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5.5 carat diamond ring Buying Guide

Learn the tricks to save up to $226,104 using our guide.
We have created a guide that will help you maximize the value of your money while shopping for a 5.5 carat diamond ring. We will show you where it's not advisable to cut corners and where you can potentially save money. Additionally, we will direct you to the perfect place to find your dream ring, or perhaps even one that surpasses your expectations.
Would you rather buy now and skip the lessons?
We have collected the most enticing deals on 5.5 carat diamond rings from top online stores. Discover our handpicked items in the linked section.

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

Purchase a premium 5.5 carat diamond ring at the lowest price.

In the upcoming lessons, we will teach you how to score the greatest value when purchasing a 5.5 carat diamond ring, without compromising its size or sparkle. We will provide you with helpful tips on making the most of your budget and steering clear of deceptive practices by diamond companies.
Average Price
$144,349.14
Price Range
$41,590-$495,404
Our Max Savings
$226,104
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 purchased online. On the other hand, retail stores can be 40% pricier and offer only a limited selection to choose from.
$179,470 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.
$14,950 Cash Savings

Lesson 3

Color

The color of a diamond can have a big impact on its price. We will assist you in knowing how and when to take advantage of this factor to save money.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

By opting for a lab-grown diamond, you could save an incredible 85% on a 5.5 carat diamond ring. However, selling it later might pose some difficulties.
☺ Spend Money

Lesson 4

Carat Weight / Size

Typically, women prefer a diamond that appears bigger, so that's where you should focus your budget. We can help you achieve a larger size while also finding savings in other areas.
☺ Spend Money

Lesson 5

Cut, Sparkle & Brilliance

The way a diamond is cut plays a crucial role in its overall look. It's not advisable to skimp on this aspect since it determines the diamond's brilliance and unique appeal.
≔ Personalize

Lesson 6

Shapes

The appearance and shine of a diamond ring can vary depending on its shape. We are here to assist you in comprehending the visual and sparkling qualities of each shape.
≔ Personalize

Lesson 7

Setting / Band

Opting for a solitaire ring can help you save some money and create the illusion of a bigger diamond. However, it's important to consider your personal preferences as well.

Lesson 1 - Buy Online
Up to 40% savings here

Instantly lower the price of your 5.5 carat diamond ring by up to 40% when you purchase it online.

Looking for a clever way to purchase your engagement ring? Give online shopping a shot! You can score savings of up to 40% at popular stores like Blue Nile and James Allen, in comparison to brick-and-mortar retailers. Plus, you'll have access to a wider range of options and greater customization choices. It's a win-win situation! Get the ring of your dreams at a price that will make you smile.

Use the 'shop now' links below to begin designing a 5.5 carat diamond ring that is both affordable and of great quality!

If you're in a rush and eager to begin shopping, our links will take you straight to the top deals on high-quality diamonds from the most trusted online diamond stores.

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 0.5 carat round diamond ring, keep in mind that the clarity of the diamond is the biggest influencer of its cost.

⊗ Up to $299,832 savings with these tips
Watch us save thousands of dollars by simply selecting the right clarity range.

What is Clarity?

When we talk about diamond clarity, we're basically checking if the diamond has any noticeable imperfections. But here's the catch - these flaws are usually only visible when you use a 10x magnifying glass. Diamond clarity is categorized from 'flawless' (FL) to 'included' (I), with other categories like VS1 (Very Slightly Included), VS2, and SI1 (Slightly Included) falling in between. The flaws in diamonds with these clarity ratings can usually only be seen under 10x magnification. To the naked eye, they will appear crystal clear, so anyone admiring your ring is unlikely to notice anything!

