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0.2 carat princess cut diamond ring Buying Guide

Let our guide show you how to save a whopping $240.
We have created a guide that will help you get the best value for your money when shopping for a 0.2 carat princess cut diamond ring. We will highlight areas where you shouldn't compromise and where you can save money, and we will also specify exactly where you can find your dream ring or possibly an even better one.
Want to start buying now instead of learning first?
We've done all the research and found the top deals on 0.2 carat princess cut diamond rings from popular online stores. Take a look at our carefully selected collection by clicking on the links below.

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

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

In the upcoming lessons, we're going to show you how to save money on a 0.2 carat princess cut diamond ring, without compromising on the size or sparkle. We'll teach you the tricks to make your budget go further, and how to avoid being deceived 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

You can find better deals on diamond rings online. Retail stores can be up to 40% more expensive and have a much smaller variety to choose from.
$180 Cash Savings

Lesson 2

Clarity

Our clever clarity tips can potentially cut your diamond ring costs in half. We're dedicated to assisting you in saving a significant amount.
$100 Cash Savings

Lesson 3

Color

The color of a diamond is a major factor in determining its price. We're here to help you understand how to use this knowledge to save the most money.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

Lab-grown choices might help you save around 85% on a 0.2 carat princess cut diamond ring, but remember, it could be challenging to resell.
☺ Spend Money

Lesson 4

Carat Weight / Size

Women generally prefer diamonds that appear larger in size, so this is the aspect where you should concentrate your investment. We are here to assist you in getting the most out of your budget by maximizing the size of the diamond while being cost-effective in other areas.
☺ Spend Money

Lesson 5

Cut, Sparkle & Brilliance

The way a diamond is cut plays a crucial role in its overall appearance. It's important not to skimp on this aspect, as it directly influences the diamond's brilliance and unique characteristics.
≔ Personalize

Lesson 6

Shapes

Every shape gives a diamond ring a different look and how it reflects light. We will demonstrate the one-of-a-kind appearance and shimmer of each shape.
≔ Personalize

Lesson 7

Setting / Band

Choosing a solitaire ring can help you save money and create the illusion of a larger diamond. However, it ultimately depends on your personal preference.

Lesson 1 - Buy Online
Up to 40% savings here

Buy your 0.2 carat princess cut diamond ring online and save up to 40% on your bill.

Have you ever considered purchasing your engagement ring or other jewelry online? Websites such as Blue Nile and James Allen offer this opportunity at prices that are up to 40% lower than those at traditional stores. Additionally, you'll have a wider range of options to choose from and more opportunities for customization. You can easily find exactly what you're looking for without breaking the bank.

Click on the shop now links below to begin building the most affordable and valuable 0.2 carat princess cut diamond ring!

Need to shop in a hurry? Just click on any of our links and you'll be directed to the best deals on high-quality diamonds from top 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 looking to purchase a 0.2 carat princess cut diamond ring, keep in mind that the clarity of the diamond is the biggest influencer of its cost.

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

What is Clarity?

In the world of diamonds, clarity refers to how noticeable any imperfections are. The main focus is on how easily these flaws can be seen, as most of them can only be detected with a 10x magnifying tool. A diamond's clarity can range from 'flawless' (FL) to 'included' (I), with various classifications like VS1 (Very Slightly Included), VS2, and SI1 (Slightly Included) falling in between. These types of diamonds typically have imperfections that can only be seen under 10x magnification. So, to the naked eye, they will appear completely clear – meaning anyone admiring your ring won't have a clue about any flaws!

Optimal Clarity Range for a 0.2 carat princess cut diamond ring

Choosing a diamond in the VS2-SI1 clarity range for your 0.2 carat princess cut diamond ring can result in significant savings, potentially reducing the total price by as much as $256. When it comes to the ideal balance between price and clarity, we highly recommend opting for a VS2 diamond. However, it's important not to disregard SI1 diamonds. With just a few minutes of searching through diamonds, you can easily find SI1 diamonds that have an appearance that is almost flawless.

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 a single imperfection, but the price seems excessively high. 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 doesn't have any imperfections. However, it might have some flaws on the outside. It's also quite expensive. Savings - You could save $179 - $218 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS1

Cost - $542 This diamond is almost flawless, but considering its price, it's still excessive. Savings - You could save $151 - $190 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $515 These diamonds are incredibly beautiful, but we still recommend choosing ones with slightly less clarity. 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 If you're looking for the best bang for your buck, then look no more than this diamond clarity. Most of these diamonds will look flawless to you because their imperfections are invisible to the naked eye.
‹ drag left or right ›

SI1 - Slightly Included

Cost: $371 Total Savings: $41 - $199 You won't find a better deal on diamond clarity than this one. However, it's important to keep in mind that not all SI1 diamonds are identical in appearance. While some may not meet your specific preferences, many of them are truly breathtaking and could easily be mistaken for a higher quality diamond, like a VS2.

