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0.2 carat diamond ring Buying Guide

Learn how to save up to $240 with our comprehensive guide.
We've created a guide that will help you get the best value for your money when shopping for a 0.2 carat diamond ring. We will show you areas where you should not cut corners and areas where you can save money. Additionally, we will highlight exactly where you can find your dream ring, or possibly even one that is much better than what you expected.
Would you rather buy now and skip the lessons?
We have compiled the top deals for 0.2 carat diamond rings available online. Click the links below to check out our recommended options.

Diamond Price Guide Overview
8 buying lessons - 5-10 min total read time

Purchase a premium 0.2 carat diamond ring at the lowest price.

In the upcoming lessons, we will demonstrate how you can obtain a stunning 0.2 carat diamond ring that is both affordable and radiant. We will educate you on maximizing your budget and preventing deceitful practices from diamond companies.
Average Price
$415.33
Price Range
$270-$570
Our Max Savings
$240
Lessons 1-4  ∴  Save Money 
Lessons 4 & 5  ∶  Spend Money 
Lessons 6-8  ∴  Personalize & Decide 
⤫ 40% Cash Savings

Lesson 1

Buying Online

Diamond rings are much more affordable when bought online. Brick-and-mortar stores can be up to 40% more expensive and offer a limited range of options.
$180 Cash Savings

Lesson 2

Clarity

You can possibly cut the cost of your diamond ring in half with our smart tips on clarity. We are dedicated to assisting you in saving a lot of money.
$110 Cash Savings

Lesson 3

Color

The color of a diamond plays a big role in determining its price. We are here to help you understand how to use this information to your advantage and save money.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

You can save up to 85% on a 0.2 carat diamond ring by choosing a lab-grown one, but remember, it's unlikely that you'll be able to sell it later.
☺ Spend Money

Lesson 4

Carat Weight / Size

Since women tend to prefer bigger diamonds, it would be wise to allocate more of your budget towards that. We are here to assist you in maximizing the size of your diamond while finding ways to save money in other aspects.
☺ Spend Money

Lesson 5

Cut, Sparkle & Brilliance

The way a diamond is cut is the most important aspect of its overall appearance. It's not the time to save money, as it determines the diamond's sparkle and noticeable appearance.
≔ Personalize

Lesson 6

Shapes

Each shape of a diamond ring has its own distinct appearance and sparkle. We will demonstrate the one-of-a-kind look and how the light interacts with each shape.
≔ Personalize

Lesson 7

Setting / Band

Opting for a solitaire ring can help you save some cash and enhance the visibility of your diamond. However, it's important to consider that personal preferences also play a role in making this decision.

Lesson 1 - Buy Online
Up to 40% savings here

Instantly lower the price of your 0.2 carat diamond ring online by up to 40%.

Consider this: purchasing your engagement ring online. Websites such as Blue Nile and James Allen provide significant discounts, reducing prices by up to 40% compared to physical stores. Additionally, you'll have access to a wider range of options and customization features. This way, you can find the ideal ring that suits both your preferences and budget.

Click on one of the 'shop now' links below to start creating a 0.2 carat diamond ring that is both affordable and of excellent quality!

If you're ready to start shopping right away, simply click on any of our links. They will direct you to the best deals on high-quality diamonds from the leading online diamond companies.

Our Money Saving Links

Watch us compare pricing with retail stores and our favorite online brands

Ease of Use
Pricing
Selection
Customer Service
Best overall experience, great selection, 24/7 customer support
Ease of Use
Pricing
Selection
Customer Service
Another excellent website for very well priced diamond rings.
Ease of Use
Pricing
Selection
Customer Service
They focus on ethically sourced diamonds. Best option for karma free rings
Ease of Use
Pricing
Selection
Customer Service
They focus on ethically sourced diamonds. Best option for karma free rings
Ease of Use
Pricing
Selection
Customer Service
Mostly here to show you how retail companies are not high quality. 

Lesson 2 - Clarity

The most important thing to consider when buying a 0.2 carat diamond ring is the clarity of the diamond.

⊗ Up to $194 savings with these tips
Watch us save thousands of dollars by simply selecting the right clarity range.

What is Clarity?

