The Ultimate Diamond Engagement Ring Checklist for New Buyers

Buying a diamond engagement ring is one of the most exciting moments in life. It’s a symbol of love, commitment, and the start of a new chapter. But let’s face it—choosing the perfect ring can also feel a little overwhelming, especially for first-time buyers. With so many options out there, it’s easy to get lost in the details.

In short: The new-buyer engagement-ring checklist: set budget (US average ~$6,000 in 2025), pick shape (round leads ~55%), prioritize Excellent cut, target G color + VS1 clarity (the value sweet spot), confirm partner ring size, choose 14k or 18k white gold or platinum, insist on a current GIA or IGI report, and secure insurance at 1-2% of value annually.

That’s where this checklist comes in.

We’ve broken down everything you need to know to make the best decision, ensuring the ring you choose is as special as the moment you propose.

Set Your Budget Early On

Before you even start looking at diamonds, it’s important to set a budget. Knowing how much you’re willing to spend helps narrow down your options and keeps you from falling in love with a ring that’s way out of your price range.

One popular guideline is to set aside two to three months' salary, but the most important thing is to spend what feels comfortable for you.

Engagement rings come in a wide range of prices, so you can find something beautiful no matter your budget. If you’re on a budget but want something luxurious, check out engagement rings for a variety of stunning options to fit your financial plan.