colour, but jewellers can plate it to appear black, white or even gold. Keep in mind that because of tungsten’s toughness, jewellers cannot resize rings made from this metal, so you must get the right size from the start. 

Zirconium

Similar in strength and weight to tungsten, zirconium has a greyish-white lustrous appearance, perfect for both men’s wedding bands and women’s engagement rings. Zirconium also has the same hypo-allergenic properties as titanium. 

When it’s heat-treated, zirconium forms a deep silky black oxide coating that is scratch resistant and eye-catching. Jewellers usually call this Black Zirconium, and it’s quite popular for men’s wedding bands.

Titanium

Many jewellers love working with titanium. It’s incredibly strong and durable, and it can take on many different shades, from deep onyx to lustrous white. Hypo-allergenic and surprisingly lightweight, titanium is more robust than both gold and platinum.

Silver

People have been making jewellery from silver for thousands of years. Because it’s so malleable, jewellers love working with it. Silver makes beautiful rings, and it’s quite inexpensive, but it does have a couple of drawbacks.

Silver scratches more easily than other metals, and it tarnishes as well. Many jewellers will plate silver with rhodium to prevent tarnish and protect its surface from scratches.

Mid-Range Metals

If you’re willing to spend a bit more on your engagement ring, consider one of the following precious metals.

Palladium

A more affordable alternative to platinum and white gold, palladium has been used in jewellery since 1939. Why that year, you might ask? Governments needed platinum for building arms in World War II, so platinum jewellery production came to a screeching halt. The alternative? Palladium, an element in the platinum family that shares its sister’s gorgeous white colouring and durable properties.

Because its white properties occur naturally, palladium doesn’t have to be plated with rhodium to achieve its colouring, as is the case for white gold. That means it’s low-maintenance, tarnish-resistant, electrically stable and resistant to chemical erosion. 

Yellow Gold

Another terrific option? Engagement rings made with 14k gold. Warm and sunny yellow gold hearkens back to traditional wedding jewellery. And we’re seeing a resurgence in the popularity of this classic metal.

Rings like this two-tone Low Modern Engagement Ring by Melbourne Diamond Importers capture the essence of yellow gold in a whole new way. Since pure gold is too soft for everyday wear, jewellers must combine it with other metals like copper, silver, nickel and zinc. Because of its composition, some people find that their skin is sensitive to it.

Although many 10k gold rings are available for lower-priced wedding rings, be careful when shopping for 10k rings. Too often, rings made with 10k gold exhibit shoddy workmanship for long term durability, it is best to stick with 14k or even 18k gold.

White Gold

Over the past couple of decades, white gold has dominated the engagement ring market. The metal’s subtle white sheen perfectly complements colourless diamonds. You might say that diamonds and white gold are a match made in heaven.

Since nature only produces gold in yellow, jewellers have to plate it with rhodium to make it white. And rhodium plating eventually wears off. So if you opt for white gold, realise that you’ll probably have to replate the engagement ring at some point down the road.

Rose Gold

Feminine and attention-grabbing, rose gold is an alloy created from yellow gold and copper. It looks particularly intriguing when paired with rosy gems like morganite. This mid-range metal has been trending for wedding jewellery and luxury watches the last couple of years.

Many rose gold engagement rings carry a vintage appeal, like this handmade rose gold Hepburn ring from Simon West Jewellery.

Screen Shot 2020-04-15 at 12.39.43 pm

Expensive Metals

To pull out all the stops, purchase an engagement ring made of the world’s most luxurious precious metals.

Platinum

Its very name sounds luxurious. Because of platinum’s hardness, rarity and naturally white sheen that never fades or changes colour, it’s the most sought-after metal for engagement rings.

A prestigious platinum engagement ring, like this Classic Five Stone Emerald Cut Diamond Ring from Stelios Jewellers, will wear the test of time. If you’re reaching for the pinnacle of luxury, choose platinum.

Screen Shot 2020-04-15 at 12.35.05 pm

As you can see, engagement rings shoppers have plenty of fabulous choices when it comes to metals. If you want to choose a showstopping diamond, you might want to opt for a less expensive metal, such as palladium or titanium. If she wants a narrow band, a more expensive metal might work best.

Whatever you choose, be sure to insure your engagement ring with Q Report jewellery insurance. No matter where you go, the ring will be protected by our agreed value policy. Shop at a Q Certified Jeweller for instant, in-the-store coverage, or get an instant quote right here on our website today.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK
Related Posts
Featured Posts
avatar_light
Jewellery Insurance

Instant Quote
play-audio
Listen to article
/

It’s easy to find beautiful engagement rings. The challenge is to find rings that are durable, budget-friendly, and (okay, we’ll say it) the rings of your dreams. To learn how you can find the perfect wedding rings that will last a lifetime - at a price that fits your budget - narrow your search to rings made of precious metals that are in your price range.

Inexpensive

In the lower end of the price range, the challenge is finding durable rings. It’s easy to focus all of your attention on the style and the gems. But don’t ignore the metals. When it comes to durability, metals matter enormously.

Not all metals hold up well over time. Some get scratched easily. Others are brittle. Fortunately, several gorgeous metals fall into the inexpensive category that will provide years of effortlessly beautiful wear and tear. Let’s take a closer look at them. We’ve only included metals here that hold up well over time.

