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0.2 carat oval diamond ring Buying Guide

With our guidance, it is possible to save up to $240.
This informative guide will teach you the most effective ways to make the most of your money when buying a 0.2 carat oval diamond ring. It provides advice on which features are worth investing more in and which ones can help you save money. It also points out where you can find the ring you desire or maybe even a better alternative.
Do you want to avoid learning and start purchasing right away?
We have compiled the top online deals for a 0.2 carat oval diamond ring. Check out our chosen options by clicking on the links below.

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

Get your hands on a top-tier 0.2 carat oval diamond ring for the lowest price.

In the upcoming lessons, you will discover tips to save a significant amount while purchasing a stunning 0.2 carat oval diamond ring. Additionally, we will guide you on avoiding deceptive practices by 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

Purchasing diamond rings online can help you save a significant amount of money. In brick-and-mortar stores, you might end up paying up to 40% more, and they usually have limited options to choose from.
$180 Cash Savings

Lesson 2

Clarity

Our tips on clarity can help you cut diamond ring prices in half. We're here to assist you in saving a substantial amount.
$100 Cash Savings

Lesson 3

Color

Color is another major factor that affects diamond prices. We will help you understand when you can save money by considering the diamond's color.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

Choosing a lab-grown diamond can save you a whopping 85% on a 0.2 carat oval diamond ring, but selling it later might be difficult.
☺ Spend Money

Lesson 4

Carat Weight / Size

Most women tend to prefer diamonds that appear larger, so it's a good idea to prioritize your budget towards that. We're here to assist you in achieving a bigger size without overspending in other aspects.
☺ Spend Money

Lesson 5

Cut, Sparkle & Brilliance

The diamond's cut plays a crucial role in its appearance. It's important not to compromise on the cut, as it determines how the diamond sparkles and stands out.
≔ Personalize

Lesson 6

Shapes

Every shape gives a diamond ring a distinct appearance and sparkle. We will help you understand the unique look and shine of each shape.
≔ Personalize

Lesson 7

Setting / Band

Choosing a solitaire ring can help you save some cash and give the illusion of a bigger diamond. However, it ultimately boils down to personal preference.

Lesson 1 - Buy Online
Up to 40% savings here

Save up to 40% instantly when you purchase your 0.2 carat oval diamond ring online!

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.

To start creating your own 0.2 carat oval diamond ring at an unbeatable price, simply click on the 'shop now' links provided below!

Excited to begin shopping? Our links will lead you to the most budget-friendly, top-quality diamonds offered by the finest 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

When shopping for a 0.2 carat oval diamond ring, the diamond's clarity is the major factor that affects its pricing.

⊗ Up to $256 savings with these tips
Watch us save thousands of dollars by simply selecting the right clarity range.

What is Clarity?

Diamond clarity refers to how many imperfections a diamond has that can be seen. However, when we say "detectable," we mostly mean that these flaws can only be seen with a 10x magnifying lens. Clarity in diamonds ranges from 'flawless' (FL) to 'included' (I), with classifications in between like VS1 (Very Slightly Included), VS2, and SI1 (Slightly Included). These diamonds usually have imperfections that can only be seen with a 10x magnifying glass, so they will appear perfectly clear to the naked eye - meaning nobody will notice any flaws when they look at your ring!

Optimal Clarity Range for a 0.2 carat oval diamond ring

Choosing a diamond in the VS2-SI1 clarity range for your 0.2 carat oval diamond ring can result in significant savings, potentially reducing the total price by up to $256. Considering the balance between price and clarity, we strongly suggest opting for a VS2 diamond for your 0.2 carat oval diamond ring. However, it is important not to disregard SI1 diamonds. By dedicating a few minutes to carefully examining the diamonds, you can discover ones that exhibit a virtually 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 - $275 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

IF - Internally Flawless

Cost - $570 The diamond is flawless on the inside, which means it has no imperfections. However, it may have some flaws on the outside. This is also a bit excessive. Savings - You could save $179 - $218 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS1

Cost - $542 The diamond is nearly flawless, but considering its cost, it's still overly expensive. Savings - You could save $151 - $190 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $515 These diamonds are really beautiful, but we recommend opting for a lower clarity option since our eyes can't tell the difference. Savings - You could save $124 - $163 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VS1 - Very Slightly Included

Cost - $412 If you are able to find a good deal within this specific range of clarity, that's great. However, the following clarity grades are the perfect match in terms of price and value. Savings - You could save $21 - $60 with a VS2, SI1, or SI2 diamond

‹ drag left or right ›

VS2 - Very Slightly Included

Cost: $391 Total Savings: $21 - $179 When it comes to finding the perfect diamond within your budget, this clarity is a winner. Most of these diamonds will look flawless to you because any imperfections are not visible.
‹ drag left or right ›

SI1 - Slightly Included

Cost: $371 Total Savings: $41 - $199 This diamond clarity offers the best value. However, it's important to note that not all SI1 diamonds are equal. While some may not meet your standards, many are exceptionally beautiful and can easily be mistaken for a higher grade like VS2.

