Over the time, these rings have progressed not only in term of the basic characteristic such as the material that has been used mainly gold but has expanded up to the involved diamonds and other gem that could be incorporated into the ring. Today, the market encompasses everything starting from normal diamonds to most expensive engagement ring, such as synthetic diamonds.

The Rise of Lab-Grown Diamonds

Over the last decade, cultured diamonds have emerged as one of the more popular products. These diamond are synthetically grown in a laboratory environment and are as such as those formed naturally in the earth’s crust. The best thing about lab grown diamonds is that it is inexpensive meaning that couples can get bigger and luxurious stones out of their budget.

What Defines an Expensive Engagement Ring?

In as much as luxury may be considered a crucial element when it comes of the subject of engagement, an expensive engagement ring is normally associated with the aspect of elitism. What makes an engagement ring so costly? It was possibly the size of the diamond, how well it was cut or the kind of metal used for the band.

The Most Expensive Engagement Rings Ever

When it comes to some of the most expensive engagement rings, we’re not talking just a pretty penny. These rings are not only signs of love, power, and authority, but also meaning money. Be jewelry's that are particularly famous include Elizabeth Taylor’s engagement ring that was weighing 33 carat and was purchased from Richard Burton costing $8.8 million.

Striking a Balance Between Cost and Quality

But for the people who would like to get products that are a little more luxurious without comprising with sustainable production methods, then lab grown diamonds are a good substitute. Even with synthetic diamonds, you do not have to be poorer to purchase a beautiful and magnificent engagement ring.

Conclusion

When you begin evaluating the expensiveness of engagement rings, the conversation quickly escalates into one of significant investment. As these rings are representations of love they are also the symbols of high rank and prosperity. This list wouldn’t be complete without the largest ever engagement ring which was a 33-carat diamond ring that Elizabeth Taylor was gifted by Richard Burton and is now worth about $8.8million.