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5 carat oval diamond ring Buying Guide

With our guide, it is possible to save up to $163,448.
Let's explore a guide that will assist you in maximizing your money while purchasing a 5-carat oval diamond ring. We'll provide advice on smart investments and areas where you can save money. Additionally, we'll disclose the ideal places to buy your dream ring, and maybe even find one that surpasses your expectations.
Eager to buy and skip the lessons?
We have gathered the top online deals for a 5 carat oval diamond ring. Check out our picks with the links provided below.

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

Grab the lowest price for a luxury 5 carat oval diamond ring.

In the upcoming lessons, we will show you how to make the most of your 5 carat oval diamond ring, making it appear larger and more brilliant, all while saving money. We will provide valuable tips on how to avoid being deceived by diamond companies.
Average Price
$78,117.78
Price Range
$26,510-$230,820
Our Max Savings
$163,448
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.
$136,580 Cash Savings

Lesson 2

Clarity

Save a significant amount of money by using our clarity advice, which can reduce diamond ring prices by 50%. We are here to assist you in achieving this goal.
$23,550 Cash Savings

Lesson 3

Color

The color of diamonds is another important factor that affects their pricing. We will help you understand how to use this factor to save money.
⤫ 85% Cash Savings

Lesson 8

Lab Grown

Lab-grown versions can save you up to 85% on a 5 carat oval diamond ring, but keep in mind that it may not have a high resale value.
☺ Spend Money

Lesson 4

Carat Weight / Size

Most women tend to prefer diamonds that appear larger, so it's a good idea to prioritize your budget towards that. We're here to assist you in achieving a bigger size without overspending in other aspects.
☺ 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

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

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

Buy your 5 carat oval diamond ring online and save up to 40% instantly.

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.

Click on the shop now links below to begin building the most affordable and valuable 5 carat oval diamond ring!

If you're eager to start shopping, you can click on any of our links to find the best deals on high-quality diamonds from reputable 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

If you're considering buying a 0.5 carat emerald cut diamond ring, remember that the diamond's clarity is the primary factor to consider in terms of pricing.

⊗ Up to $164,374 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 the presence of noticeable flaws. It's important to mention that these flaws are usually only visible when using a 10x magnifying glass. Diamond clarity is categorized from 'flawless' to 'included'. In the middle, you'll come across classifications like VS1, VS2, and SI1. These diamonds may have imperfections that can only be seen with 10x magnification. To the naked eye, they look absolutely flawless, so nobody will be able to notice any blemishes when they admire your ring!

Optimal Clarity Range for a 5 carat oval diamond ring

Choosing a diamond in the VS2-SI1 clarity range for your 5 carat oval diamond ring can result in substantial savings, potentially reducing the total price by as much as $164,374. When considering the clarity of the diamond, we highly recommend opting for VS2 as it offers a great balance between price and clarity. However, it is important not to disregard SI1 diamonds. With just a few minutes of searching through available options, you can easily find SI1 diamonds that appear almost flawless.

One more important tip! Always avoid "cloudy"

This one is simple. Always avoid cloudy diamonds found in the GIA certificate. This is the one flaw that really matters for brilliance. 
☆ These diamonds have identical carat, cut, & color 
Not Recommended
Go with this clarity
FL
IF
VVS1
VVS2
VS1
VS2
SI1
‹ drag left or right ›

FL - Flawless

Cost - $253,902 This diamond is absolutely flawless, without a single imperfection, but the price seems excessively high. Savings - You could save $159,662 - $208,082 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

IF - Internally Flawless

Cost - $230,820 The diamond is flawless on the inside, meaning it has no internal flaws, but it may have some imperfections on the outside. This is also a bit excessive. Savings - You could save $136,580 - $185,000 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS1

Cost - $219,279 The diamond is nearly flawless, but considering its cost, it's still overly expensive. Savings - You could save $125,039 - $173,459 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VVS2

Cost - $94,240 These diamonds are incredibly beautiful, but we still recommend choosing ones with slightly less clarity. Savings - You could save $0 - $48,420 with a VS2, SI1, or SI2 diamond
‹ drag left or right ›

VS1 - Very Slightly Included

Cost - $143,900 If you come across an amazing deal on a VS1 diamond, that's really great. However, the upcoming clarity grades are known to offer the best combination of affordability and value. Savings - You could save $49,660 - $98,080 with a VS2, SI1, or SI2 diamond

‹ drag left or right ›

VS2 - Very Slightly Included

Cost: $94,240 Total Savings: $49,660 - $136,580 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: $89,528 Total Savings: $54,372 - $141,292 This diamond clarity offers the best value. However, it's important to note that not all SI1 diamonds are equal. While some may not meet your standards, many are exceptionally beautiful and can easily be mistaken for a higher grade like VS2.

