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0.5 carat oval diamond ring Buying Guide

With our guide, you can save up to $1,368 - learn how!
This useful guide will show you the best ways to make the most of your budget when purchasing a 0.5 carat oval diamond ring. Our goal is to help you prioritize your finances wisely and identify where you can save money. Additionally, we will share insider tips for finding that perfect ring or potentially an even better one.
Would you rather buy now and skip the lessons?
We have carefully selected the best deals on oval diamond rings that are 0.5 carats from top online stores. Check out our recommended options using the links provided below.

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

Purchase a premium 0.5 carat oval diamond ring at the lowest price.

In the lessons ahead, you'll discover techniques to save a substantial amount of money while acquiring a stunning 0.5 carat oval diamond ring. We'll provide valuable tips on maximizing your budget and steering clear of deceptive practices employed by diamond companies.
Average Price
$943.64
Price Range
$530-$2,240
Our Max Savings
$1,368
Lessons 1-4  ∴  Save Money 
Lessons 4 & 5  ∶  Spend Money 
Lessons 6-8  ∴  Personalize & Decide 
⤫ 40% Cash Savings

Lesson 1

Buying Online

You will discover that diamond rings are much more affordable when you shop online. On the other hand, retail stores tend to be 40% pricier and offer only a limited selection to choose from.
$1,270 Cash Savings

Lesson 2

Clarity

Our clarity strategies can cut diamond ring prices in half. We are committed to assisting you in saving a significant amount.
$230 Cash Savings

Lesson 3

Color

The color of a diamond is a major factor that impacts its price. We're here to help you understand when to consider this factor for possible savings.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

You can save up to 85% on a 0.5 carat oval diamond ring by purchasing lab-grown versions. However, please be aware that these may not hold much value if you decide to resell them.
☺ 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 diamond's cut plays a vital role in its overall appearance. It's not advisable to skimp on this aspect, as it is responsible for the diamond's sparkle and distinctive appearance.
≔ Personalize

Lesson 6

Shapes

A diamond ring looks different and sparkles in a unique way with each shape. We will show you the appearance and shine of each shape.
≔ Personalize

Lesson 7

Setting / Band

A solitaire ring can help you save money and make your diamond appear bigger. However, it's important to consider personal preference when making this decision.

Lesson 1 - Buy Online
Up to 40% savings here

Purchase your 0.5 carat oval diamond ring online and enjoy an instant price reduction of up to 40%.

Deciding to buy your jewelry online has many advantages compared to shopping at physical stores, especially when it comes to cost, variety, and personalization. Websites like Blue Nile and James Allen can offer diamonds at significantly lower prices than traditional retailers, often up to 40% less, because they don't have the same expenses for maintaining physical stores. Online stores provide a larger selection of options, giving you the chance to find the perfect diamond from a wide range of choices. They also offer more opportunities for customization, allowing you to design your own ring that perfectly matches your vision. This adds extra value and personal touch to your purchase.

To start designing a 0.5 carat oval diamond ring that is both affordable and of excellent quality, simply click on any of the 'shop now' links provided below.

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 clarity of the diamond is the main aspect to consider when determining the price of a 0.5 carat oval diamond ring.

⊗ Up to $1,596 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 0.5 carat oval diamond ring

Choosing a diamond in the VS2-SI1 clarity range for your 0.5 carat oval diamond ring can result in significant savings, possibly reducing the total price by up to $1,596. When it comes to price and clarity, we strongly suggest considering VS2 diamonds as they offer a good balance. However, it is important not to dismiss SI1 diamonds entirely. By taking a few minutes to carefully sift through the available options, you can discover SI1 diamonds that have an appearance that is nearly 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 - $2,464 This diamond is flawless, but it feels like it's too much considering the price. Savings - You could save $1,492 - $1,651 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

IF - Internally Flawless

Cost - $2,240 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 $1,268 - $1,427 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS1

Cost - $2,240 The diamond is almost perfect, but considering its cost, it's still excessive. Savings - You could save $1,268 - $1,427 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $2,240 These diamonds are really nice, but we suggest going for a lower clarity. Savings - You could save $1,268 - $1,427 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VS1 - Very Slightly Included

Cost - $1,044 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 $72 - $231 with a VS2, SI1, or SI2 diamond

‹ drag left or right ›

VS2 - Very Slightly Included

Cost: $972 Total Savings: $72 - $1,268 This diamond clarity provides the perfect balance of quality and cost-effectiveness. When it comes to these diamonds, you'll be hard-pressed to find any imperfections, making them appear flawless.
‹ drag left or right ›

SI1 - Slightly Included

Cost: $868 Total Savings: $176 - $1,372 This is the absolute best choice if you want a diamond with excellent clarity, and it's available at an amazing price. However, it's important to understand that not all SI1 diamonds are the same. While some might not meet your expectations, many of them are truly stunning and have a similar look to a VS2 diamond.

