Engagement Rings Under 500

Discover a stunning array of pre-owned diamond engagement rings, featuring timeless solitaires and dazzling cluster rings, available in both white and yellow gold. These are the most affordable pieces in our pre-owned engagement ring collection, offering exceptional quality and a touch of luxury without compromise. Each ring is fully hallmarked, expertly inspected by our in-house specialists, and polished to perfection before it reaches you.

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Why Choose Charles Fish Engagement Rings?

With nearly 230 years in the jewellery business, we’ve built a reputation founded on trust, expertise, and exceptional quality. Many of our team members have been with us for decades, bringing a wealth of experience to everything we do.

Every one of these affordable diamond engagement rings comes with a certificate of authenticity, and we offer same-day dispatch for next-day delivery on orders over £49 (placed by 1pm, Monday to Friday), plus free 28-day returns (see our full returns policy).

While you may be exploring “cheap” engagement rings, note that every one of our listings, while less expensive than more luxury options, is still of the greatest quality and craftsmanship.

Our ever-evolving collection spans a wide range of eras and styles, so there’s always something unique to discover. And with new treasures added every single week, if you don’t find “the one” today, the perfect forever ring might just appear here tomorrow.

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How to Choose Engagement Rings from Charles Fish?

When choosing your ring, think about your lifestyle. As you’ll likely be wearing it every day, opt for something comfortable and practical - not too large or high-set. A more delicate design can be ideal for daily wear, while a statement piece might suit those who prefer something bold for special occasions.

Timeless designs are always a wise choice. Your engagement ring is something you’ll (hopefully!) wear for a lifetime, so look for a style that won’t date. Classic designs like solitaires, clusters, or three-stone rings are enduring favourites that never lose their elegance.

Consider your personal style, too. Does the ring complement your other jewellery? If you wear mostly yellow gold, you may choose to match your metals. But if you like mixing tones, don’t be afraid to combine yellow, white, and rose gold, which can create a look that’s effortlessly modern and personal.

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Which Engagement Rings Under £500 Are Most Popular?

Classic solitaires - with a single sparkling stone - remain a timeless and elegant choice for an affordable diamond engagement ring. Within this price range, you’ll find a variety of beautiful cuts, from round brilliant to emerald and pear.

If you’re dreaming of a larger-looking centre stone but it’s out of your budget, consider an illusion setting, designed to exactly what it says: to give the illusion of making the diamond appear bigger than it really is. For extra radiance, opt for a style with diamond-set shoulders - a subtle detail that adds dazzling impact.

Most importantly, remember that a meaningful engagement ring doesn’t have to come with a high price tag. Affordable can still mean exquisite — and perfect for forever.