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0.2 carat round diamond ring Buying Guide

Uncover the secrets of saving up to $240 through our guide.
We've created a guide that will help you maximize your savings while shopping for a 0.2 carat round diamond ring. We'll show you areas where you shouldn't cut corners and areas where you can save money. Additionally, we'll direct you to the best places to find your ideal ring or potentially an even better one.
Want to start buying now instead of learning first?
We have carefully selected the best deals on 0.2 carat round diamond rings from top online stores. Check out our chosen options using the links provided below.

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

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

In the upcoming lessons, we will show you how to save money while making your 0.2 carat round diamond ring look its best. Additionally, we'll provide tips to help you avoid being taken advantage of 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 save a lot of money by purchasing diamond rings online. Physical stores often charge up to 40% extra and have a limited variety to choose from.
$180 Cash Savings

Lesson 2

Clarity

You can save up to 50% on diamond rings with our clarity tips. Our goal is to help you save money by providing guidance on making smart choices.
$90 Cash Savings

Lesson 3

Color

Color is another important factor in determining the price of a diamond. We will help you understand how you can use this to your advantage and save money.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

Opting for a lab-grown diamond could save you approximately 85% on a 0.2 carat round diamond ring. However, you may encounter some difficulties if you decide to resell it.
☺ Spend Money

Lesson 4

Carat Weight / Size

In general, women tend to prefer bigger diamonds, so that's where you should focus your budget. We can help you find ways to increase the size of the diamond while also saving money on other aspects.
☺ Spend Money

Lesson 5

Cut, Sparkle & Brilliance

The way a diamond is cut greatly affects its overall appearance. It's important not to overlook this aspect, as it directly contributes to the diamond's sparkle and uniqueness.
≔ 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 money and elevate the appearance of your diamond. However, it's important to consider your personal preferences when making this choice.

Lesson 1 - Buy Online
Up to 40% savings here

Get your 0.2 carat round diamond ring online and save up to 40% instantly.

Think about this: finding the perfect item online. Websites like Blue Nile and James Allen sell diamonds at prices that are up to 40% lower than physical stores. However, it's not just about saving money. You also have access to a larger variety and the option to personalize your ring exactly how you want it.

Click on the 'shop now' links provided below to begin creating the most affordable, high-quality 0.2 carat round diamond ring!

Excited to go shopping? Our links will help you find the best deals on high-quality diamonds from trusted online retailers.

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 price of a 0.2 carat round diamond ring is heavily influenced by the clarity of the diamond.

⊗ Up to $287 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 flawless a diamond appears. The interesting part is that these flaws are only visible when you use a 10x magnifier. The clarity scale ranges from 'flawless' to 'included', with classifications like VS1, VS2, and SI1 in between. Diamonds in these categories usually have imperfections that can only be seen under magnification. So, to the naked eye, they look completely clear. That means when people admire your ring, they won't notice any flaws at all!

Optimal Clarity Range for a 0.2 carat round diamond ring

Choosing a diamond in the VS2-SI1 clarity range when purchasing a 0.2 carat round diamond ring can result in significant savings, potentially reducing the total price by up to $287. When considering the ideal clarity option, we highly recommend opting for VS2 due to its favorable combination of price and clarity. However, it is essential not to disregard SI1 diamonds. With just a few minutes spent examining different diamonds, you can discover SI1 stones that possess an almost 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 flawless, but it feels like it's too much considering the price. Savings - You could save $236 - $304 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 - $247 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 - $147 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $447 These diamonds are incredibly beautiful, but we still recommend choosing ones with slightly less clarity. Savings - You could save $56 - $124 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VS1 - Very Slightly Included

Cost - $412 If you are able to find a fantastic deal on a VS1, that's wonderful. However, the clarity levels that come after that provide the ideal balance between price and quality. Savings - You could save $21 - $89 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: $340 Total Savings: $72 - $230 This diamond clarity is the best offer available. Please remember that not all SI1 diamonds have the same appearance. Although some may not be the finest, many are incredibly breathtaking and could easily be confused with a VS2.

Lesson 3 - Color

The color you choose for a 0.2 carat round diamond ring significantly affects its price.

⊗ Up to $127 savings with these tips
Watch us save thousands by purchasing diamonds in the right range

What is Color?