Lesson 3 - Color

The cost of a 0.5 carat oval diamond ring is greatly influenced by the diamond's color.

⊗ Up to $323 savings with these tips
Watch us save thousands by purchasing diamonds in the right range

What is Color?

Diamonds can come in various shades, ranging from yellowish to completely colorless. The Gemological Institute of America (GIA) ranks diamonds based on color, with D being the highest grade for colorless diamonds and Z representing yellow or brown diamonds. Most jewelry diamonds fall into the G-H category, which means they have a slight amount of color. However, these color traces are only noticeable when compared to higher-graded diamonds like D, E, or F. While larger diamonds tend to show color more prominently, an oval diamond in the G-H category will still appear nearly colorless and will be less expensive than a D-grade diamond, which is completely colorless.

Optimal Color Range For A 0.5 Carat Oval Diamond Ring

Opting for the appropriate color grade for a 0.5 carat oval diamond ring can lead to significant cost reductions. Instead of splurging on diamonds graded D-F, contemplate selecting a diamond within the G-J range. This decision can still produce a dazzling piece while saving you up to $323, on top of any savings attained through judicious choices regarding clarity.
Clearest Color
Best Value
Sometimes Ok
D
E
F
G
H
I
J
< drag left or right >

D color

Cost - $1,042 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 $176 - $228 with a G or H colored diamond
‹ drag left or right ›

E color

Cost - $979 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 $114 - $166 with a G or H colored diamond
‹ drag left or right ›

F color

Cost - $920 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 $55 - $107 with a G or H colored diamond
‹ drag left or right ›

G color

Cost - $865 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 $52 with an H colored diamond
‹ drag left or right ›

H color

Cost - $813 Total Savings: $52 - $228 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 - $764 Total Savings: $101 - $277 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 - $719 Total Savings: $147 - $323 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 $700 on your 0.5 carat oval diamond ring with the choice of a lab grown diamond.

Lab-grown diamonds, also referred to as man-made diamonds, offer the benefit of having the same appearance as natural diamonds, but they are produced in a way that is more environmentally friendly and morally conscious. Moreover, lab-grown diamonds are more easily accessible compared to natural diamonds, resulting in much more affordable prices. In fact, a lab-grown diamond can be as much as 85% less expensive than a similar natural diamond.

Choosing a lab-grown diamond for your 0.5 carat oval ring can help minimize your financial loss when selling it.

Opting for the appropriate color grade for a 0.5 carat oval diamond ring can lead to significant cost reductions. Instead of splurging on diamonds graded D-F, contemplate selecting a diamond within the G-J range. This decision can still produce a dazzling piece while saving you up to $323, on top of any savings attained through judicious choices regarding clarity.
Explore Lab Grown 

Lesson 5 - Carat / Size

When you're shopping for a diamond ring, make sure to allocate your budget based on the carat weight.

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. 

If you're looking for a 0.5 carat oval diamond ring, choose from this range of carats.

We suggest checking out diamonds that are between 0.45 and 0.55 carats. This will give you an idea of different prices without a significant increase in size.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

When purchasing your 0.5 carat oval diamond ring, remember that the cut of the diamond determines how it sparkles. Opt for an ideal or excellent cut for the most brilliant stone.

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

What is Cut?

Looking for the most stunning 0.5 carat oval diamond ring? The diamond's cut plays a vital role in its sparkle and brilliance. It's all about the precise and flawless shaping of every single facet.

The closely guarded secret within the diamond industry.

The idea that a diamond cut to perfection, designed to shine its brightest, would always be the most expensive option isn't always true. Sometimes, a diamond with a fair cut, but with the same carat, color, and clarity, can end up being pricier. This might sound strange, but it happens because diamonds that are poorly cut might seem bigger but lack that sparkle and brilliance. A diamond without sparkle is like a painting without any colors.

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 sparkle of a diamond can vary based on its shape, and certain shapes can make 0.5 carat oval diamond rings appear more expensive.

What is Diamond Shape?

The shape of a diamond determines its style, such as round, oval, or various others. Certain shapes can give the illusion of a bigger diamond, while others offer extra sparkle and a timeless charm. Explore our selection of 0.5 carat diamond rings with a range of shapes using our shape tool in this section.

What shape to choose?

It's a fact that certain diamond shapes can create the illusion of a larger stone, and currently, some shapes are seen as more fashionable. But when you're deciding, keep in mind that what really counts is what catches your eye and brings you the most joy. If you're unsure and don't have a specific preference, you might want to think about a brilliant cut diamond. This includes shapes like Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant. While Round is the most popular choice, Oval and Marquise shapes can give the diamond a bigger appearance with the same carat 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 has the ability to completely transform the appearance of a 0.5 carat oval diamond ring.

What is setting?

