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Diamonds Under $500

Affordable diamonds under $500 can be the perfect way to give the gift of brilliance on any budget. Whether you're shopping for a special occasion or just want to surprise your loved one with a stunning present, there are many options available that won't break the bank.




Quick Ship Diamonds
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Quick Ship Diamonds
Shop loose diamonds that ship in 2 days or less. Delivery dates may change if you add your diamond to a setting.
Best Value
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Best Value
Shop loose diamonds in our inventory that we have identified as being Best Value. Best price and balance of the 4C's on the market.
Ritani Reserve Ritani Reserve
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Ritani Reserve
Ritani Reserve Diamonds are an exclusive selection of diamonds that have the best cut which offers maximum sparkle. They reflect the most light, maximum brilliance, fire, and scintillation.
Shape
Shape influences the personality and price of a diamond.
Price
Many factors impact diamond price. With Ritani's Diamond Price Match Guarantee you can be confident you'll get the best price for a diamond. Tip: Tradition tells you to budget 2-3 months' salary for your ring. We say, just do you.
Carat
Carat is the measure of a diamond's weight and size. We offer an array of high-quality diamonds ranging from 0.18 to 25.00 carats- with 1.00 carat being the most popular.
Color
A diamond’s color grade actually measures how little color it reflects. To strike the best balance between cost and beauty, go for diamonds in the Near Colorless range: G, H, and I.
Clarity
Clarity indicates how many flaws are visible to the naked eye. Too many flaws can detract from a diamond's beauty.
Cut
Cut is the quality of a diamond’s proportions and symmetry. The better a diamond’s proportions and symmetry, the more sparkle it will produce. Cut is the most important of the 4 Cs.
Delivery Date
In a rush to get your diamond? Choose your ideal delivery date.
Type
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Polish
A well-polished diamond will have excellent light return.
Girdle Thickness
The girdle is the outer edge of the diamond, where the crown top meets the pavilion bottom.
Fluorescence
Some diamonds glow blue or green when exposed to UV light. Since fluorescence is rarely visible, it has minimal impact on the appearance of your diamond. To save money, go for medium fluorescence.
Price Per Carat
Crown Angle
Pavilion Angle
Width (mm)
Height (mm)
Length (mm)
Depth %
Depth percentage correlates with a diamond's sparkle factor. It is measured by dividing the diamond height by its diameter. For maximum sparkle, the depth percentage of a round diamond should be between 54% and 66%.
Length/Width Ratio
The proportional relationship between your diamond’s length and width. A perfect round diamond would measure equally 1-to-1, so its LxW ratio would measure as 1.
Symmetry
Symmetry tells you how well a diamond’s facets align to create sparkle. Diamonds with perfect symmetry create the most sparkle and earn a grade of Excellent or Ideal.
Table
Table percentage tells you how big a diamond’s topmost facet (aka table) is in comparison to its diameter (aka girdle). When that ratio is in the right range, a diamond will sparkle more.
Culet
The culet is the point at the bottom of the diamond. If the point has a facet on it, it can stop light from reflecting and detract from the diamond's sparkle. Choose a diamond with no culet for optimum sparkle.
Certificate
All of Ritani’s natural diamonds are certified by either the GIA or AGSL, the industry’s two most respected grading labs.
Polish
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A well-polished diamond will have excellent light return.
Excellent
Very Good
Good
Girdle Thickness
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The girdle is the outer edge of the diamond, where the crown top meets the pavilion bottom.
Thin
Medium
Sli. Thick
Thick
Very Thick
Ext. Thick
Fluorescence
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Some diamonds glow blue or green when exposed to UV light. Since fluorescence is rarely visible, it has minimal impact on the appearance of your diamond. To save money, go for medium fluorescence.
None
Faint
Medium
Strong
Very Strong
Price Per Carat
Crown Angle
Pavilion Angle
Width (mm)
Height (mm)
Length (mm)
Depth %
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Depth percentage correlates with a diamond's sparkle factor. It is measured by dividing the diamond height by its diameter. For maximum sparkle, the depth percentage of a round diamond should be between 54% and 66%.
Length/Width Ratio
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The proportional relationship between your diamond’s length and width. A perfect round diamond would measure equally 1-to-1, so its LxW ratio would measure as 1.
Symmetry
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Symmetry tells you how well a diamond’s facets align to create sparkle. Diamonds with perfect symmetry create the most sparkle and earn a grade of Excellent or Ideal.
Excellent
Very Good
Good
Fair
Table
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Table percentage tells you how big a diamond’s topmost facet (aka table) is in comparison to its diameter (aka girdle). When that ratio is in the right range, a diamond will sparkle more.
Culet
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The culet is the point at the bottom of the diamond. If the point has a facet on it, it can stop light from reflecting and detract from the diamond's sparkle. Choose a diamond with no culet for optimum sparkle.
None
Very Small
Medium
Slightly Large
Certificate
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All of Ritani’s natural diamonds are certified by either the GIA or AGSL, the industry’s two most respected grading labs.
Lab Diamond Growth Process
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Lab diamonds are made using two processes, HPHT and CVD. Both mimic the natural process of earth diamonds. LEARN ABOUT LAB DIAMONDS

