Engagement Rings Under $5,000 CAD

Emerald cut diamond in a half bezel set low on a gold band, angled side view

Engagement rings under $5,000 CAD, with a real diamond in the middle.

45 of the 46 engagement rings we list come in under $5,000 CAD with a 2 carat lab grown diamond in 14K gold, 37 with a 3 carat and 17 with a 4 carat, as of October 2026. Prices include the centre stone. Half our Canadian orders were quoted between $5,100 and $7,000 CAD.

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Emerald half bezel: $3,250 CAD with a 2 ct lab diamond.

  • 45 of 46 listed rings2 ct lab, under $5,000 CAD
  • 37 of 463 ct lab, under $5,000 CAD
  • 17 of 464 ct lab, under $5,000 CAD
  • $3,100 CAD with a 2 ct lab diamondLowest

By Clint Casmiro, co-founder · Updated October 22, 2026

What does $5,000 CAD buy?

On our listed rings, a lab grown diamond of 2 to 4 carats in 14K gold, depending on the setting. Our cushion compass cathedral is $3,100 CAD at 2 carats, $3,800 CAD at 3 and $4,500 CAD at 4. The detail decides the rest: a hidden halo, engraving or extra stones each add to the price. The spread of real quotes is on pricing.

Cushion cut diamond held by compass set prongs on a yellow gold cathedral band, back angle
Cushion compass cathedral.

Is $5,000 CAD enough for a custom ring?

For a ring we list, yes: almost all of them come in under it at 2 carats, and our made to order settings start at $1,299 CAD plus the diamond. Our median US ring order is about $4,000 USD, centre stone included, so a fully custom design at $5,000 CAD is tighter, and we'll tell you honestly on the call. Where the money goes is in how much to spend on an engagement ring and custom engagement ring cost in Canada.

Oval diamond in a six prong tulip basket with a hidden halo on a yellow gold split shank, back angle
Oval six petal tulip: $4,400 CAD with a 3 ct lab diamond.

Questions we get

Can I get a 3 carat engagement ring under $5,000 CAD?

Yes. 37 of our 46 listed rings come in under $5,000 CAD with a 3 carat lab grown diamond in 14K gold, as of October 2026.

Are these prices with the diamond?

Yes. Every price on this page includes an IGI certified lab grown centre stone and the 14K gold setting.

What about $5,000 USD?

US clients are quoted in US dollars on the call. Our median US ring order is about $4,000 USD, centre stone included.

Does platinum fit under $5,000 CAD?

At 2 carats, on 37 of our 46 listed rings. Platinum adds $650 CAD over 14K gold.

Can I pay in parts?

Half starts your design and diamond search, and the balance is due when you've seen the finished ring on video.

Start with a price.

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