Buying an engagement ring comes down to six decisions: budget, diamond, shape, setting, metal and timing. Half our Canadian orders were quoted between $5,100 and $7,000 CAD, most rings take 10 to 12 weeks from deposit to door, and 76% of our couples pick yellow gold. Here is each decision, with the numbers from the rings we build.
By Clint Casmiro, co-founder · Updated October 22, 2026
The centre diamond is usually more than half the cost, so the budget picks the stone before anything else does. Half our Canadian orders were quoted between $5,100 and $7,000 CAD. Our listed settings start at $1,499 CAD, and a complete ring with a 2 carat lab grown diamond starts at $3,250 CAD.
The numbers in detail: how much to spend on an engagement ring, what a custom ring costs in Canada and lab grown ring prices by carat.
Lab grown or natural is the first call. Both are diamonds, and every stone of 1 carat and up comes with an IGI certificate that says which. You see the actual stone on video before it is set.
Our diamond buying guide covers colour, clarity and cut, and why VS1 is enough. Weighing alternatives? Read lab grown diamond vs moissanite and lab grown engagement rings.
Shape moves the price as much as the look; does diamond shape change ring price has our numbers, and emerald cut vs cushion compares two favourites.
The setting is where a custom ring shows. Our tulip basket (over 1,000 built), a hidden halo, a low profile ring that won't snag, a split shank or a half bezel. All of them side by side in engagement ring styles.
76% of our ring orders are yellow gold, and we usually recommend 14K: more durable, and it scratches less than 18K. Plan the wedding band with the ring, because a low setting or a tulip basket decides whether a straight band sits flush. See yellow gold engagement rings, wedding bands and curved vs straight bands.
Most rings take 10 to 12 weeks from deposit to your door. Half of the price starts about three weeks of 3D design: you mark up a CAD file, then approve a 360 render, and we find your diamond in that time. Then about eight weeks from bench to door, and it ships free and insured.
See the CAD design and 3D renders, the five steps, and if you have a date, when to order and the Valentine's Day proposal ring timeline.
Every ring comes with a one year warranty. A third party appraisal for insurance is $100 CAD, and engagement ring appraisal and insurance in Canada lists what to keep on file.
There is no rule that fits everyone. Half our Canadian orders were quoted between $5,100 and $7,000 CAD; pick a number you are comfortable with and let it decide the diamond. More in how much to spend.
Both are diamonds. Stones of 1 carat and up come with an IGI certificate that states which one it is. Our lab grown engagement rings page compares them.
Most rings take 10 to 12 weeks from deposit to door, about three weeks of that in 3D design.
On our ring orders from December 2025 to October 2026, 76% were yellow gold. Full numbers in the SMIRO Ring Report.
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