Lesson 3 - Color

The cost of a 5 carat oval diamond ring is greatly influenced by the diamond's color.

⊗ Up to $33,318 savings with these tips
Watch us save thousands by purchasing diamonds in the right range

What is Color?

Diamonds can vary in color, ranging from yellow to colorless. The Gemological Institute of America (GIA) rates diamonds on a scale from D (colorless) to Z (yellow or brown). The majority of diamonds used in jewelry have a slight color, falling within the G-H range. These subtle color differences are typically only noticeable when compared to higher grade diamonds like D, E, or F. While color is more noticeable in larger diamonds, an oval diamond from the G-H range will still appear almost colorless and will be less expensive than a completely colorless diamond like a D-grade one.

Optimal Color Range For A 5 Carat Oval Diamond Ring

Opting for the appropriate color grade for a 5 carat oval diamond ring can lead to significant cost reductions. Instead of splurging on diamonds graded in the D-F category, opting for those in the G-J range can still result in a breathtaking piece while saving you up to $33,318, apart from the potential savings achieved through wise clarity choices. Additionally, when considering more intricate designs such as a halo diamond ring adorned with numerous smaller diamonds encircling the main stone, it is advisable to select a central diamond falling within the G-H color range. This decision helps prevent any noticeable color contrast that may arise when comparing I-J graded diamonds to the smaller, usually 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 - $107,434 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 $18,201 - $23,555 with a G or H colored diamond
‹ drag left or right ›

E color

Cost - $100,988 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 $11,755 - $17,109 with a G or H colored diamond
‹ drag left or right ›

F color

Cost - $94,928 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 $5,696 - $11,050 with a G or H colored diamond
‹ drag left or right ›

G color

Cost - $89,233 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 $5,354 with an H colored diamond
‹ drag left or right ›

H color

Cost - $83,879 Total Savings: $5,354 - $23,555 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 - $78,846 Total Savings: $10,387 - $28,588 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 - $74,115 Total Savings: $15,117 - $33,318 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.

Discover the potential to save a staggering $73,000 on your 5 carat oval diamond ring with lab grown diamonds.

Lab-grown diamonds are incredibly attractive because they look just like natural diamonds, even though they are made in a lab. What makes them even more appealing is that the way they are produced is environmentally friendly and morally responsible. On top of that, lab-grown diamonds are significantly more affordable than natural diamonds, with prices that can be up to 85% lower.

If you ever decide to sell your 5 carat oval diamond ring, choosing a lab-grown diamond can help you minimize your financial loss.

Opting for the appropriate color grade for a 5 carat oval diamond ring can lead to significant cost reductions. Instead of splurging on diamonds graded in the D-F category, opting for those in the G-J range can still result in a breathtaking piece while saving you up to $33,318, apart from the potential savings achieved through wise clarity choices. Additionally, when considering more intricate designs such as a halo diamond ring adorned with numerous smaller diamonds encircling the main stone, it is advisable to select a central diamond falling within the G-H color range. This decision helps prevent any noticeable color contrast that may arise when comparing I-J graded diamonds to the smaller, usually colorless or near-colorless diamonds within the halo.
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?

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. 

Choose this Carat Range when looking for a 5-carat oval diamond ring.

You might want to check out diamonds in the 4.5 to 5.5 carat range. That way, you'll be able to see some nice differences in prices without a big difference 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 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?

When you're looking for a stunning oval diamond ring weighing 5 carats, one of the most important things to consider is the cut. The cut determines the accuracy and flawlessness of the diamond's angles, which then affects the overall shine and brilliance of the ring.

The behind-the-scenes truth about diamonds

You may think that the most expensive diamond is always the one with the perfect cut, designed to dazzle with maximum sparkle. However, that's not always the case. Surprisingly, a diamond with a "Fair" cut, but with the same carat, color, and clarity, can actually cost more. It may sound odd, but diamonds that are poorly cut can give off the impression of being larger, while lacking the sparkle and brilliance that you crave. A diamond without sparkle is like a book without any words.

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

Not all diamond shapes are equally sparkly; some shapes can give the illusion of a higher cost in 5 carat oval diamond rings.

What is Diamond Shape?

Diamonds come in different shapes, like round, oval, and many others. Some shapes can make a diamond appear bigger, while others highlight its sparkle and timeless beauty. Check out our shape tool in this section to see a wide range of 5 carat diamond rings with various shapes.

What shape to choose?

It's important to recognize that certain diamond cuts can give off the illusion of a bigger gem, and there are some cuts that are currently in style. Nevertheless, the most important decision is the one that truly speaks to you. If you're unsure about which cut to go for, think about getting a brilliant cut diamond. This includes shapes like Round, Marquise, Princess, Cushion, Oval, Pear, and Radiant. Out of all these options, Round diamonds are the ones that get chosen most frequently, while Oval and Marquise cuts can make a diamond look bigger without increasing the 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 appearance of a 5-carat oval diamond ring can completely change with a different band.