When we talk about clarity in diamonds, we're basically talking about how visible the flaws are. But it's important to note that most flaws can only be seen with a 10x magnifying glass. Diamond clarity goes from 'flawless' to 'included'. In the middle, you'll find classifications like VS1, VS2, and SI1. These diamonds might have flaws that can only be seen with 10x magnification. To the naked eye, they look completely clear, so nobody will notice any imperfections when they admire your ring!

Optimal Clarity Range for a 0.2 carat diamond ring

Choosing a diamond in the VS2-SI1 clarity range for your 0.2 carat diamond ring can lead to significant savings of up to $194 off the total price. We suggest considering the VS2 clarity for its excellent balance of affordability and clarity. However, it is also worth noting that SI1 diamonds should not be underestimated. By dedicating a few minutes to browse through available options, you can discover SI1 diamonds that possess a flawless appearance.

One more important tip! Always avoid "cloudy"

This one is simple. Always avoid cloudy diamonds found in the GIA certificate. This is the one flaw that really matters for brilliance. 
☆ These diamonds have identical carat, cut, & color 
Not Recommended
Go with this clarity
FL
IF
VVS1
VVS2
VS1
VS2
SI1
‹ drag left or right ›

FL - Flawless

Cost - $627 This diamond is absolutely flawless, without any imperfections at all. However, considering the cost, it's extremely expensive. Savings - You could save $236 - $277 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

IF - Internally Flawless

Cost - $570 This diamond is flawless on the inside, meaning it has no imperfections internally. However, it might have some flaws on the outside. This is also going a bit overboard. Savings - You could save $179 - $220 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS1

Cost - $470 The diamond is nearly flawless, but considering its cost, it's still overly expensive. Savings - You could save $79 - $120 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $447 These diamonds are really impressive and the prices are more reasonable, but we still recommend choosing a diamond with a lower clarity. Savings - You could save $56 - $97 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VS1 - Very Slightly Included

Cost - $400 If you come across an amazing deal for a diamond with excellent clarity, that's fantastic. However, the clarity tiers that follow are the best option in terms of cost-effectiveness and value. Savings - You could save $9 - $50 with a VS2, SI1, or SI2 diamond

‹ drag left or right ›

VS2 - Very Slightly Included

Cost: 391 Total Savings: $9 - $179 This diamond clarity is the best choice if you want to find the perfect diamond without spending too much. These diamonds will look flawless to you, as any flaws are impossible to notice.
‹ drag left or right ›

SI1 - Slightly Included

Cost: $433 Total Savings: $-33 - $137 You won't find a better deal on diamond clarity than this one. Just remember, not all SI1 diamonds are the same. While some may not impress you, many are truly outstanding and could easily be mistaken for a VS2.

Lesson 3 - Color

The cost of a 0.2 carat diamond ring is greatly influenced by the color of the diamond chosen.

⊗ Up to $161 savings with these tips
Watch us save thousands by purchasing diamonds in the right range

What is Color?

Diamonds can come in a yellowish hue or have no color at all. The GIA categorizes them from D (no color) to Z (yellow or brown). Most diamonds used in jewelry have a slight color, falling within the G-H range. You can only notice faint color differences when comparing them to higher-grade diamonds like D, E, or F. While color becomes more noticeable in larger diamonds, a diamond in the G-H range will still look almost colorless and be less expensive than a D-grade diamond, which is colorless.

Optimal Color Range For A 0.2 Carat Diamond Ring

Choosing the right color grade for a 0.2 carat diamond ring can lead to significant cost savings. Instead of paying premium prices for D-F graded diamonds, consider selecting a diamond in the G-J range. This decision can still result in a stunning piece while saving you as much as $161, in addition to any savings from making wise choices regarding clarity. For a more intricate design like a halo diamond ring with numerous smaller diamonds encircling the main stone, it is advisable to opt for a central diamond in the G-H color range. This approach helps prevent any noticeable color contrast that may arise with I-J graded diamonds when compared to the smaller diamonds in the halo, which are typically colorless or near-colorless.
Clearest Color
Best Value
Sometimes Ok
D
E
F
G
H
I
J
< drag left or right >

D color

Cost - $520 This diamond is colorless, meaning it has no hints of yellow, you can find these at a good price, but it is not as common. Savings - You could save $88 - $114 with a G or H colored diamond
‹ drag left or right ›

