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5.5 carat oval diamond ring Buying Guide

Our guide will teach you how to pocket an extra $226,104.
In this guide, we will reveal how to get the most out of your purchase of a 5.5 carat oval diamond ring. We will point out when it's worth spending more and when you can cut costs, and provide you with information on where to find your dream ring or maybe even a more remarkable one.
Want to start buying now instead of learning first?
We have gathered the greatest deals on 5.5 carat oval diamond rings from the best online stores. Take a look at our chosen options by clicking on the links below.

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

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

In the upcoming lessons, we'll teach you how to find a stunning 5.5 carat oval diamond ring without breaking the bank. Our goal is to help you get the most value for your money and avoid falling for any misleading tactics from 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 can find diamond rings online for a significantly lower cost. Physical stores tend to increase prices by 40% and offer only a limited range of options.
$179,470 Cash Savings

Lesson 2

Clarity

Our clarity tips can potentially slash diamond ring prices in half. We're here to assist you in saving a significant amount of money.
$14,950 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

Lab-grown diamonds can save you an impressive 85% on a 5.5 carat oval diamond ring, but keep in mind that reselling might be difficult.
☺ Spend Money

Lesson 4

Carat Weight / Size

Because women tend to favor diamonds that appear bigger, it makes sense to invest in larger ones. We are here to assist you in maximizing the diamond's size while finding ways to save in other areas.
☺ Spend Money

Lesson 5

Cut, Sparkle & Brilliance

The way a diamond is cut is extremely important for its overall appearance. It's crucial not to compromise on this aspect, as it's what gives the diamond its sparkle and brilliance.
≔ Personalize

Lesson 6

Shapes

Every shape adds a distinct appearance and sparkle to a diamond ring. We will show you how each shape looks and shines.
≔ Personalize

Lesson 7

Setting / Band

Choosing a solitaire ring can be a cost-effective option and create the illusion of a larger diamond. However, it's important to take personal preference into account when making this decision.

Lesson 1 - Buy Online
Up to 40% savings here

Get your 5.5 carat oval diamond ring online and save up to 40% instantly.

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 begin creating the most affordable and valuable 5.5 carat oval diamond ring, simply click on the 'shop now' links below!

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

The pricing of a 0.6 carat emerald cut diamond ring is primarily determined by the clarity of the diamond.

⊗ 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 oval diamond ring

By selecting a diamond in the clarity range of VS2-SI1, you can save a significant amount, up to $299,832, on the overall cost of your 5.5 carat oval diamond ring. Our strong suggestion is to consider the VS2 clarity grade, as it offers an excellent balance between price and clarity. However, it is important not to disregard SI1 diamonds entirely, as with just a few minutes of searching through the available options, you can discover diamonds that appear 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 - $356,642 This diamond is flawless, but it feels like it's too much considering the price. 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 This diamond is perfectly clear inside without any flaws, but it might have some imperfections on the outside. Even these imperfections seem unnecessary. 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 when you take into account the cost, it is still too extravagant. 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 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 $-21,217 - $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 This diamond clarity is the perfect blend of quality and affordability. The majority of these diamonds are flawless to the naked eye, meaning you won't be able to spot any imperfections in them.
‹ drag left or right ›

SI1 - Slightly Included

Cost: $56,810 Total Savings: $66,724 - $267,410 You won't find a better deal for diamond clarity than this. However, it's important to remember that not all SI1 diamonds are the same. Although some may not meet your expectations, many are truly stunning and can be compared to a VS2 diamond.

Lesson 3 - Color

The color of a diamond plays a significant role in determining the price of a 5.5 carat oval 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 have a yellow tint or be totally colorless. The GIA grades them from D (colorless) to Z (yellow or brown). Most diamonds used in jewelry are in the G-H range, which means they have a slight color. You can only see this color if you compare them to higher-grade diamonds like D, E, or F. While color differences are more noticeable in larger diamonds, a diamond in the G-H range will still appear almost colorless and will be cheaper than completely colorless diamonds like those with a D-grade.

