If you wanna go ahead and ask this question congratulate yourself very few people ever stop to think about many beautiful options available to them when buying an engagement ring. Many have rigid pre- conceived notions that they refuse to swerve from them.
Just because a couple is thrifty and desires to save money to be invested elsewhere in their marriage, it doesn’t mean that the choice of an engagement ring need be humdrum. Thinking outside the traditional can often mean finding a ring that will introduce symbolism into their special relationship, romance and even something novel that will be the envy of their friends.
Generally, the options may be divided into three basic categories, that is if you plan to have a ring. You could also make a choice of a ring without a stone; one idea is a band that will go well with a wedding band, and then be engraved with words that are important to you, or perhaps embossed with a pattern you like that also coordinates with the wedding band.
Bands can be examined along with the wedding sets and you can mix and match, or you can duplicate by turning a single band into a double band. Many designers would jump at the opportunity to design a dual band set so it should not be hard to hire one for cheap and use the savings on stone.
In case you select a stone, the remaining two selections are to go with some kind of stone or synthetic that appears like diamond, or simply lighting out for the unknown country and locating a stone that suits you perfectly, both as individuals and as a couple.
Cubic Zirconium is the most preferred and known substitute for diamond, though it weights more and looks duller than a pure diamond and may even wane in color with usage. Many people will choose this over a diamond to save money.

Moissanite is a stone that is produced in a laboratory. It is patterned after a crystal located in the center of a meteorite and is an excellent choice, despite costing somewhat more than stones of cubic zirconium. The stone is twice as brilliant and slightly harder than diamond. (although this factor may increase the diamond’s beauty, it could also lead to identification for people whose preference is a diamond’s muted fire), and refracts lightness somewhat differently, directing whatever group to find that it has a sick chromatic color. The positive and negative aspects of Moissanite are mostly based on individuals’ personal opinion.
For the last century, white sapphires have been used as an alternative for diamonds. The white sapphire is a beautiful stone in itself and the beauty of it is it can be cut just like a diamond but one must be aware that it is softer and less durable.

If you want to purchase precious stones other than diamonds or their lookalikes, then there is no limits to your options other than the ones you impose on yourself. Ruby, sapphire, jade, and similar hard stones are good choices since the stone will be worn constantly over a long period of time.
A color that blends well with the range of colors that are frequently worn is generally a good choice to make. The entire world of fine stones is open beyond that. What about a star sapphire or some other type of carborundum like a ruby stone? Sure! What a remarkable difference when compared to a diamond! Is not the idea of a solid gold mounting studded with a carved jade fascinating? It lasts a long time and comes in a variety of colors.