Optimal Clarity Range for a 5.5 carat diamond ring

By choosing a diamond within the clarity range of VS2-SI1, you could save a significant amount, up to $299,832 in total, on your 5.5 carat diamond ring. We strongly suggest considering the VS2 clarity grade as it offers a great combination of price and clarity. However, it is important not to disregard SI1 diamonds. With just a few minutes spent searching through available diamonds, you can discover SI1 diamonds that exhibit 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 - $356,642 This diamond is absolutely flawless, without a single imperfection, but the price seems excessively high. Savings - You could save $211,891 - $287,159 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

IF - Internally Flawless

Cost - $324,220 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 $179,469 - $254,737 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS1

Cost - $308,009 This diamond is almost flawless, but considering its price, it's still excessive indulgence. Savings - You could save $163,258 - $238,526 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $292,609 These diamonds are really nice, but we suggest going for a lower clarity. Savings - You could save $147,858 - $223,126 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VS1 - Very Slightly Included

Cost - $123,534 If you happen to come across a really good offer for a VS1, that's definitely a bonus. However, if you're looking for the best combination of price and quality, it would be wise to consider one of the clarity levels that follow. Savings - You could save $-21,217 - $54,051 with a VS2, SI1, or SI2 diamond

‹ drag left or right ›

VS2 - Very Slightly Included

Cost: $144,751 Total Savings: $-21,217 - $179,469 If you're searching for the ideal combination of quality and price, this diamond clarity is the ultimate option for you. These diamonds look absolutely flawless to the unaided eye, as any imperfections are impossible to detect.
‹ drag left or right ›

SI1 - Slightly Included

Cost: $56,810 Total Savings: $66,724 - $267,410 This is the best option for diamond clarity at an incredibly affordable price. It's important to note that not all SI1 diamonds are the same. While some may not live up to your expectations, there are many that are absolutely stunning and could even be mistaken for a higher quality VS2 diamond.

Lesson 3 - Color

The color of the diamond you choose has a significant impact on the price of a 5.5 carat diamond ring.

⊗ Up to $21,142 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 no color at all. The GIA grades diamonds on a scale from D (colorless) to Z (yellow or brown). When it comes to jewelry, diamonds typically have a small amount of color and fall within the G-H range. You can only really see these faint color differences when comparing them to higher grade diamonds like D, E, or F. The variation in color is more noticeable in larger diamonds. However, even a diamond in the G-H range will appear almost colorless and be less costly than a completely colorless diamond, such as one graded as D.

Optimal Color Range For A 5.5 Carat Diamond Ring

Opting for the appropriate color grade when selecting a 5.5 carat diamond ring can lead to significant cost reductions. Instead of splurging on diamonds graded D-F, it is wise to consider a diamond falling within the G-J range. By doing so, not only can you still acquire a breathtaking piece, but you can also save an astounding $21,142, in addition to any potential savings achieved through making informed choices regarding clarity. Therefore, for intricate designs like a halo diamond ring adorned with numerous smaller diamonds encircling the main stone, it is highly recommended to opt for a central diamond graded G-H. This approach ensures the absence of any apparent color contrast, which might otherwise arise when comparing I-J graded diamonds to the smaller, generally colorless or near-colorless diamonds within the halo.
Clearest Color
Best Value
Sometimes Ok
D
E
F
G
H
I
J
< drag left or right >

D color

Cost - $68,172 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 $11,549 - $14,947 with a G or H colored diamond
‹ drag left or right ›

E color

Cost - $64,082 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 $7,459 - $10,856 with a G or H colored diamond
‹ drag left or right ›

F color

Cost - $60,237 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 $3,614 - $7,012 with a G or H colored diamond
‹ drag left or right ›

G color

Cost - $56,623 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 $3,397 with an H colored diamond
‹ drag left or right ›

H color

Cost - $53,225 Total Savings: $3,397 - $14,947 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 - $50,032 Total Savings: $6,591 - $18,140 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 - $47,030 Total Savings: $9,593 - $21,142 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 $137,800 on your 5.5 carat diamond ring with the choice of 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 need to sell your 5.5 carat diamond ring, choosing a lab-grown diamond can help minimize your financial loss.

