6 Cheap Alternatives to Diamonds For Engagement Rings

In this article, we will list 6 cheap alternatives to diamonds for engagement rings. If you want to read our discussion about the global diamond industry, go to 10 Cheap Alternatives to Diamonds For Engagement Rings. 

6 – Moissanite 

Average Price Per Carat: $1800

Moissanite is sixth on our list of the 10 cheap alternatives to diamonds for engagement rings. It is one of the most rare naturally occurring minerals and can cost up to $30,000 per carat. Thankfully, most of the moissanite used in jewelry today is lab-grown, which provides an excellent and cheaper alternative to diamonds. It is often considered a diamond stimulant because of its similarity to the stone. Moissanite, however, has a higher refractive index compared to diamonds, giving it more brilliance and a ‘disco ball’ type of sparkle.