Lesson 3 - Color

Diamond color is another significant pricing factor to consider when shopping for a 0.2 carat oval diamond ring.

⊗ Up to $138 savings with these tips
Watch us save thousands by purchasing diamonds in the right range

What is Color?

Diamond color is determined by the presence or absence of a yellow hue. The GIA rates diamond color on a scale from D (no color) to Z (light yellow or brown). When it comes to making jewelry, diamonds that are close to colorless, falling within the G-H range, are typically used. It can be difficult to spot any minor traces of color in these diamonds unless they are compared to higher-graded ones. It's important to note that the differences in diamond color are usually extremely subtle and may go unnoticed by someone without training. However, in larger diamonds, the color may become more noticeable. A diamond within the G-H range, which is almost colorless, will appear that way and be priced more favorably compared to diamonds that are more colorless.

Optimal Color Range For A 0.2 Carat Oval Diamond Ring

Choosing the proper color grade for a 0.2 carat oval diamond ring may lead to significant savings. Instead of spending premium costs on diamonds graded D-F, consider opting for a diamond within the G-J range. By doing so, you can still acquire a breathtaking piece while additionally saving up to $138, in addition to potential savings achieved through wise clarity decisions.
Clearest Color
Best Value
Sometimes Ok
D
E
F
G
H
I
J
< drag left or right >

D color

Cost - $445 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 $75 - $98 with a G or H colored diamond
‹ drag left or right ›

E color

Cost - $418 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 $49 - $71 with a G or H colored diamond
‹ drag left or right ›

F color

Cost - $393 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 $24 - $46 with a G or H colored diamond
‹ drag left or right ›

G color

Cost - $370 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 $22 with an H colored diamond
‹ drag left or right ›

H color

Cost - $348 Total Savings: $22 - $98 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 - $327 Total Savings: $43 - $118 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 - $307 Total Savings: $63 - $138 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 oval diamond ring with a lab grown diamond.

Lab-grown diamonds, also known as man-made diamonds, possess the benefit of appearing identical to natural diamonds, while being created through a sustainable and ethical process. Moreover, their affordability is enhanced due to their increased availability compared to natural diamonds. In fact, a lab-grown diamond can cost up to 85% less than a similar natural diamond.

If you ever decide to sell your 0.2 carat oval diamond ring, choosing a lab-grown diamond can help mitigate your financial loss.

Choosing the proper color grade for a 0.2 carat oval diamond ring may lead to significant savings. Instead of spending premium costs on diamonds graded D-F, consider opting for a diamond within the G-J range. By doing so, you can still acquire a breathtaking piece while additionally saving up to $138, in addition to potential savings achieved through wise clarity decisions.
Explore Lab Grown 

Lesson 5 - Carat / Size

When you're looking to buy a diamond ring, consider investing in carat.

Why is Carat Important?

Imagine a diamond ring. What's the most eye-catching aspect? Well, it's definitely the size of that dazzling diamond in the middle. When ladies are asked about their preferences, the number one priority is the size of the main diamond. Therefore, we recommend investing your budget in the carat weight, as it determines the diamond's size.
Watch us compare sizes and help you visualize what you want. 

Choose this Carat Range for a 0.2 carat oval diamond ring while shopping.

We recommend checking out diamonds that range from 0.18 to 0.22 carats. This will give you a variety of prices without a significant increase in size.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

The cut of a diamond is what gives it that special sparkle. When buying your 0.2 carat oval diamond ring, make sure to choose an ideal or excellent cut.

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

What is Cut?

If you're on the lookout for a stunning 0.2 carat oval diamond ring, it's important to consider the cut as it greatly impacts its shine and brilliance. The cut refers to how precisely and perfectly the diamond's angles are crafted.

What diamond companies don't want you to know

Many people assume that an 'Ideal' cut diamond, which is praised for its ability to sparkle brilliantly because of its perfect proportions, will always cost the most. However, this isn't always the case. In some situations, a 'Fair' cut diamond with the same carat, color, and clarity can actually be more expensive. This is because poorly cut diamonds may appear larger, but they lack the stunning sparkle and brilliance that you're looking for. A diamond that lacks sparkle is similar to a clock without hands.

Remember this final advice: stick with GIA Certified Excellent Cut Diamonds (commonly called "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

Some diamond shapes are more sparkly & some make 0.2 carat oval diamond rings look more expensive.

What is Diamond Shape?

When we mention diamond shape, we're referring to the way the diamond is cut, like round, oval, and more. Some shapes can give the illusion of a larger diamond, while others provide extra shine and a classic appeal. Check out our shape tool in this section to find a variety of 0.2 carat diamond rings with various shapes.

What shape to choose?