The part of a diamond ring that holds the stone is called the setting. Usually made from gold in colors like white, yellow, or rose, it can also be made from platinum. The setting is important in determining the appearance of your 0.5 carat oval diamond ring. It allows you to showcase your personal style. Here are the three most favored settings. Regardless of your preference, it's always recommended to choose 14k gold. Continue reading to find out why.
The setting or band is really important for making your diamond look bigger and better. 

If you're looking for the best option, go with a 14K gold band.

It's really important to keep this rule in mind. Avoid going for 18k or 24k gold for your setting. The smarter option is 14k gold. Even though 18k and 24k gold might be purer, they are much softer and can bend easily. If the setting meant to safeguard your valuable diamond bends, there's a much higher chance of your diamond falling out. Many people have faced this problem.

Solitaire Setting - A Slim Band Accentuates the Look of a Larger Diamond

According to surveys, most women prefer bigger diamonds. To make a 0.5 carat oval diamond ring appear larger, consider a Solitaire setting with a slim and delicate band. The contrast between the thin band and the substantial diamond can create the perception of a bigger stone. Additionally, including small accent diamonds along the band can add an elegant touch without overshadowing the main diamond.

Halo: Make Your Diamond Look Bigger with a Collection of Small Stones

Looking to make your 0.5 carat oval diamond ring look bigger? Have you considered the halo setting? In this style, smaller diamonds encircle your central stone, giving off a radiant effect and creating the illusion of a larger diamond. For an even more impressive look, give the double halo setting a try. Paired with a slim band, this method can make even a smaller diamond appear larger, adding a touch of luxuriousness.

Keep the focus on the main diamond.

Many women desire a diamond that looks big. A band that is too fancy or wide may take attention away from the diamond, making it appear smaller. If you want to showcase your 0.5 carat oval diamond ring, a plain band would be a good option. However, if you value the overall design of the entire ring, a more detailed band might be the ideal choice, but remember, this could diminish the diamond's wow factor.

Build a Custom 0.5 carat oval diamond ring Starting with Our Curated Diamond Selections For The Best Deals

Creating a custom jewelry piece is a remarkable opportunity to craft a one-of-a-kind accessory that perfectly reflects your own style and individuality. Additionally, it's much more affordable compared to purchasing from a retail establishment. With top-tier companies in the industry like Brilliant Earth, James Allen, and Blue Nile at your fingertips, you have complete control over every aspect of your ring, including the diamond's shape and the band's aesthetics.
Start Building
Watch us take you through the entire building process on our favorite websites.

Decide to shop online with our reliable partners. Each link will take you to an incredible deal on diamond rings.

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. 

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 0.5 carat oval diamond ring worth?

A 0.5 carat oval diamond ring is worth an average price of $900, with a price range of $530 to $2,240.

How big is a 0.5 carat oval diamond ring?

A 0.5 carat oval diamond ring has a length of 5.1mm and a width of 4.1mm. When compared to a 1 carat oval diamond ring, which has a length of 6.3mm and a width of 5.1mm, the difference in size is noticeable. However, when compared to a 0.5 carat round diamond ring, which has a diameter of 5.1mm, the oval diamond ring appears slightly larger.

What does a 0.5 carat oval diamond ring look like like on a hand?

A 0.5 carat oval diamond ring on a hand appears elegant and delicate. The oval cut gives the diamond a elongated shape, making the fingers appear longer and slender. The diamond's width measures around 5.2mm, occupying approximately 30% of the finger's width.

What is the price of a 0.5 carat oval diamond ring?

The price of a 0.5 carat oval diamond ring falls within the price range of $530-$2,240.

Is a 0.5 carat oval diamond ring good enough?

Yes, a 0.5 carat oval diamond ring can be a good choice. It may not be as large as a 2 carat diamond, but it can still be beautiful and eye-catching. The quality of the diamond, including its cut, clarity, and craftsmanship, will also play a significant role in determining its overall appeal.

Is a 0.5 carat oval diamond ring big?

No, a 0.5 carat oval diamond ring is not considered big. The average carat weight for a diamond engagement ring is about 1.2 carats, so a 0.5 carat diamond is significantly smaller. While it may still be noticeable, it is on the smaller side compared to the average size.

What does a 0.5 carat oval diamond ring weigh?

A 0.5 carat oval diamond ring weighs 0.1 grams.

Should I get a 0.5 carat oval diamond ring?

A 0.5 carat oval diamond ring is a popular choice for its elegant shape, versatility, and affordability.

Is a 0.5 carat oval diamond ring too big?

A 0.5 carat oval diamond ring is considered a smaller size compared to larger carat diamonds.

Is a 0.5 carat oval diamond ring small?

A 0.5 carat oval diamond ring may be considered small compared to larger carat sizes. However, the appearance of the diamond can vary depending on the finger size and the setting of the ring. Additionally, certain design elements like a halo setting can create an illusion of a larger diamond by incorporating smaller diamonds around it.
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