Optimal Color Range For A 5.5 Carat Oval Diamond Ring

Choosing the appropriate color grade for a 5.5 carat oval diamond ring can lead to significant cost reductions. Instead of paying premium rates for diamonds graded D-F, consider opting for a diamond in the G-J range. By doing so, not only can you obtain an exquisite piece, but you can also save up to $21,142, in addition to any potential savings resulting from judicious decisions regarding clarity.
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 over $137,800 on your 5.5 carat oval diamond ring with the choice of lab grown diamonds.

Please rewrite the following using commonly used language in the United States without referring to any specific nationality or language, and always using the term lab-grown: Please rewrite the following using commonly used language in the United States without referring to any specific nationality or language, and always using the term lab-grown:

If the time comes to sell your 5.5 carat oval diamond ring, choosing a lab-grown diamond can help minimize your financial setback.

Choosing the appropriate color grade for a 5.5 carat oval diamond ring can lead to significant cost reductions. Instead of paying premium rates for diamonds graded D-F, consider opting for a diamond in the G-J range. By doing so, not only can you obtain an exquisite piece, but you can also save up to $21,142, in addition to any potential savings resulting from judicious decisions regarding clarity.
Explore Lab Grown 

Lesson 5 - Carat / Size

When you are looking for your diamond ring, focus your money on the carat size.

Why is Carat Important?

Picture a diamond ring. The size of the central diamond really catches your attention, doesn't it? Well, surveys indicate that women concur - it's the most crucial aspect. The higher the carat, the larger the diamond, and that's where we suggest you invest your funds.
Watch us compare sizes and help you visualize what you want. 

These are the carat options to think about when choosing a 5.5 carat oval diamond ring.

I suggest checking out diamonds that range from 4.95 to 6.05 carats. This will give you a variety of prices to consider without a significant increase in size.
Hand Diamond

1 carat

Explore More Diamond Weights

Lesson 6 - Cut

It's important to understand that the cut of a diamond directly impacts its sparkle. When buying your 5.5 carat oval diamond ring, choose an ideal or excellent cut to enhance its brilliance.

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

What is Cut?

If you're looking for a stunning oval diamond ring that's 5.5 carats, the way it's cut is really important. The cut determines how well the angles are done, and that affects how much the ring sparkles and shines.

The closely guarded secret within the diamond industry.

You might think that an 'Ideal' cut diamond, which is famous for its perfectly sparkly appearance, is always the most expensive. Well, it turns out that this assumption isn't always accurate. Surprisingly enough, a 'Fair' cut diamond with the same carat, color, and clarity can sometimes be even pricier. It might sound strange, but poorly cut diamonds can actually appear larger while lacking that desired sparkle and brilliance. A diamond without any sparkle is just like a guitar without any strings.

One last thing to keep in mind: go 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

Consider a diamond's shape since it can impact the sparkle of a 5.5 carat oval diamond ring, making it seem more expensive.

What is Diamond Shape?

When we discuss the diamond shape, we're talking about its style, such as round, oval, or pear. There are numerous shapes that exist, each with its own unique characteristics. Certain shapes have the ability to make a diamond appear bigger, while others enhance its brilliance and provide a timeless charm. Explore a selection of 5.5 carat diamond rings with a variety of shapes by utilizing our shape tool available in this section.

What shape to choose?

Sure, some diamond shapes can make the stone look bigger, and some shapes are popular right now. But remember, what really counts is what makes you the happiest. If you're not sure, a brilliant cut diamond, such as Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant shapes, might be your best bet. Out of these, Round diamonds are the most popular, while Oval and Marquise shapes can give the impression of a larger diamond without weighing more.
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

A different band can completely change the appearance of a 5.5 carat oval diamond ring.

What is setting?

The shiny part of the diamond ring, also called the band, is what we call the setting. Usually, these are made of gold and come in different colors like white, yellow, or pink gold. You can also choose a platinum band if you want. The setting is very important in how the entire 5.5 carat oval diamond ring looks. This is your chance to show your own personal style. We've listed the three most popular settings for you. No matter which one you choose, it's best to always go with 14k gold. As you keep reading, you'll understand why this is the case.
The setting or band is really important for making your diamond look bigger and better. 

