It is no secret that engagement and wedding rings are expensive, however, the amount of money spent on a few of the most expensive rings might just blow you away. Million-dollar engagement rings are absolutely show stoppers and are usually custom-made because of how expensive they are.
Whether you are in search of expensive diamond rings or you are looking for some ring inspiration to add to your engagement ring mood board you should continue reading. This article will highlight what you need to know about the most expensive rings, including a list of the most expensive engagement rings and wedding rings.
Factors that affect the price of diamond rings
You might be wondering exactly what makes an engagement ring worth millions of dollars well, the price of any engagement ring is influenced by quite a few factors. These factors will stay the same whether you are looking at the world’s most expensive engagement or the cheapest Engagement. The factors that affect the price of diamond rings includes:
The quality of a diamond is based on the Four Cs, which include carat, cut, clarity, and colour. The carat of a diamond refers to the weight of the diamond, the heavier a diamond is the higher the carat level the diamond will be. A one-carat diamond weighs around 0.200 grams, diamonds that are heavier in grams will have a carat level and are more expensive.
The cut of a diamond refers to the proportions of the diamond and how equal they are. When looking that the cut of a diamond factors like the facts, angels and surfaces of the diamond is taken into account. The cut of the diamond impacts the brilliance of the diamond, this is why diamonds with a higher cut are more expensive.
The clarity of a diamond refers to the purity and rarity of the diamond. Diamonds with a high clarity do not have any blemishes or impurities making them more expensive. The colour of a diamond refers to how colourless a diamond is. The more clear and colourless a diamond is the more expensive it will be.
The type of metal used in the ring will also impact the price of the ring because certain precious metals are more expensive than others. Different types of metals will have differs in their level of durability, as well as rarity. The majority of the most expensive rings are made using platinum, which is one of the more expensive types of metal. Other types of metal that are also often used in expensive rings usually include palladium, white gold, gold, and rose gold.
The type of setting s ring has will usually impact the price of the ring, usually
custom rings tend to be more expensive. Preset rings that have been set with more diamonds will also be a bit more expensive compared to a ring with just the main diamond. A few popular settings include:
- Solitaire setting
- Halo setting
- Double halo setting
- Three stone setting
- Channel setting
- Bezel setting
The brand that a ring is manufactured and bought from will influence the price of the ring. Rings that are sold by luxury jewelry brands tend to be much more expensive than rings sold by local brands.
Engagement rings expensive brands
When looking at the most expensive engagement rings a common factor that you might notice is that most of these are made by the same brands. The reason for this is that most million-dollar engagement rings are made by luxury jewelry brands that are well known not only for their excellent craftsmanship but also for their hefty price. The luxury brands that make the majority of the world’s most expensive engagement rings include:
Tiffany & Co.
Tiffany & Co. is a French-owned American jewellery company which is arguably one of the most popular jewelry brands in the world. After all, the term ‘little blue box has been used in many films and is a popular reference to this day. Tiffany & Co. was founded in 1837 and has been making iconic jewelry pieces ever since.
Harry Winston is another well-known jewelry brand that is most famously known for its luxurious engagement rings and timepieces. The American company was founded in 1932 and has produced some of the most expensive engagement rings in the world. This includes Jackie Kennedy Onassis’s iconic $20 million US dollar engagement ring.
DeBeer is an English luxury jewelry brand which had been founded in 1888. The well-known brand is famous for the diamonds as they specialize in diamond trading and diamond mining. This luxury jewelry brand has created some of the most expensive diamond rings.
While Cartier is popularly known for its timepieces, the brand has been responsible for a few of the most expensive rings. The French luxury jewelry brand was founded in 1847 and is also popularly known for its diamond pieces.
The 11 most expensive engagement rings
When it comes to the world’s most expensive engagement rings and most expensive wedding rings these pieces fall into the price category of being millions of dollars. Typically, these rings will have a high-quality metal, a large number of carats, and a high level of cut, clarity, and colour.