E color

Cost - $488 An E color diamond is a rare, colorless gem of exceptional beauty and value. You can sometimes find them at a great price. Savings - You could save $57 - $83 with a G or H colored diamond
‹ drag left or right ›

F color

Cost - $459 These are near-colorless with only slight traces of color, making it an attractive choice. You'd really have to look closely to figure it out Savings - You could save $28 - $53 with a G or H colored diamond
‹ drag left or right ›

G color

Cost - $432 These are near-colorless with only slight traces of color, making it an attractive choice for it's quality and price. You'd really have to look closely to notice any color Savings - You could save $26 with an H colored diamond
‹ drag left or right ›

H color

Cost - $406 Total Savings: $26 - $114 These are near-colorless with only slightly more noticable hint of color, further making it an attractive choice for it's quality and price. You'd need to have a trained eye to see the color flaw in this one without having a colorless diamond next to it.
‹ drag left or right ›

I color

Cost - $381 Total Savings: $50 - $138 These begin to have a bit more noticable hint of color especially when next to colorless diamonds. These still have unnoticable color if placed on a solitaire ring, but we do not recommend these on a halo ring.
‹ drag left or right ›

J color

Cost - $358 Total Savings: $73 - $161 These also have a slightly more noticable hint of color especially when next to colorless diamonds. These still have unnoticable color if placed on a solitaire ring, but we do not recommend these on a halo ring.

Lab Grown Diamonds

Lab grown diamonds can often cut prices in half and no one will ever notice the difference. 

Lesson 4 - Lab Grown
Save up to 85% on your diamond ring.

Save up to $300 on your 0.2 carat diamond ring with the choice of lab grown diamonds.

Lab-grown diamonds, which are created in a lab rather than mined from the earth, have the same visual qualities as diamonds found in nature. They are produced in a more environmentally friendly and ethical manner. Additionally, lab-grown diamonds are more readily available and therefore much more affordable. In fact, the cost of a lab-grown diamond can be up to 85% lower than that of a comparable natural diamond.

If you find yourself needing to sell your 0.2 carat diamond ring, choosing a lab-grown diamond can help minimize your financial loss.

Choosing the right color grade for a 0.2 carat diamond ring can lead to significant cost savings. Instead of paying premium prices for D-F graded diamonds, consider selecting a diamond in the G-J range. This decision can still result in a stunning piece while saving you as much as $161, in addition to any savings from making wise choices regarding clarity. For a more intricate design like a halo diamond ring with numerous smaller diamonds encircling the main stone, it is advisable to opt for a central diamond in the G-H color range. This approach helps prevent any noticeable color contrast that may arise with I-J graded diamonds when compared to the smaller diamonds in the halo, which are typically colorless or near-colorless.
Explore Lab Grown 

Lesson 5 - Carat / Size

Focus your money on carat weight when you are shopping for a diamond ring.

Why is Carat Important?

When you imagine a diamond ring, what do you picture? That's correct - the size of the main diamond. Women also prioritize size, so if you're unsure where to invest your money, we advise focusing on carat weight - it's the ultimate size determinant in the diamond industry.
Watch us compare sizes and help you visualize what you want. 

When you're shopping for a diamond ring with a 0.2 carat weight, make sure to select from this specific carat range.

You might want to check out diamonds that fall in the 0.18 to 0.22 carat range. This will allow you to see some great price differences without a major difference in size.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

The cut of a diamond is what gives it that beautiful sparkle. For your 0.2 carat diamond ring, make sure to choose either an ideal or excellent cut.

Find out why cut makes diamonds sparkle and why you want ideal or excellent cut diamonds.

What is Cut?

Are you on the hunt for an absolutely stunning 0.2 carat diamond ring? Keep in mind, it's the cut of the diamond that truly makes it shine and dazzle. The exquisite and flawless angles of the diamond's facets are what give it its extraordinary sparkle and brilliance.