Opting for the appropriate color grade when selecting a 5.5 carat diamond ring can lead to significant cost reductions. Instead of splurging on diamonds graded D-F, it is wise to consider a diamond falling within the G-J range. By doing so, not only can you still acquire a breathtaking piece, but you can also save an astounding $21,142, in addition to any potential savings achieved through making informed choices regarding clarity. Therefore, for intricate designs like a halo diamond ring adorned with numerous smaller diamonds encircling the main stone, it is highly recommended to opt for a central diamond graded G-H. This approach ensures the absence of any apparent color contrast, which might otherwise arise when comparing I-J graded diamonds to the smaller, generally colorless or near-colorless diamonds within the halo.
Explore Lab Grown 

Lesson 5 - Carat / Size

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

Why is Carat Important?

Take a moment to consider a diamond ring. The first thing that catches your eye is the size of the sparkling center diamond, isn't it? Well, for women, it's the same thing. They prioritize size above anything else. That's why when it comes to carat weight, which directly affects the size of the diamond, we suggest, "That's where you should allocate your budget!"
Watch us compare sizes and help you visualize what you want. 

Keep an eye out for diamond rings in the 5.5 carat range when you're looking to buy one.

You might want to check out diamonds in the 4.95 to 6.05 carat range. This will allow you to see different price ranges while the size remains relatively unchanged.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

Always consider the cut of the diamond as it determines its sparkle. When buying your 5.5 carat diamond ring, go for 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 it comes to a stunning diamond ring weighing 5.5 carats, the cut plays a vital role. The way the diamond is meticulously shaped and its facets crafted can truly elevate its shimmer and shine.

What diamond companies don't want you to know

You might think that the most expensive diamond is always the one with the perfect cut, known as the 'Ideal' cut. But surprisingly, there are cases where a diamond with a 'Fair' cut can be pricier, even if it has the same carat, color, and clarity. It may sound strange, but diamonds that are poorly cut can appear larger while lacking the sparkle and brilliance you're looking for. A diamond without sparkle is like a kite without a string.

Keep this in mind: go for GIA Certified Excellent Cut Diamonds (sometimes referred to as "Ideal" Cut).


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

Fair Cut Diamond

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

Good Cut

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

Very Good Cut

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

Ideal Cut

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

Excellent Cut

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

Regardless, excellent cut diamonds have incredible sparkle.

Lesson 7 - Shape

Not all diamond shapes are equally sparkly; some shapes can give the illusion of a higher cost in 5.5 carat diamond rings.

What is Diamond Shape?

When we're talking about diamond shape, we're referring to the way the diamond looks, like if it's round, oval, or something else. Some shapes can make the diamond look larger, while others give it extra shine and a classic appeal. Take a look at our shape tool in this section and you'll find a variety of 5.5 carat diamond rings with different shapes to choose from.

What shape to choose?

Different diamond shapes can create the impression of being bigger, and some shapes are trendy at the moment. However, the main thing to focus on when making your choice is what makes you the happiest. If you're not sure, you might want to look into the brilliant cut diamond, which includes shapes like Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant. Among these options, Round diamonds are the most popular, but Oval and Marquise shapes can make the diamond look bigger even if it has 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 can completely transform the look of a 5.5 carat diamond ring.

What is setting?

Sometimes referred to as the ring's band, the setting is the part of the diamond ring that is made of gold. It can be made in different shades, like white, yellow, or rose gold. You might also want to think about a platinum setting. The setting plays a big role in how your 5.5 carat diamond ring looks. It's where you can showcase your personal style. We've highlighted the three most popular settings below. No matter which one you choose, we suggest going with 14k gold. We'll explain why we think this is a good idea later on.
The setting or band is really important for making your diamond look bigger and better. 

Choose a 14K gold band.

Here's a crucial rule to follow. Avoid choosing 18k or 24k gold for your setting. It's better to opt for 14k gold. Despite 18k and 24k gold being more pure, they are considerably softer and prone to bending. If the setting that secures your valuable diamond bends excessively, the chance of the diamond becoming loose and falling out rises significantly. Numerous individuals have faced this issue.

