Engagement Ring Price Guide
Real starting prices from our own ring builder, in Canadian dollars.
How much does an engagement ring cost in Toronto and the GTA? Most jewellers won't say until you're in the store. We publish our numbers. These are the same prices our online ring builder uses, so what you read here is what you'll see in your quote.
The short answer: a 1 carat lab-grown round diamond solitaire in 14K gold starts around $1,800. A 2 carat oval with a pavé band and hidden halo in 18K is about $3,800. A 3 carat emerald cut in platinum with top colour and clarity is about $5,400. All prices are in Canadian dollars, before tax.
The full guide covers every shape from 1 to 5 carats, what each setting style costs, what upgrades like 18K gold, platinum, halos and higher colour add, and how natural diamonds compare.
1. Solitaire ring, total price
Lab-grown centre diamond, F colour, VS clarity, solitaire setting in 14K gold.
| Shape | 1 ct | 2 ct | 3 ct | 4 ct | 5 ct |
|---|---|---|---|---|---|
| Round, radiant, pear, cushion, emerald | $1,800 | $2,700 | $3,600 | $4,500 | $5,400 |
| Oval, marquise | $1,890 | $2,880 | $3,870 | $4,860 | $5,850 |
| Moval | $2,115 | $3,330 | $4,545 | $5,760 | $6,975 |
| Old mine, criss cut, step cut, Dutch marquise | $2,070 | $3,240 | $4,410 | $5,580 | $6,750 |
| Portuguese cut | $2,160 | $3,420 | $4,680 | $5,940 | $7,200 |
2. Setting styles
The band and setting in 14K gold, before the centre stone. Add this to the centre stone price.
| Style | From |
|---|---|
| Solitaire | $900 |
| Pavé band | $1,170 |
| Bypass | $1,170 |
| Cathedral | $1,305 |
| Split shank | $1,305 |
| Three-sided pavé | $1,305 |
| Art Deco | $1,350 |
| Channel set | $1,350 |
| Bubble | $1,350 |
| Thick band, hidden pavé | $1,440 |
| Hand engraved | $2,070 |
Centre stone on its own (lab-grown, F, VS): about $900 per carat for round, radiant, pear, cushion and emerald; $990 for oval and marquise.
3. Upgrades
| Option | Adds |
|---|---|
| 18K gold | +$315 |
| Platinum | +$495 |
| Wider band: 3mm / 4mm | +$225 / +$315 |
| E colour | +$45 |
| D colour | +$270 |
| VVS2 clarity | +$225 |
| VVS1 clarity | +$450 |
| Half bezel | +$135 |
| Bezel or tulip basket | +$180 |
| East-west setting | +$225 |
| Hidden halo | +$270 |
| Halo | +$360 |
| Three stone or toi et moi | +$540 |
| Euro shank | +$90 |
| Hidden gemstones | +$135 |
| Bridge diamonds | +$270 |
| Bridge engraving | +$675 |
4. Three worked examples
| Ring | Estimate |
|---|---|
| 1 ct round, F VS, solitaire, 14K | $1,800 |
| 2 ct oval, E VS, pavé band, hidden halo, 18K | $3,780 |
| 3 ct emerald cut, D VVS1, cathedral, bezel, platinum | $5,400 |
5. How to read these numbers
- All prices are in Canadian dollars, before tax, for lab-grown diamonds.
- They are estimates. The final price depends on the exact stone and your ring size, and the typical range is within about 15% either way. Every quote is confirmed in writing before anything is ordered.
- Natural diamonds are priced individually, because every stone is different. Ask us for a side-by-side comparison with lab-grown.
- Rings of $5,000 or more booked online get 10% off.
Want an exact number? Design your ring online and send it to us, request a quote, or book a free consultation.