Diamonds can sometimes have a slight yellow tint or be completely colorless. The GIA grades diamonds on a scale from D (colorless) to Z (yellow or brown). When it comes to jewelry, diamonds typically have a subtle color and fall within the G-H range. You would only notice these faint color differences when comparing them to higher grade diamonds like D, E, or F. The variation in color is more apparent in larger diamonds. However, even a round diamond in the G-H range will appear almost colorless and be more affordable than a completely colorless diamond like a D-grade one.

Optimal Color Range For A 0.2 Carat Round Diamond Ring

Opting for a 0.2 carat round diamond ring, selecting the appropriate color grade can lead to significant cost reductions. Instead of investing in pricier D-F graded diamonds, consider a diamond within the G-J range. By doing so, you can still acquire a captivating piece while pocketing savings of up to $127, in addition to any frugal choices made regarding clarity.
Clearest Color
Best Value
Sometimes Ok
D
E
F
G
H
I
J
< drag left or right >

D color

Cost - $408 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 $69 - $89 with a G or H colored diamond
‹ drag left or right ›

E color

Cost - $384 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 $45 - $65 with a G or H colored diamond
‹ drag left or right ›

F color

Cost - $361 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 $22 - $42 with a G or H colored diamond
‹ drag left or right ›

G color

Cost - $339 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 $20 with an H colored diamond
‹ drag left or right ›

H color

Cost - $319 Total Savings: $20 - $89 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 - $299 Total Savings: $39 - $109 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 - $281 Total Savings: $57 - $127 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 round diamond ring with the choice of a lab grown diamond.

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 ever decide to part ways with your 0.2 carat round diamond ring, choosing a lab-grown diamond can help minimize your financial loss.

Opting for a 0.2 carat round diamond ring, selecting the appropriate color grade can lead to significant cost reductions. Instead of investing in pricier D-F graded diamonds, consider a diamond within the G-J range. By doing so, you can still acquire a captivating piece while pocketing savings of up to $127, in addition to any frugal choices made regarding clarity.
Explore Lab Grown 

Lesson 5 - Carat / Size

If you're purchasing a diamond ring, it's wise to focus on the carat weight as a significant factor to consider for your investment.

Why is Carat Important?

Think about a diamond ring for a second. What's the first thing that comes to mind? Of course, it's the size of the main diamond. In surveys, women consistently prioritize the size of the diamond as their main concern. And since carat weight determines the size of the diamond, we suggest you allocate a majority of your budget towards that.
Watch us compare sizes and help you visualize what you want. 

These are the carat options to consider when looking for a 0.2 carat round diamond ring.

You should check out diamonds that range from 0.18 to 0.22 carats. This will give you a good understanding of the price differences without a significant variation in size.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

The way a diamond is cut directly affects its sparkle. For your 0.2 carat round 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?

When you're on the hunt for the most beautiful 0.2 carat round diamond ring, it's crucial to consider the diamond's cut. The precision and flawless nature of the diamond's angles have a significant impact on its shine and sparkle.

What diamond companies don't want you to know

The notion that a diamond cut with 'Ideal' precision to dazzle the most would automatically be the priciest option isn't always true. Sometimes, a 'Fair' cut diamond with the same carat weight, color, and clarity can actually fetch a higher price. It may seem counterintuitive, but this happens because inadequately cut diamonds can seem bigger in size while lacking the spark and brilliance. Picture a diamond without sparkle as a computer without a screen.

Here's a valuable tip: always opt for GIA Certified Excellent Cut Diamonds (also known 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 round diamond ring.

What is Diamond Shape?

The shape of a diamond determines its style, like round, oval, or other shapes. Some shapes can make a diamond look bigger, while others highlight its sparkle and timeless beauty. In this section, you can use our shape tool to check out a selection of 0.2 carat diamond rings featuring various shapes.

What shape to choose?

Yep, certain diamond shapes can make it seem like you've got a bigger rock, and some shapes are trendy right now. However, the most important thing is to pick what speaks to you and makes you the happiest. If you're not sure what you like, think about going for a brilliant cut diamond. This type includes Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant shapes. Out of these, Round diamonds are definitely the most in-demand, but Oval and Marquise shapes can make the diamond look bigger 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 appearance of a 0.2 carat round diamond ring can vary significantly depending on the band it's set on.