We have listed the most expensive engagement rings which also happens to be a list of the most expensive celebrity engagement rings because these are the type of people who tend to buy these high-priced jewelry pieces. This list starts with the most expensive which include:
Grace Kelly (US $38.8 million)
Grace Kelly’s engagement ring which converts to around CA $50 million was given to her by Prince Rainier III of Monaco in 1955. This million-dollar ring was designed by Cartier and has 10.48-carats, with an emerald cut diamond and baguette side stones.
Jackie Kennedy Onassis - (US $20 million)
First Lady, Jackie Kennedy Onassis was given her impressive engagement ring by President Kennedy in 1953. This impressive diamond engagement ring converts to approximately CA $25 million. The ring had quite a unique design featuring two diamonds that were both emerald cuts. The first diamond cut on the ring was a 2.88-carats and the second diamond cut was a 2.84-carats. The ring also featured a few baguette-cut diamonds which sat on the band of the ring.
Mariah Carey - (US $10 million)
Mariah Carey’s engagement ring converts to around CA $12.8 million and was given to her by James Parker. This ring featured a 35-carat emerald cut diamond and also features two side stone baguette diamonds.
Elizabeth Taylor - (US $8.8 million)
Elizabeth Taylor’s iconic diamond ring converts to around CA $11 million, which was given to her by Richard Burton in 1968. This ring had been previously owned by Vera Krupp and was later bought by Burton in an auction. The was an impressive 33.19- carat, emerald cut diamond.
Kim Kardashian - (US $8 million)
Kim Kardashian’s engagement ring converts to around CA $10 million and was presented to her by Kanye West. The ring features a 20-carat diamond which was an emerald cut with an infinity band.
Beyoncé Knowles - (US $5 million)
Beyoncé’s engagement ring converts to CA $12.8 million and was given to her by Jay-Z in 2008. The impressive diamond ring features a 24-carat emerald cut diamond with two infinity bands, giving the ring a unique design.
Paris Hilton - (US $4.7 million)
Paris Hilton was given her stunning engagement ring to her by Jason Shaw in 2002. The impressive ring converts to around CA $6 million and features a 24-carat pear-shaped diamond.
Jennifer Lopez - (US $4.5 million)
Jennifer Lopez has had quite a few impressive engagement rings that have all been very expensive, however, the most expensive engagement ring the Singer and Actress have received was from Alex Rodriguez. The price of this ring converts to around CA $25.7 million and features a 20-carat emerald cut diamond.
Vanessa Bryant - (US $4 million)
Vanessa Bryant’s engagement ring converts to around an impressive CA $5 million and was given to her by Kobe Bryant. This ring features an 8-carat purple diamond, which makes this ring unique.
Kate Middleton - $3.4 million
Kate Middleton, Duchess of Cambridge’s engagement ring was given to her by Prince William Duke of Cambridge in 2010. This engagement is around CA $4.3 million and features a 12-carat oval blue sapphire with an 18K white gold setting.
Anna Kournikova - (the US $2.7 million)
Anna Kournikova was given her beautiful and expensive engagement ring by Enrique Iglesias. The price of this ring is around CS $ 3.4 million and features an 11-carat pink diamond. The ring features a pear-shaped center diamond surrounded by trillion cut diamonds.
When it comes to the most expensive engagement rings, it is safe to say celebrities save no expense. After all, all of the engagement rings that have been ranked as the world’s most expensive engagement rings are owned by celebrities. These engagement rings range from $ 2 million to $38.8 million dollars.
While the key factors that make these rings so expensive consist of the diamond quality, the type of metal that is used, and the setting of the ring. Another factor that contributes to the price of the ring is the brand that has made this million-dollar ring. The majority of the most expensive rings are made by luxury jewlwery brands like Harry Winston, Tinfay & Co., DeBeer, and Cartier.