The Best Oval Diamond Engagement Rings for Every Budget

Oval diamonds are consistently one of the most popular diamond cuts on the market. Oval diamond engagement rings are popular for a good reason - oval diamonds make a ring look like it has a bigger stone. Compared to other cuts, an oval diamond's elongated profile creates a sense of added size, making a smaller-carat stone look larger. Moreover, this extended form does not compromise the stone's brilliance.  

Oval diamonds have a long list of advantages that include no sharp corners, a unique shape, a larger looking diamond, and a profile good at hiding color and flaws. They also have some disadvantages, two of the most prominent being the dreaded bowtie effect and the possible lack of symmetry. An excellent oval diamond is almost perfectly oval, and it does not have a significant bowtie (a dark bowtie-like shadow when you look through the stone).

Besides appearance, oval diamonds are also less prone to chipping. Rounded edges enforce the stone's physical strength, making oval diamonds more resilient than other cuts like princess and emerald. 

Buying an oval diamond engagement ring has many merits, but which one should you pick? When buying an oval cut diamond engagement ring, a good rule of thumb is to start with a budget, which simplifies the selection process by narrowing down your options.

We share some of our fantastic finds to fit every budget below. 

Best Oval Engagement Rings Under $2,500

With a budget of $2500, you have reduced the number of rings you can potentially buy, which is a good thing considering there are thousands of options available. At this price range, the best oval diamond engagement rings have center stones of up to 1.00CT besides a wide range of setting styles and metal types. 

1. Three Stone Oval Diamond Engagement Ring

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Flanked by marquise-cut stones is a 0.60CT oval diamond graded D for color, VS2 for clarity, excellent for polish, and very good for symmetry. The ring is set in 14K white gold and features a tapered round profile band. 

2. Pavé Oval Diamond Engagement Ring

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Distinctive yet elegant, this ring has a 0.70CT oval diamond graded D for color, SI1 for clarity, very good for polish, and good for symmetry. It is set in platinum and combines a round profile band with pavé stones. 

3. Pavé Oval Diamond Engagement Ring

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A 0.72CT oval diamond is this ring's centerpiece. The diamond is graded I for color, VS2 for clarity, excellent for polish, and very good for symmetry. The ring is set in 14K rose gold and has a round profile band with pavé stones on the sides. 

4. Vintage Oval Diamond Engagement Ring

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This vintage style oval diamond engagement ring comes with a 0.70CT stone graded J for color, SI1 for clarity, excellent for polish, and very good for symmetry. It has an 18K white gold setting with a floral pattern on each shoulder. 

5. Halo Oval Diamond Engagement Ring

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This halo ring has a 0.70CT oval diamond graded I for color, VS1 for clarity, excellent for polish, and excellent for symmetry. It is set in 14K yellow gold and has pavé style accent stones on each shoulder.  

Best Oval Engagement Rings Under $5,000

The best oval diamond engagement rings under $5,000 bring a host of stone size and quality options and setting metals. Most of the rings at this price range have stones between half a carat and 1.50-carats. You also get a wide array of setting styles, including halo, pavé, vintage, and channel set.

1. Pavé Oval Diamond Engagement Ring

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This ring features a 0.90CT oval diamond graded F for color, VS1 for clarity, very good for polish, and good for symmetry. It is set in 14K rose gold and features a unique twisted band style.  

2. Pavé Oval Diamond Engagement Ring

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This stylish pavé ring comes with a 1.01CT oval diamond graded H for color, VS2 for clarity, excellent for polish, and very good for symmetry. It is set in 14K rose gold with brilliant-cut pavé stones along the sides. 

3. Solitaire Oval Diamond Engagement Ring

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This two-tone diamond engagement ring comes with a 1.09CT oval diamond graded H for color, VS1 for clarity, excellent for polish, and excellent for symmetry. It is set in 14K yellow gold and has a flat-sided court band. 

4. Halo Oval Diamond Engagement Ring

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This ring features a double halo circling a 0.90CT oval diamond graded G for color, SI1 for clarity, excellent for polish, and very good for symmetry. The ring's setting is in 14K white gold with pavé stones on the shoulders. 

5. Side Stones Oval Diamond Engagement Ring

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Flanked by four side stones is a 1.00CT oval diamond graded I for color, VS1 for clarity, excellent for polish, and very good for symmetry. The ring is set in 14K yellow gold and has a 14K white gold floral motif basket.  

Best Oval Engagement Rings Under $7500

The best oval diamond engagement rings under $7,500 come with various stones, ranging from 0.93CT diamonds to 1.50CT stones. You also have the most popular setting styles available, including halo, solitaire, pavé, and side stones.

1. Halo Oval Diamond Engagement Ring

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Within a stunning halo, this ring has a 1.04CT oval diamond graded E for color, VVS2 for clarity, excellent for polish, and very good for symmetry. It comes in 14K white gold and features unique floral accents in the bridge and shanks.

2. Halo Oval Diamond Engagement Ring

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Intricate and charming, this halo ring comes with a 0.93CT oval diamond graded G for color, VVS1 for clarity, excellent for polish, and very good for symmetry. It is set in platinum and features a double-band design with accent stones sprinkled on the bridge, prongs, and shanks. 

3. Pave Oval Diamond Engagement Ring

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This pavé-style diamond engagement ring comes with a 1.50CT oval cut diamond graded J for color, VVS2 for clarity, excellent for polish, and excellent for symmetry. It is set in 14K rose gold and features a blend of pavé and surprise stone design accents. 

4. Pave Oval Diamond Engagement Ring

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Another classic pavé ring, it features a 1.20CT oval cut diamond graded D for color, SI1 for clarity, excellent for polish, and very good for symmetry. It is set in 18K white gold and features white accent stones on the prongs and shanks.  

5. Pave Oval Diamond Engagement Ring

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With a unique surprise diamond design, this ring features a 1.00CT oval cut diamond graded E for color, VVS1 for clarity, excellent for polish, and very good for symmetry. The ring comes set in 18K yellow gold and features a round-profile band. 

Best Oval Engagement Rings Under $10,000

If you consider buying an oval diamond engagement ring under $10,000, you are in luck! You have a sea of choices at this price range, and most rings come in platinum or 18K gold with stones as large as 1.56CT.

1. Halo Oval Diamond Engagement Ring

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This ring comes with a 1.02CT oval cut diamond graded D for color, VVS1 for clarity, excellent for polish, and excellent for symmetry. The ring has a 14K white gold double band setting with surprise stones set within the gallery's bridge.

2. Side Stones Oval Diamond Engagement Ring

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This ring features a 1.23CT oval cut diamond graded D for color, VVS1 for clarity, excellent for polish, and very good for symmetry. It comes with a 14K yellow gold setting that features four round-cut side stones on each shoulder. 

3. Solitaire Oval Diamond Engagement Ring

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In this ring, a unique blend of white and yellow gold accentuates the 1.51CT oval cut diamond graded H for color, VS1 for clarity, very good for polish, and very good for symmetry. It is set in 18K yellow gold with white gold prongs. 

4. Halo Oval Diamond Engagement Ring

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A classic double halo design with a 1.53CT oval cut diamond in the middle characterizes this ring. The center stone is graded F for color, SI2 for clarity, excellent for polish, and very good for symmetry. The ring is set in 14K white gold and has a halo profile band with pavé stones. 

5. Pavé Oval Diamond Engagement Ring

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This ring's floral crown has a 1.51CT oval cut diamond graded H for color, VS1 for clarity, very good for polish, and very good for symmetry. It is set in 14K rose gold and features a double-sided row of pavé diamonds.