What is setting?

The metal part of a diamond ring, which is commonly called the band, is known as the setting. Usually, they are made of gold and can be found in various colors like white, yellow, or rose. Another option is a platinum band. The setting plays a significant role in the overall look of your 5 carat oval diamond ring. It serves as a great way to showcase your personal style choices. Here are the top three settings that most people prefer. Regardless of your choice, we suggest going with 14k gold. The reason behind this recommendation will be explained as you continue reading.
The setting or band is really important for making your diamond look bigger and better. 

Make sure that the band of your ring is made of 14 karat gold.

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 carat oval 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: Give Your Diamond the Illusion of Size with a Bunch of Smaller Ones

Looking to make your 5 carat oval diamond ring appear bigger? You might want to consider a halo setting. With this type of setting, smaller diamonds surround the main gem, creating a dazzling effect that gives the illusion of a larger diamond. For an even greater impact, think about opting for a double halo setting. When combined with a slim band, this setting can make a smaller diamond look significantly larger, giving the impression of a more extravagant piece.

Maintain the Main Diamond's Dominance

Many women want a diamond that appears as large as possible. A band that is overly ornate or wide can take attention away from the diamond, making it seem smaller in comparison. If you want your 5 carat oval diamond ring to really catch the eye, a simpler band would be a wise choice. However, if you value the overall design of the entire ring, a detailed band might be your preference, but keep in mind that this could detract from the diamond's impressive presence.

Build a Custom 5 carat oval diamond ring Starting with Our Curated Diamond Selections For The Best Deals

Creating a customized piece of jewelry is a unique journey that allows you to design a ring that perfectly reflects your individual style and personality, all at a much lower price than what you would find in stores. With well-known industry leaders such as Brilliant Earth, James Allen, and Blue Nile by your side, 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.

Go ahead and complete your online purchase using one of our trustworthy partners. Each link guarantees the best value for diamond rings.

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

Our Money Saving Links

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

Ease of Use
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Customer Service
Best overall experience, great selection, 24/7 customer support
Ease of Use
Pricing
Selection
Customer Service
Another excellent website for very well priced diamond rings.
Ease of Use
Pricing
Selection
Customer Service
They focus on ethically sourced diamonds. Best option for karma free rings
Ease of Use
Pricing
Selection
Customer Service
They focus on ethically sourced diamonds. Best option for karma free rings
Ease of Use
Pricing
Selection
Customer Service
Mostly here to show you how retail companies are not high quality. 

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 carat oval diamond ring worth?

A 5 carat oval diamond ring is worth an average of $78,100. The price range for such rings is between $26,510 and $230,820.

How big is a 5 carat oval diamond ring?

A 5 carat oval diamond ring has a size of approximately 12.2mm in length and 9.5mm in width. Comparing it to a 5.5 carat oval diamond ring, which would be slightly larger, the size difference would be barely noticeable. On the other hand, when compared to a 4.5 carat oval diamond ring, the 5 carat diamond ring would appear slightly larger.

What does a 5 carat oval diamond ring look like like on a hand?

A 5-carat oval diamond ring is a larger and more luxurious choice for an engagement ring. On a hand, it will have a noticeable presence and draw attention. The oval shape of the diamond creates an elongated appearance on the finger, making it look elegant and stylish. The width of a 5-carat oval diamond is approximately X mm, which takes up around Y% of the finger's width.

What is the price of a 5 carat oval diamond ring?

The price of a 5 carat oval diamond ring ranges from $26,510 to $230,820.

Is a 5 carat oval diamond ring good enough?

Yes, a 5 carat oval diamond ring can be considered good enough. Oval diamonds are known for their elegant shape and can be quite stunning, especially if the diamond is well-cut, has excellent clarity, and has been expertly crafted into its ring and setting. The larger carat weight of 5 carats adds to the overall presence and impact of the diamond, making it a desirable choice for many people.

Is a 5 carat oval diamond ring big?

Yes, a 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 carat diamond is significantly larger. A 5 carat oval diamond is quite noticeable and eye-catching. It is considered a substantial size and may be more difficult to find and more expensive compared to smaller carat weights.

What does a 5 carat oval diamond ring weigh?

A 5 carat oval diamond ring weighs 1 grams.

Should I get a 5 carat oval diamond ring?

A 5 carat oval diamond ring is a great choice if you prefer a larger and more eye-catching diamond. The oval shape adds elegance and uniqueness to the ring.

Is a 5 carat oval diamond ring too big?

A 5 carat oval diamond ring is considered large, but it ultimately depends on personal preference and style.

Is a 5 carat oval diamond ring small?

No, a 5 carat oval diamond ring is not considered small. The size of the diamond will be quite noticeable and impressive on any finger.
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