Sure, there are certain shapes that can create the illusion of a larger diamond and some shapes that are in vogue right now. However, at the end of the day, your choice should be guided by what appeals to you and brings you the most joy. If you can't decide, it's best to opt for a brilliant cut diamond that encompasses shapes like Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant. Out of these, Round is the most widely used shape. Additionally, if you want the diamond to appear bigger without increasing its carat weight, you should consider Oval and Marquise shapes.
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 has the ability to completely transform the appearance of a 0.2 carat oval diamond ring.

What is setting?

The part of the diamond ring that holds the gem, called the band, is known as the setting. Usually, it's made of gold and comes in different colors like white, yellow, or rose. Another option is a band made of platinum. The setting plays a vital role in the overall look of your 0.2 carat oval diamond ring. It's where you can display your individual style. Below, we've listed the top three popular settings. No matter which one 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. 

It's always best to go with 14K Gold when selecting your ring band.

Keep in mind this important rule. Avoid using 18k or 24k gold for your setting. Instead, go for 14k gold. Even though 18k and 24k gold have a higher purity, they are very soft and likely to bend. If the setting that holds your valuable diamond bends easily, there's a high chance that the diamond will fall out. This is a common problem faced by many people.

Solitaire - A Thinner Band to Make the Diamond Look Larger

According to surveys, most women prefer a big diamond. A ring with a thin and delicate band featuring a single diamond could make a 0.2 carat oval diamond appear larger. The contrast between the small band and the large diamond gives the impression of a bigger stone. Additionally, small diamonds incorporated into the band can enhance this effect, adding elegance without taking away from the main diamond.

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

Choosing a halo setting is a wise choice to enhance the appearance of your 0.2 carat oval diamond ring. This type of setting surrounds the main stone with smaller diamonds, creating a dazzling effect that makes the diamond appear bigger. If you're looking to go above and beyond, a double halo setting paired with a slender band can make even a small diamond seem much larger, giving the impression of a more extravagant ring.

The main diamond should be the focal point.

Many women prefer a diamond that looks big. A band that is too complicated or wide might take attention away from the diamond, making it appear smaller. If you want your 0.2 carat oval diamond ring to be the center of attention, you may consider selecting a simpler band that won't overpower it. However, if the overall design of the ring is more significant to you, a more detailed band might be more to your liking, but remember that it could affect the diamond's standout quality.

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

Creating a customized piece of jewelry is a unique journey that allows you to design a ring that perfectly reflects your individual style and personality, all at a much lower price than what you would find in stores. With well-known industry leaders such as Brilliant Earth, James Allen, and Blue Nile by your side, you have the freedom to personalize every aspect of your ring, from choosing the diamond's shape to selecting the band's design.
Start Building
Watch us take you through the entire building process on our favorite websites.

Browse our trusted online partners to shop for diamond rings that offer exceptional value.

We have rated each company and designed the Shop Now links to direct you to the lowest priced and highest quality diamonds. Our filters are applied to each website to help you find the best deals on your desired item. Take advantage of a wide selection, customized rings, and excellent customer support.

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.
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Frequently Asked

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How much is a 0.2 carat oval diamond ring worth?

The worth of a 0.2 carat oval diamond ring is approximately $400. The price range for similar diamond rings is between $270 and $570.

How big is a 0.2 carat oval diamond ring?

A 0.2 carat oval diamond ring has a size of approximately 4.5mm in diameter. This size is smaller than a 0.7 carat oval diamond ring, which has a diameter of around 6.0mm. On the other hand, it is larger than a 0.1 carat oval diamond ring, which has a diameter of approximately 3.5mm.

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

A 0.2 carat oval diamond ring on a hand would appear delicate and subtle. The oval shape of the diamond elongates the finger, creating an elegant and graceful look. The diamond itself would have a width of approximately 3.5mm, occupying around 20% of the finger's width.

What is the price of a 0.2 carat oval diamond ring?

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

Is a 0.2 carat oval diamond ring good enough?

A 0.2 carat oval diamond ring can be a good choice for those who prefer a smaller and more delicate look. However, it may not have the same level of brilliance and sparkle as larger diamonds.

Is a 0.2 carat oval diamond ring big?

No, a 0.2 carat oval 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 appear delicate and dainty on the finger. However, the size of the diamond ultimately depends on personal preference and style.

What does a 0.2 carat oval diamond ring weigh?

A 0.2 carat oval diamond ring weighs 0.04 grams.

Should I get a 0.2 carat oval diamond ring?

A 0.2 carat oval diamond ring may be a good choice if you prefer a smaller and more delicate look.

Is a 0.2 carat oval diamond ring too big?

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

Is a 0.2 carat oval diamond ring small?

A 0.2 carat oval diamond ring may be considered small in comparison to larger carat sizes. However, the size of the diamond can still appear beautiful and elegant on certain finger sizes. Additionally, the ring setting and design can enhance the overall appearance of the diamond, making it appear larger and more eye-catching.
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