Quick Ship Diamonds
Tool Tip Icon
Quick Ship Diamonds
Shop loose diamonds that ship in 2 days or less. Delivery dates may change if you add your diamond to a setting.
Best Value
Tool Tip Icon
Best Value
Shop loose diamonds in our inventory that we have identified as being Best Value. Best price and balance of the 4C's on the market.
Ritani Reserve Ritani Reserve
Tool Tip Icon
Ritani Reserve
Ritani Reserve Diamonds are an exclusive selection of diamonds that have the best cut which offers maximum sparkle. They reflect the most light, maximum brilliance, fire, and scintillation.
0.30 Carat Round Diamond
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Natural
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0.27 Carat Round Diamond
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0.30 Carat Round Diamond
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0.32 Carat Round Diamond
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0.32 Carat Round Diamond
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0.30 Carat Round Diamond
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0.30 Carat Round Diamond
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0.30 Carat Round Diamond
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GEMOLOGIST PICKS
These diamonds were hand picked by our in house gemologists who focus on balancing the 4 C's and best value pricing. Our gemologists are always here to help you find the diamond of your dreams. Chat Now
0.30 Carat Round Diamond
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Natural
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0.27 Carat Round Diamond
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0.30 Carat Round Diamond
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Chat with a gemologist
Did you know?
You can connect with a commission free gemologist instantly and receive a live diamond inspection on any diamond. You can also connect and shop together and compare up-to three diamonds at a time instantly. Try it out. Start your diamond concierge consultation today.
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0.29 Carat Round Diamond
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0.32 Carat Round Diamond
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0.32 Carat Round Diamond
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0.37 Carat Round Diamond
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0.37 Carat Round Diamond
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0.33 Carat Round Diamond
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0.30 Carat Round Diamond
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0.30 Carat Round Diamond
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0.30 Carat Round Diamond
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0.32 Carat Round Diamond
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0.23 Carat Round Diamond
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0.30 Carat Round Diamond
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0.31 Carat Round Diamond
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0.24 Carat Round Diamond
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0.32 Carat Round Diamond
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0.30 Carat Round Diamond
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Affordable diamonds under $500 can be the perfect way to give the gift of brilliance on any budget. Whether you're shopping for a special occasion or just want to surprise your loved one with a stunning present, there are many options available that won't break the bank.




Stunning Diamonds Under $500

If you're looking to purchase a diamond for under $500, there are a few things to keep in mind to ensure that you get the best value for your money. First, consider the 4 Cs of diamond quality: carat weight, cut, color, and clarity. While a larger carat weight may seem impressive, a well-cut diamond with high clarity and color ratings can offer more brilliance and sparkle for the price. 

To get the most out of your budget, consider shopping for fancy-cut diamonds with an ideal cut. These diamonds are cut to maximize their brilliance and sparkle, making them a stunning choice for any piece of jewelry. From stud diamond earrings to diamond rings, bracelets, and even engagement rings, there are plenty of options available at this price point that are sure to impress. Find the perfect diamond gift that fits your budget and your loved one's style.

Additionally, consider purchasing a diamond with a lower carat weight or a unique shape, such as a pear or marquise cut, which can offer a stunning and stylish look without breaking the bank. At Ritani, we offer a wide selection of high-quality diamonds priced under $500, so you can find the perfect diamond for your budget and your unique style.

If you need help selecting your Diamonds, reach out to us at 1-888-9RITANI or chat now.

Frequently Asked Questions

  • What are the 4 cs?
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    A diamond can be described in four words: Carat, Color, Clarity, Cut. Those four words, also known as the 4 Cs (because they all begin with the letter C. Duh 😁) will tell you almost everything you need to know about the diamond.

    Carat describes the weight of the diamond, measured in carats (1 carat is equivalent to 200 milligrams).

    Color tells you how white the diamond is. Some diamonds have a yellowish tinge to it caused by impurities in the diamond.

    Clarity tells you how clean the diamond is. A diamond can have inclusions (imperfections within the diamond) or blemishes (imperfections on the surface of the diamond).

    Cut describes a diamond's proportions, how shallow or deep it is cut and the angles of its facets. This is the most important of the 4cs as it will dictate how much your diamond sparkles!

  • How is a diamond formed?
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    A diamond is formed deep underneath the earth's surface. It starts out in the lowly form of graphite, such as you might find in the tip of your pencil. Over the course of hundereds of millions of years, the immense pressure and temperature produced deep inside the earth rearrange the carbon atoms into a crystal structure.

    Then miners dig deep tunnels under the earth and collect the rough diamonds. The rough diamond looks nothing like the sparkly diamond you are holding. It has an irregular shape, is very dirty and looks dull. The diamond is then cleaned, cut into it's desired shape, and finally polished into the beautiful diamond you are now holding!


  • What are the different diamond shapes?
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    Diamonds come in many different shapes. From the classic round cut diamond to the romantically shaped heart diamond, you are guaranteed to find a shape that pleases you.

    Here are the 10 modern diamond shapes, ranked in order of popularity: Round, Oval, Emerald, Cushion, Princess, Pear, Radiant, Marquise, Asscher, Heart.

  • What are conflict-free diamonds?
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    Conflict-free diamonds are diamonds that are mined ethically and legally without any connection to terror groups or war-torn countries.

    Although much more common in the past, conflict diamonds are now very hard to obtain in most countries thanks to the Kimberley process. The Kimberley process was established in 2003 by the United Nations to ensure that all diamonds are ethically sourced and are not used to finance wars.

    At Ritani, we go above and beyond that to make sure that all our diamonds are ethically sourced and come from companies that treat their workers fairly. We carefully select our suppliers and ensure that the diamond you get was mined ethically and conflict free.

  • How much does a diamond cost?
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    A diamond can cost anywhere between $200 and several million dollars depending on the 4 cs.