Lesson 3 - Color

The color of a diamond is another important factor in deciding the price of a princess cut diamond ring weighing 0.2 carats.

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

What is Color?

Diamonds can have a yellowish tint or no color at all. The Gemological Institute of America (GIA) rates them on a scale from D (colorless) to Z (yellow or brown). Most diamonds used in jewelry have a slight amount of color and fall within the G-H range. The subtle hints of color in these diamonds are usually only noticeable when compared to higher grade diamonds like D, E, or F. While larger diamonds may show color more prominently, a princess diamond from the G-H range will still appear nearly colorless and will be less expensive than completely colorless diamonds, such as those in the D-grade.

Optimal Color Range For A 0.2 Carat Princess Cut Diamond Ring

Choosing the right color grade for a 0.2 carat princess cut diamond ring can lead to significant savings. Instead of paying premium prices for diamonds graded D-F, consider opting for a diamond in the G-J range. This decision can still result in a breathtaking piece while saving you up to $138, in addition to any savings from making informed choices about clarity.
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 princess cut diamond ring with the choice of a lab grown diamond.

Lab-grown diamonds, made through artificial means, possess identical visual characteristics to their naturally occurring counterparts, yet they are produced in a manner that is more environmentally friendly and morally sound. Moreover, their enhanced accessibility offers a more economical option, as a lab-grown diamond can be up to 85% less expensive than a similar naturally formed diamond.

If you ever find yourself wanting to sell your 0.2 carat princess cut diamond ring, choosing a lab grown diamond can help minimize your financial loss.

Choosing the right color grade for a 0.2 carat princess cut diamond ring can lead to significant savings. Instead of paying premium prices for diamonds graded D-F, consider opting for a diamond in the G-J range. This decision can still result in a breathtaking piece while saving you up to $138, in addition to any savings from making informed choices about clarity.
Explore Lab Grown 

Lesson 5 - Carat / Size

When shopping for your diamond ring, make sure to prioritize your budget towards carat weight.

Why is Carat Important?

Imagine a diamond ring for a moment. What stands out the most? It's definitely the size of the main diamond! Women agree on this - surveys show that size is the most important factor. That's why our budget recommendation is straightforward: pay attention to the carat weight, which directly determines the size.
Watch us compare sizes and help you visualize what you want. 

If you're looking for a 0.2 carat princess cut diamond ring, consider going with this carat range.

It's a good idea to check out diamonds in the 0.18 to 0.22 carat range. This way, you can get an idea of the various price ranges without a significant variation in size.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

When purchasing your 0.2 carat princess cut diamond ring, keep in mind that the cut of the diamond determines its sparkle and shine. Opt for an ideal or excellent cut to enhance its beauty.

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

What is Cut?

When it comes to the most dazzling princess cut diamond ring, the cut is absolutely crucial. The way those facets are shaped and polished can really make that sparkle and brilliance pop.

The diamond companies well-kept secret

An "Ideal" cut diamond is the one that is perfectly proportioned to give off the most sparkle. People usually assume that it would be the most expensive. However, it's not always the case. Sometimes, a "Fair" cut diamond with the same carat, color, and clarity can actually cost more than an "Ideal" cut. It may seem confusing, but the reason behind it is that a poorly cut diamond often appears larger, but it lacks the brilliance and sparkle that you desire. Imagine a diamond without any sparkle - it's like a house without a solid foundation.

Don't forget this important tip: always select GIA Certified Excellent Cut Diamonds (often 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

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

What is Diamond Shape?

When we discuss the diamond shape, we're referring to the diamond's style, like round, oval, or princess. Some shapes can create the illusion of a larger diamond, while others provide more sparkle and a classic allure. Take a look at our shape tool in this section to explore a variety of 0.2 carat diamond rings featuring various shapes.

What shape to choose?

Certain diamond shapes can make a diamond look bigger than it actually is, and there are currently some shapes that are popular. However, the most important thing to consider is what you personally like and what makes you happy. If you're not sure, a brilliant cut diamond, which includes Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant shapes, could be a great option. Out of these shapes, Round is the most popular, but Oval and Marquise can make the diamond look the largest for the same weight.
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 greatly impacts the overall appearance of a 0.2 carat princess cut diamond ring.

