The Ultimate Guide to Engagement Rings in Toronto: Styles, Pricing & Where to Buy

by Shaurik Kashyap August 21, 2025

The Ultimate Guide to Engagement Rings in Toronto: Styles, Pricing & Where to Buy

An engagement ring is more than jewelry — it’s a promise, a symbol of love, and often one of the most meaningful purchases of your life. If you’re looking for the perfect engagement ring in Toronto, you may feel overwhelmed by the choices. Should you buy from a big chain or a boutique jeweler? Should you go with a diamond, lab-grown, or moissanite? How much should you spend?

This ultimate guide will answer all your questions. From styles and pricing to ethical sourcing and aftercare, you’ll learn everything you need to confidently choose the perfect ring in Toronto.

Why Buy Your Engagement Ring in Toronto?

Toronto is Canada’s largest jewelry hub, offering everything from high-end boutiques on Bloor Street to hidden gems like Toronto Fine Jewelry (TFJ) — a boutique jeweler specializing in custom engagement rings, ethical sourcing, and fair pricing.

Buying in Toronto means:

Local craftsmanship – At TFJ, rings are designed and handcrafted in Toronto, certified by local appraisers.
Better value – Boutique jewelers like TFJ offer luxury quality without excessive retail markups.
Personalized service – Unlike chain stores, you work directly with jewelers who listen to your story and vision.
Lifetime care – Complimentary cleaning, polishing, and inspections set TFJ apart from most competitors.

Popular Engagement Ring Styles in Toronto

Choosing the right style is often the first step. Here are the most popular engagement ring designs right now:

1. Solitaire Rings

Timeless and elegant, solitaires feature a single stone on a simple band. Perfect for those who value classic beauty.

2. Halo Rings

A central diamond surrounded by smaller stones for maximum sparkle. Popular in Toronto for its luxurious, glamorous look.

3. Three-Stone Rings

Symbolizing past, present, and future, this style offers romance and balance.

4. Vintage-Inspired Rings

Featuring intricate details like milgrain edges, filigree, and engraving. Ideal for those who love artistry and history.

5. Modern Minimalist Rings

Sleek bands, bezel settings, and lab-grown diamonds — a growing trend among Toronto couples who prefer understated sophistication.

💎 Trend Alert: Engagement Ring Trends in Toronto 2025

Oval-cut diamonds are in high demand.
Yellow gold is making a major comeback.
“Toi et Moi” (two-stone) rings are gaining popularity.
Hidden halos and unique side-stone settings are trending.

Diamond & Gemstone Choices

Your choice of stone impacts both the look and the price.

Natural Diamonds

The traditional choice — rare, timeless, and often associated with prestige.

Lab-Grown Diamonds

Visually and chemically identical to mined diamonds but cost 30–40% less. Popular among eco-conscious Toronto couples.

Moissanite

Known for brilliance and affordability, moissanite is growing rapidly in popularity. At TFJ, we offer a lifetime warranty against scratching and clouding on moissanite center stones.

Colored Gemstones

Sapphires, emeralds, and rubies offer unique personalization. A deep blue sapphire or vibrant green emerald makes for a bold statement.

💡 Pro Tip: Many Toronto couples are choosing lab-grown diamonds or moissanite to maximize size and sparkle within their budget.

Metal Options for Your Ring

The metal you choose sets the tone of your ring:

White Gold – Bright, timeless, and complements all skin tones. Requires rhodium plating for maintenance.
Yellow Gold – Warm and traditional, making a huge comeback in 2025.
Rose Gold – Romantic, trendy, and unique.
Platinum – Durable, hypoallergenic, and premium (higher cost).

How Much Does an Engagement Ring Cost in Toronto?

Pricing varies, but here’s a guide:

Entry-level: $1,000 – $3,000 (lab-grown, moissanite, or small natural diamonds in simple settings).
Mid-range: $3,000 – $7,000 (larger diamonds, halos, three-stone designs).
Luxury: $7,000+ (premium diamonds, platinum settings, custom craftsmanship).

💎 Why TFJ Offers Better Value
Big chains often inflate prices with markups for branding and overhead. At TFJ, you get handcrafted rings at fair prices, with the ability to customize without compromise.

Where to Buy Engagement Rings in Toronto

You have three main options:

1. Big Retail Chains

Pros: Convenient, well-known.
Cons: High markups, limited customization, impersonal service.

2. Online-Only Jewelers

Pros: Often cheaper.
Cons: No in-person inspection, limited aftercare.

3. Boutique Jewelers (Best Choice)

Pros: Custom designs, ethical sourcing, lifetime services, personalized care.
Example: At Toronto Fine Jewelry, every ring is handcrafted in Toronto with access to custom design, ethical materials, and complimentary aftercare.

The Custom Design Option

Custom rings are increasingly popular in Toronto. Here’s how TFJ makes it easy:

Consultation – Share your vision, sketches, or inspiration.
Design & 3D Rendering – See your ring before it’s made.
Material Selection – Choose your stone and metal.
Craftsmanship – Our master jewelers bring it to life.
The Reveal – A one-of-a-kind ring, made just for you.

Custom isn’t just about aesthetics — it’s about creating a piece that reflects your unique story.

Sustainability & Ethical Sourcing

Toronto couples are increasingly looking for sustainable engagement rings. At TFJ, we are proud to offer:

One Tree Planted partnership – One tree planted for every engagement ring sold.
Conflict-free diamonds and lab-grown options.
Recycled metals (gold and platinum) upon request.
Eco-friendly packaging that balances luxury with responsibility.

When you choose TFJ, your love story also helps the planet.

Warranty & Aftercare

Most jewelers offer a 1-year limited warranty. At TFJ, we go further:

30-Day Workmanship Warranty – Covers defects and workmanship issues.
Lifetime Moissanite Warranty – Coverage against scratching/clouding.
Complimentary Lifetime Services:

Free cleaning every 6 months
Free annual polishing ($150 value)
Free annual inspection of prongs and settings

This level of aftercare ensures your ring remains as stunning as the day you said “yes.”

Tips for Choosing the Right Ring

Set a budget early – Toronto offers rings for every budget.
Think about lifestyle – Choose durable metals and secure settings if the wearer is active.
Don’t just chase trends – Select something timeless that reflects your partner.
Consider upgrades – Many couples choose a modest ring first, with plans to upgrade later.
Work with a trusted jeweler – Boutique jewelers like TFJ will guide you through every step.

Engagement Ring FAQs

Q: How much should I spend on an engagement ring in Toronto?
A: The average spend in Canada is $4,000–$6,000, but the right budget is what feels comfortable for you.

Q: Are lab-grown diamonds popular in Toronto?
A: Yes — they’re identical to mined diamonds but cost 30–40% less, making them a popular choice.

Q: What’s the difference between moissanite and diamonds?
A: Moissanite is nearly as hard as diamonds, more brilliant, and significantly more affordable.

Q: How long does a custom engagement ring take to make?
A: At TFJ, custom designs typically take 4–6 weeks from consultation to completion.

Q: Do you offer financing?
A: Yes. Flexible payment options are available at TFJ — contact us to learn more.

Final Thoughts

An engagement ring should be as unique as your love story. Whether you’re drawn to timeless solitaires, sparkling halos, or a fully custom design, Toronto offers incredible options.

At Toronto Fine Jewelry, we specialize in helping couples design and discover the ring of their dreams — handcrafted in Toronto, ethically sourced, and backed by a lifetime of care.

✨ Book your engagement ring consultation today and let us help you create a ring that’s truly unforgettable.