Solitaire - A Great Band for a Flashier Diamond Presentation

Most women, based on surveys, lean towards a larger diamond. To bring out the size of a 5.5 carat diamond ring, ponder over a Solitaire setting with a thin, fine band. The contrast between the small band and the hefty diamond can give the illusion of a larger stone. Adding petite accent diamonds along the band can add a refined touch without stealing the limelight from the main diamond.

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

Choosing a halo setting is a clever choice to make your 5.5 carat diamond ring appear larger. This setting involves smaller diamonds surrounding the main stone, creating a dazzling effect that enhances the perceived size of the diamond. For those seeking to go beyond the norm, a double halo setting, accompanied by a slim band, can make even a small diamond appear significantly bigger, giving the impression of a more extravagant ring.

Do not overshadow the main diamond.

Most women prefer a big-looking diamond. If your ring has a lot of fancy decorations or is wide, it might make the diamond appear smaller. If the most important thing for you is the 5.5 carat diamond, a simpler band would be a good choice. On the other hand, if you care more about the overall design of the ring, a fancier band could be the right one for you. Just remember, this might take attention away from the diamond.

Build a Custom 5.5 carat diamond ring Starting with Our Curated Diamond Selections For The Best Deals

Creating your very own 5.5 carat diamond ring is a personal adventure that lets you make a piece of jewelry that reflects your unique style and individuality, all without breaking the bank compared to store prices. With trusted names like Brilliant Earth, James Allen, and Blue Nile, you have the ability to customize every single part of your ring, from the diamond's cut right down to the band's style.
Start Building
Watch us take you through the entire building process on our favorite websites.

Feel free to make your purchase online from our reliable partners. Each link will lead you to the best deal available for a diamond ring.

We have evaluated every company, and every "Shop Now" link is automatically adjusted to direct you to the best prices for high-quality diamonds. Essentially, it utilizes our specific criteria on each website to discover the greatest discounts on your request. Indulge in a wide selection of custom-designed rings and exceptional customer care.

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 5.5 carat diamond ring worth?

The average price of a 5.5 carat diamond ring is $144,300. However, the price range can vary significantly, ranging from $41,590 to $495,404.

How big is a 5.5 carat diamond ring?

A 5.5 carat diamond ring has a diameter of approximately 10.7mm. This size is visibly larger than a 5 carat diamond ring, which typically has a diameter of around 10.5mm. On the other hand, it appears slightly smaller than a 6 carat diamond ring, which usually has a diameter of about 10.9mm.

What does a 5.5 carat diamond ring look like like on a hand?

A 5.5 carat diamond ring on a hand is visually striking and luxurious. The diamond itself has a width of approximately 11.5mm, which occupies a significant portion of the finger's width, around 68.3%. Its size and brilliance make it a captivating centerpiece that demands attention.

What is the price of a 5.5 carat diamond ring?

The price of a 5.5 carat diamond ring falls within the range of $41,590 to $495,404.

Is a 5.5 carat diamond ring good enough?

Yes, a 5.5 carat diamond ring can be considered good enough. The larger carat weight often signifies a more valuable and impressive diamond. However, the overall quality of the diamond, including its cut, clarity, and craftsmanship, also plays a significant role in determining its desirability.

Is a 5.5 carat diamond ring big?

Yes, a 5.5 carat diamond ring is considered big. The average carat weight for a diamond engagement ring is about 1.2 carats, so a 5.5 carat diamond is significantly larger. A 5.5 carat diamond is highly noticeable and eye-catching. It is considered a substantial size and may be more expensive due to its rarity.

What does a 5.5 carat diamond ring weigh?

A 5.5 carat diamond ring weighs 1.1 grams.

Should I get a 5.5 carat diamond ring?

A 5.5 carat diamond ring is a great choice if you want a larger and more valuable diamond. It will definitely stand out and make a statement.

Is a 5.5 carat diamond ring too big?

A 5.5 carat diamond ring is considered large, but it ultimately depends on personal preference and style.

Is a 5.5 carat diamond ring small?

A 5.5 carat diamond ring is considered quite large. The size of a diamond can vary depending on personal preference and finger size, but generally, a 5.5 carat diamond is considered to be on the larger side.
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