Steel

If you’re working with a small budget, steel can be an excellent option. It’s relatively strong and durable and has scratch-resistance properties. As a bonus, stainless steel is hypo-allergenic, perfect for those with sensitive skin.

Stainless steel works exceptionally well for men’s wedding bands because it’s strong and masculine. Look for subtle textures, brushed finishes and mixed-metal designs (such as a rose gold stripe down the centre of a steel wedding band).

Tungsten

Tungsten wedding bands are quickly growing in popularity, and for good reason. Tungsten carbide is scratch-resistant, hypo-allergenic and exceptionally strong. Unlike some other traditional jewellery metals, tungsten doesn’t tarnish. If you like the feeling of a heavy ring on your finger (similar to gold and platinum), tungsten might be the metal for you.

Tungsten comes in a natural gunmetal grey colour, but jewellers can plate it to appear black, white or even gold. Keep in mind that because of tungsten’s toughness, jewellers cannot resize rings made from this metal, so you must get the right size from the start. 

Zirconium

Similar in strength and weight to tungsten, zirconium has a greyish-white lustrous appearance, perfect for both men’s wedding bands and women’s engagement rings. Zirconium also has the same hypo-allergenic properties as titanium. 

When it’s heat-treated, zirconium forms a deep silky black oxide coating that is scratch resistant and eye-catching. Jewellers usually call this Black Zirconium, and it’s quite popular for men’s wedding bands.

Titanium

Many jewellers love working with titanium. It’s incredibly strong and durable, and it can take on many different shades, from deep onyx to lustrous white. Hypo-allergenic and surprisingly lightweight, titanium is more robust than both gold and platinum.

Silver

People have been making jewellery from silver for thousands of years. Because it’s so malleable, jewellers love working with it. Silver makes beautiful rings, and it’s quite inexpensive, but it does have a couple of drawbacks.

Silver scratches more easily than other metals, and it tarnishes as well. Many jewellers will plate silver with rhodium to prevent tarnish and protect its surface from scratches.

Mid-Range Metals

If you’re willing to spend a bit more on your engagement ring, consider one of the following precious metals.

Palladium

A more affordable alternative to platinum and white gold, palladium has been used in jewellery since 1939. Why that year, you might ask? Governments needed platinum for building arms in World War II, so platinum jewellery production came to a screeching halt. The alternative? Palladium, an element in the platinum family that shares its sister’s gorgeous white colouring and durable properties.

Because its white properties occur naturally, palladium doesn’t have to be plated with rhodium to achieve its colouring, as is the case for white gold. That means it’s low-maintenance, tarnish-resistant, electrically stable and resistant to chemical erosion. 

Yellow Gold

Another terrific option? Engagement rings made with 14k gold. Warm and sunny yellow gold hearkens back to traditional wedding jewellery. And we’re seeing a resurgence in the popularity of this classic metal.

Rings like this two-tone Low Modern Engagement Ring by Melbourne Diamond Importers capture the essence of yellow gold in a whole new way. Since pure gold is too soft for everyday wear, jewellers must combine it with other metals like copper, silver, nickel and zinc. Because of its composition, some people find that their skin is sensitive to it.

Although many 10k gold rings are available for lower-priced wedding rings, be careful when shopping for 10k rings. Too often, rings made with 10k gold exhibit shoddy workmanship for long term durability, it is best to stick with 14k or even 18k gold.

White Gold

Over the past couple of decades, white gold has dominated the engagement ring market. The metal’s subtle white sheen perfectly complements colourless diamonds. You might say that diamonds and white gold are a match made in heaven.

Since nature only produces gold in yellow, jewellers have to plate it with rhodium to make it white. And rhodium plating eventually wears off. So if you opt for white gold, realise that you’ll probably have to replate the engagement ring at some point down the road.

Rose Gold

Feminine and attention-grabbing, rose gold is an alloy created from yellow gold and copper. It looks particularly intriguing when paired with rosy gems like morganite. This mid-range metal has been trending for wedding jewellery and luxury watches the last couple of years.

Many rose gold engagement rings carry a vintage appeal, like this handmade rose gold Hepburn ring from Simon West Jewellery.

Screen Shot 2020-04-15 at 12.39.43 pm

Expensive Metals

To pull out all the stops, purchase an engagement ring made of the world’s most luxurious precious metals.

Platinum

Its very name sounds luxurious. Because of platinum’s hardness, rarity and naturally white sheen that never fades or changes colour, it’s the most sought-after metal for engagement rings.

A prestigious platinum engagement ring, like this Classic Five Stone Emerald Cut Diamond Ring from Stelios Jewellers, will wear the test of time. If you’re reaching for the pinnacle of luxury, choose platinum.

Screen Shot 2020-04-15 at 12.35.05 pm

As you can see, engagement rings shoppers have plenty of fabulous choices when it comes to metals. If you want to choose a showstopping diamond, you might want to opt for a less expensive metal, such as palladium or titanium. If she wants a narrow band, a more expensive metal might work best.

Whatever you choose, be sure to insure your engagement ring with Q Report jewellery insurance. No matter where you go, the ring will be protected by our agreed value policy. Shop at a Q Certified Jeweller for instant, in-the-store coverage, or get an instant quote right here on our website today.

Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in

Sapphire

Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum voluptate velit esse.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Export
Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet. Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

bulb
0%

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

More Articles