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

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 - A Delicate Ring Enhances the Size of the Center Diamond Significantly

Poll results indicate that most women have a preference for large diamonds. A way to highlight the size of a 5.5 carat oval diamond ring is by choosing a Solitaire setting with a fine, delicate band. The difference in size between the tiny band and the large diamond can generate an illusion of an even bigger stone. Adding small accent diamonds along the band can also amplify this effect, providing decorative detail without overshadowing the central diamond.

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

Adding a halo setting is a fantastic method to give your oval diamond ring, which measures 5.5 carats, a more substantial appearance. This type of setting employs smaller diamonds that encircle the main stone, producing a glowing ambiance that enhances the perceived size of the central diamond. For an even more remarkable effect, you might want to consider a double halo setting. When combined with a slender band, this setting can create the illusion of a larger diamond, resulting in a truly impressive piece of jewelry.

Ensure that the main diamond remains the center of attention.

Most women prefer a big diamond. If your ring band is too fancy or wide, it might take attention away from the diamond, making it appear smaller. If your main focus is the 5.5 carat oval diamond ring, a simpler band would be better. On the other hand, if you care more about the overall design of the ring, a fancier band could be right for you, but remember, it might overshadow the diamond.

Build a Custom 5.5 carat oval 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.

Choose online shopping with our trustworthy partners. Each link ensures the best price for a diamond ring.

We have thoroughly examined each company and made sure that every "Shop Now" link is set up to direct you to the most competitive prices for high-quality diamonds. This means that we have individually adjusted the settings on each website to assist you in finding the greatest savings on your purchase. Enjoy a diverse selection, personalized rings, and unparalleled customer assistance to enhance your shopping experience.

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 oval diamond ring worth?

The average price of a 5.5 carat oval diamond ring is $144,300. However, the price range for such rings can vary significantly, starting from $41,590 and going up to $495,404.

How big is a 5.5 carat oval diamond ring?

A 5.5 carat oval diamond ring has a size of approximately 13.1mm in length and 9.9mm in width. When compared to a 5 carat oval diamond ring, which is approximately 12.8mm in length and 9.6mm in width, the 5.5 carat diamond ring appears slightly larger. However, when compared to a 6 carat oval diamond ring, which is approximately 13.4mm in length and 10.2mm in width, the difference in size is barely noticeable.

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

A 5.5 carat oval diamond ring is a larger and more eye-catching choice for an engagement ring. The oval shape of the diamond gives it an elongated appearance on the hand, making it look elegant and sophisticated. The width of a 5.5 carat oval diamond is approximately 11.7mm, which means it takes up a significant portion of the finger's width, making it a prominent and stunning piece of jewelry.

What is the price of a 5.5 carat oval diamond ring?

The price of a 5.5 carat oval diamond ring can range from $41,590 to $495,404.

Is a 5.5 carat oval diamond ring good enough?

Yes, a 5.5 carat oval diamond ring can be considered good enough. Oval diamonds are known for their elegant and elongated shape, which can create a flattering appearance on the finger. Additionally, the 5.5 carat size indicates a substantial diamond that will likely have a noticeable presence and sparkle. However, it is important to consider other factors such as the diamond's cut, clarity, and craftsmanship to ensure the overall quality and beauty of the ring.

Is a 5.5 carat oval diamond ring big?

Yes, a 5.5 carat oval 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 oval diamond is quite noticeable and eye-catching. It is considered a substantial size and may be more uncommon or difficult to find.

What does a 5.5 carat oval diamond ring weigh?

A 5.5 carat oval diamond ring weighs 1.1 grams.

Should I get a 5.5 carat oval diamond ring?

A 5.5 carat oval diamond ring is an excellent choice because of its impressive size, unique shape, and timeless elegance.

Is a 5.5 carat oval diamond ring too big?

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

Is a 5.5 carat oval diamond ring small?

A 5.5 carat oval diamond ring is not considered small. The carat weight of a diamond determines its size, and 5.5 carats is quite substantial. However, it's important to note that the appearance of the diamond can vary depending on the shape and cut of the stone.
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