If you want to spend less and get a bigger carat, lab-grown is the way to go. Get one at Gilt for a colossal discount.

Best for lab-grown diamonds: Plum Diamonds Plum Diamonds is a fantastic place to get affordable, lab-grown diamond engagement rings. But if you're not getting engaged anytime soon, you can still ...

Before all of that, though, comes the engagement party. If you’re concerned about the expenses associated with all of these events, you can skip the engagement party gift altogether.