What diamond companies don't want you to know

The idea that a diamond cut to perfection, with every detail meticulously crafted for ultimate shine, will always be the priciest is not completely accurate. Believe it or not, there are instances when a diamond with a "Fair" cut, having the same carat weight, color, and clarity, can actually come with a heftier price tag. It may sound a bit odd, but diamonds that are poorly cut can give off the illusion of being bigger while lacking the sparkly and dazzling effect you yearn for. A diamond without its sparkle is like a book that has lost its words.

Last but not least, make sure to go for GIA Certified Excellent Cut Diamonds (sometimes referred to as "Ideal" Cut).


Never Buy These
Definitely Buy These
Fair
Good
Very Good
Ideal
Excellent
‹ drag for sparkle ›

Fair Cut Diamond

Look at that dull sparkle... not much to write home about. Stay away from these.
‹ drag for sparkle ›

Good Cut

Still pretty bland in the sparkle area... stay away from these. 
‹ drag for sparkle ›

Very Good Cut

Getting better, but you don't save much money to  
‹ drag for sparkle ›

Ideal Cut

The is as low as you should go
‹ drag for sparkle ›

Excellent Cut

Blue Nile calls it Astor, James Allen calls it True Hearts, and Brilliant Earth calls it Truly Brilliant. 

Regardless, excellent cut diamonds have incredible sparkle.

Lesson 7 - Shape

The brilliance of diamonds is influenced by their shape, and specific shapes can contribute to the perceived value of a 0.2 carat diamond ring.

What is Diamond Shape?

In the realm of diamonds, the style refers to the shape it takes on, such as round, oval, and various others. Certain shapes have the power to make a diamond appear bigger, while others add a touch of brilliance and a timeless charm. So, delve into this section and explore a collection of 0.2 carat diamond rings in assorted shapes using our shape tool.

What shape to choose?

It's a good idea to recognize that certain diamond shapes can make it seem like the stone is bigger, and right now there are some popular shapes available. But, the most important thing is to concentrate on what speaks to you and brings you joy when deciding which shape to choose. For those who want some guidance, a brilliant cut diamond that includes Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant shapes might be the perfect option. Out of these choices, Round diamonds are the most commonly picked, but Oval and Marquise shapes can make the diamond appear larger even if it weighs the same.
Watch us compare shapes so you can see exactly what style you prefer. 

Explore other diamond shapes

Try out different diamonds

Hand Diamond
Round
Marquise
Princess
Emerald
Cushion
Oval
Pear
Asscher
Radiant
Heart

Lesson 8 - Setting

The band can completely change the appearance of a 0.2 carat diamond ring.

What is setting?

The part of the diamond ring that is made of metal is called the band and is commonly known as the setting. Usually, it is made of gold and comes in different shades like white, yellow, or rose. Another option is a platinum band. The setting plays a vital role in the overall appearance of your 0.2 carat diamond ring. It allows you to display your personal style. Below, we have mentioned the three most popular settings. Regardless of the setting you pick, we recommend going with 14k gold. Keep reading to find out why we suggest this.
The setting or band is really important for making your diamond look bigger and better. 

You should choose a 14K Gold band.

Pay attention to this important rule. Avoid choosing 18k or 24k gold for your setting. Instead, rely on 14k gold. While 18k and 24k gold may be more pure, they are very soft and bendable. If your band, which secures your valuable diamond, easily bends, there is a greater chance of your diamond becoming loose and falling out. Many people have experienced this common issue.

Solitaire Ring - A Thin Band Makes Your Diamond Appear Bigger.

Studies indicate that the majority of women desire a big diamond. To highlight the visual size of a 0.2 carat diamond ring, envision a setting with a thin, delicate single band. The contrast between the dainty band and the substantial diamond can give the illusion of a larger gem. To enhance this illusion, contemplate settings that include small accent diamonds along the band. They add a decorative touch without overshadowing the main diamond.

Halo: Increase the size of your diamond by surrounding it with tiny gems.

One way to make your 0.2 carat diamond ring appear larger is to opt for a halo setting. This style includes smaller diamonds encircling the main gem, enhancing its brilliance and creating the illusion of a bigger size. To achieve an even more noticeable effect, you could consider a double halo setting. When combined with a slim band, this setting can make a smaller diamond look much larger, giving the impression of a more extravagant ring.