What is setting?

Often referred to as the band, the setting is the part of the diamond ring made of gold. It can come in different shades like white, yellow, or rose gold. Another option to consider is a platinum band. The setting plays a big role in how your 0.2 carat round diamond ring looks. This is where you can show off your personal style. We have identified the three most popular settings for you. No matter which one you choose, we suggest going for 14k gold. We will explain the reasons behind this recommendation in more detail.
The setting or band is really important for making your diamond look bigger and better. 

Think about getting a 14K gold band for your ring.

Here's an important rule to remember: try not to choose 18k or 24k gold for your setting. Your safest option is 14k gold. Even though 18k and 24k gold are purer, they are noticeably softer and more likely to bend. If the band holding your precious diamond can easily bend, there's a big chance that the diamond might come loose. This is a problem that many people often face.

Solitaire - A Great Band for a Flashier Diamond Presentation

Survey data shows that many women desire a big diamond. If you want to make a 0.2 carat round diamond ring appear larger, you might think about using a Solitaire setting with a thin and classy band. The contrast between the slim band and the big diamond can make the gem look bigger than it actually is. Another way to enhance this effect is by adding small accent diamonds along the band, which add a sense of elegance without taking away from the main diamond.

Halo: Boost Your Diamond's Volume with Many Small Gems

To make your 0.2 carat round diamond ring look even more stunning, you should think about using a halo setting. This technique involves using smaller diamonds to encircle the main stone, making it shine brighter and giving the illusion of a bigger size. If you want to take this effect to the next level, you can go for a double halo setting. Combined with a slim band, this setting can make even a small diamond look much larger, creating a lavish and impressive piece of jewelry.

Do not overshadow the main diamond.

Many women prefer a diamond that looks big. A band that is too fancy or wide can take away attention from the diamond, making it appear smaller. If you want your 0.2 carat round diamond ring to steal the spotlight, you may want to go for a simpler band that doesn't overpower it. However, if you care more about the overall design of the ring, a more decorative band might be your style. Just keep in mind that it could take away from the diamond's standout factor.

Build a Custom 0.2 carat round 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.
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 have audited every company, and all the Shop Now links are designed to take you directly to the top deals for the most popular diamonds. Essentially, these links have our unique settings for each website to assist you in finding the best deals for your needs. Take advantage of a wide variety of choices, personalized rings, and outstanding 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. 

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Book Appointment

Frequently Asked

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

How much is a 0.2 carat round diamond ring worth?

The average price of a 0.2 carat round diamond ring is $400, with a price range of $270 to $570.

How big is a 0.2 carat round diamond ring?

A 0.2 carat round diamond ring has a diameter of 3.7mm. This size is smaller than a 0.7 carat round diamond ring, which has a diameter of 5.6mm. On the other hand, it is larger than a 0.1 carat round diamond ring, which has a diameter of 3.2mm.

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

A 0.2 carat round diamond ring is quite small on a hand. It has a width of approximately 3.1mm, which means it takes up about 18.5% of the finger's width.

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

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

Is a 0.2 carat round diamond ring good enough?

A 0.2 carat round diamond ring can be a good choice for someone who prefers a smaller and more delicate look. It may not have the same level of brilliance and sparkle as larger diamonds, but it can still be beautiful and elegant. The quality of the cut, clarity, and craftsmanship are important factors to consider when evaluating the overall appeal of the ring.

Is a 0.2 carat round diamond ring big?

No, a 0.2 carat round 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, smaller carat weights can still be beautiful and elegant, and may be preferred by those who prefer a more subtle and understated look.

What does a 0.2 carat round diamond ring weigh?

A 0.2 carat round diamond ring weighs 0.04 grams.

Should I get a 0.2 carat round diamond ring?

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

Is a 0.2 carat round diamond ring too big?

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

Is a 0.2 carat round diamond ring small?

A 0.2 carat round diamond ring may be considered small compared to larger carat sizes. However, the perception of size can vary depending on the individual's preferences and finger size. Additionally, certain settings or designs, such as a halo setting, can create the illusion of a larger diamond by incorporating smaller diamonds around it.
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