What is setting?

The part of a diamond ring that holds the stone, often called the band, is known as the setting. Usually, it is made from gold and can be found in white, yellow, or pink gold tones. If you prefer, you can also choose a platinum band. The setting plays a significant role in determining the overall appearance of your 0.2 carat princess cut diamond ring. It allows you to express your personal style. Below, we have listed the top three settings that are currently popular. Regardless of your preference, we recommend selecting a 14k gold band. As you continue reading, you will understand why.
The setting or band is really important for making your diamond look bigger and better. 

Choose 14 karat gold as the material for your 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 Setting - A Slim Band Accentuates the Look of a Larger Diamond

A lot of women, when asked, like big diamonds. If you want to make a 0.2 carat princess cut diamond ring look bigger, you can go for a slim, delicate band in a Solitaire setting. The noticeable difference between the small band and the large diamond can make it seem like the stone is bigger than it actually is. Additional accent diamonds on the band can enhance this illusion, adding decorative elements without taking away from the main diamond.

Halo: Enhance the Appearance of Your Diamond with Smaller Stones Around It

Choosing a halo setting is a clever choice if you want to make your 0.2 carat princess cut diamond ring appear bigger. This type of setting involves smaller diamonds surrounding the main stone, creating a dazzling effect that enhances the perceived size of the diamond. And for those who want to go a step further, combining a double halo setting with a thin band can make even a small diamond appear significantly larger, giving the impression of a more extravagant ring.

Ensure that the main diamond remains the center of attention.

Most women prefer their diamond to look big. A fancy or wide ring could take away from the diamond's size, making it seem smaller. If you want your 0.2 carat princess cut diamond ring to be the main attraction, a simpler band would be a good option. However, if you care more about the ring's overall design, a more intricate band might be better. Just remember, this could draw attention away from the diamond's impressive look.

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

Creating a unique and personalized piece of jewelry is an exceptional experience, allowing you to design a piece that truly embodies your individual style and personality, all at a more affordable price compared to purchasing from a store. Teaming up with renowned jewelry companies such as Brilliant Earth, James Allen, and Blue Nile, you have the freedom to select every detail of your ring, from the diamond's shape to the band's design.
Start Building
Watch us take you through the entire building process on our favorite websites.

Buy your diamond ring online from one of our trustworthy partners. Each link ensures you get the best possible value.

We've collaborated with all the brands, and each Shop Now link is set up to find you the best price for the highest quality diamonds. To put it simply, it provides you with our exact settings on each website to discover the best deals for your needs. Take advantage of a wide selection, personalized rings, and exceptional customer support.

Our Money Saving Links

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

Ease of Use
Pricing
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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. 

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Frequently Asked

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

How much is a 0.2 carat princess cut diamond ring worth?

The average price of a 0.2 carat princess cut diamond ring is $400. However, the price range for this type of ring can vary between $270 and $570.

How big is a 0.2 carat princess cut diamond ring?

A 0.2 carat princess cut diamond ring has a size of approximately 3.7mm in diameter. This size is smaller than a 0.7 carat princess cut diamond ring, which has a diameter of about 5.7mm. On the other hand, it is slightly larger than a 0.1 carat princess cut diamond ring, which has a diameter of around 3.2mm.

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

A 0.2 carat princess cut diamond ring is quite small and delicate on a hand. It has a width of approximately 3.5mm, which means it takes up about 20% of the finger's width.

What is the price of a 0.2 carat princess cut diamond ring?

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

Is a 0.2 carat princess cut diamond ring good enough?

A 0.2 carat princess cut diamond ring can be a good choice for those who prefer a smaller and more delicate look. While it may not have the same level of brilliance and presence as larger diamonds, it can still be beautiful and elegant, especially if it has a high-quality cut and clarity.

Is a 0.2 carat princess cut diamond ring big?

No, a 0.2 carat princess cut 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 still be noticeable, but it is considered on the smaller side.

What does a 0.2 carat princess cut diamond ring weigh?

A 0.2 carat princess cut diamond ring weighs 0.04 grams.

Should I get a 0.2 carat princess cut diamond ring?

A 0.2 carat princess cut diamond ring is a popular choice for its delicate and elegant appearance.

Is a 0.2 carat princess cut diamond ring too big?

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

Is a 0.2 carat princess cut diamond ring small?

A 0.2 carat princess cut diamond ring can be considered small. The size of the diamond will appear smaller on the finger compared to larger carat sizes. However, the princess cut shape can help enhance the appearance of the diamond by reflecting more light and creating a sparkling effect.
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