Maintain the Main Diamond's Dominance

A lot of ladies like their diamond to appear big. If your ring band is too fancy or wide, it could draw attention away from the diamond, making it seem smaller in comparison. If your primary interest is the 0.2 carat diamond ring itself, a simpler band would be your top choice. On the other hand, if the overall design of the ring matters most to you, a more intricate band might be perfect, but remember, this could reduce the visibility of the diamond.

Build a Custom 0.2 carat diamond ring Starting with Our Curated Diamond Selections For The Best Deals

Designing your own jewelry is a personal journey that allows you to create a piece that reflects your one-of-a-kind style and individuality, all without spending a fortune compared to retail prices. With reputable brands such as Brilliant Earth, James Allen, and Blue Nile, you have the freedom to personalize every aspect of your ring, from choosing the diamond's shape to selecting the band's design.
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Watch us take you through the entire building process on our favorite websites.

Shop online with one of our respected partners to make your purchase. Each link will take you to the top deal for a diamond ring.

We have rated each company and every "Shop Now" link will take you to the best prices for high-value diamonds. In simple terms, it uses our specific settings on every website to find the best deals on what you're looking for. Enjoy a wide variety of choices, personalized rings, and excellent customer service.

Our Money Saving Links

Watch us compare pricing with retail stores and our favorite online brands

Ease of Use
Pricing
Selection
Customer Service
Best overall experience, great selection, 24/7 customer support
Ease of Use
Pricing
Selection
Customer Service
Another excellent website for very well priced diamond rings.
Ease of Use
Pricing
Selection
Customer Service
They focus on ethically sourced diamonds. Best option for karma free rings
Ease of Use
Pricing
Selection
Customer Service
They focus on ethically sourced diamonds. Best option for karma free rings
Ease of Use
Pricing
Selection
Customer Service
Mostly here to show you how retail companies are not high quality. 

Virtual Appointment

Let us help you get help by the industry leaders. When you click the button below we will help you choose where to set up your appointment.
Book Appointment

Frequently Asked

Did you want to know even more? Wow you're a great student!

How much is a 0.2 carat diamond ring worth?

A 0.2 carat diamond ring is worth an average price of $400, with a price range of $270-$570.

How big is a 0.2 carat diamond ring?

A 0.2 carat diamond ring has a diameter of 3.7mm. This makes it significantly smaller than a 0.7 carat diamond ring, which has a diameter of 5.6mm. When compared to a 0.3 carat diamond ring, the difference is barely noticeable, as the 0.3 carat diamond ring has a diameter of 4.2mm.

What does a 0.2 carat diamond ring look like like on a hand?

A 0.2-carat diamond ring is quite small and delicate on a hand. It has a round-cut shape with a width of approximately 3.8mm, which takes up about 22.5% or slightly less than a quarter of the finger's width.

What is the price of a 0.2 carat diamond ring?

The price of a 0.2 carat diamond ring falls within the range of $270 to $570.

Is a 0.2 carat diamond ring good enough?

Yes, a 0.2 carat diamond ring can be considered good enough for some individuals. While it may not have the same level of visual impact as larger diamonds, it can still possess its own charm and elegance. The quality of the diamond, including factors such as cut, clarity, and craftsmanship, can also greatly influence its overall appeal. Ultimately, the preference for diamond size varies among individuals, and what matters most is finding a diamond ring that brings joy and satisfaction to the wearer.

Is a 0.2 carat diamond ring big?

No, a 0.2 carat diamond ring is not considered big. The average carat weight for a diamond engagement ring is about 1.2 carats, so a 0.2 carat diamond is significantly smaller. It may be more delicate and subtle in appearance. However, smaller carat weights can still be beautiful and elegant choices for those who prefer a more understated look.

What does a 0.2 carat diamond ring weigh?

A 0.2 carat diamond ring weighs 0.04 grams.

Should I get a 0.2 carat diamond ring?

A 0.2 carat diamond ring is a more affordable option, but it may lack the larger size and presence of a larger diamond.

Is a 0.2 carat diamond ring too big?

No, a 0.2 carat diamond ring is not too big.

Is a 0.2 carat diamond ring small?

A 0.2 carat diamond ring can be considered small. The size of the diamond will appear smaller on most fingers. However, factors such as the cut and setting of the ring can also affect how the diamond is perceived.
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