The 5 Best Diamond Engagement Ring Shops in Melbourne Where Forever Begins
Let’s face it: shopping for diamond jewellery seems straightforward, but it rarely is, especially if you’re proposing to the love of your life. You have to consider the cut, clarity, colour, and carat.
The city is packed with brilliant ateliers, hidden boutique studios, and heritage master jewellers ready to bring your dream ring to life. But with loads of options, it can be overwhelming to pick the right spot.
To pave the way, we gathered the best diamond engagement ring shops in Melbourne. Whether you want a natural solitaire or a lab-grown gem, we’ve got you covered!
How much does a diamond engagement ring cost in Melbourne?
Buying a diamond engagement ring in Melbourne usually costs between $6,000 and $10,000, depending on the type of diamond, carat, and cut.
| Price Tier | Price Range | Typical Ring Features |
|---|---|---|
| Entry-Level | $2,000 – $5,000 | 0.30 to 0.50-carat natural diamond or 1.0 to 1.5-carat lab diamond in 9K or 18K gold |
| Mid-Range | $6,000 – $12,000 | 0.75 to 1.00-carat natural solitaire or 1.5 to 2.5-carat lab diamond with pavé bands |
| Premium & Custom | $12,000 – $25,000+ | 1.25+ carat investment-grade natural diamond, multi-stone settings, platinum bands |
1. JANAI Jewellery
Website: https://janai.com.au/
Address: 259 Collins Street
Contact: 03 9662 1455 | [email protected]
Hours: Monday – Thursday, 10:30 AM – 5:30 PM; Friday, 10:30 AM – 7:30 PM; Saturday, 10:30 AM – 5:00 PM
If you want an artisan process that leaves zero guesswork, JANAI Jewellery sets an exceptional benchmark. Every diamond ring here comes with a custom, hand-drawn scale sketch showing the piece from four angles to match your exact stone.
Their showroom houses an impressive number of over 300 loose certified natural and lab-grown diamonds. Plus, you can choose from a variety of customisable designs and coloured stones, like blue, pink, and yellow.
Sustainability-wise, they source their diamonds from places with ethical mining practices. This ensures your ring is conflict-free, with transparency from origin to final polish.
Just keep in mind that custom production takes about six to eight weeks, so you’ll need to plan ahead if your proposal date is coming up quickly.
The only place we will ever purchase jewellery
…It reaffirmed why this is the only place we recommend to our friends and the only place we will ever purchase jewellery. Their design team, diamond quality, and craftsmanship are simply unmatched. To have a piece of Janai Jewellery is to own something far more than beautiful, it is to carry a legacy of artistry, meaning, and timeless elegance that will be treasured for generations.
- Sally Packeer | Google Review
Far exceeds the competition
My Fiancé and I brought wedding bands and a engagement ring from here. We dealt with Assma. Incredible customer service. The professional and detailed explanation of the diamonds,ring materials & design options all fantastic. We had the diamond serial numbers under microscope displayed in front of us to match certification. These numbers are double checked every time the diamonds are moved. This gave us great confidence.
Cannot recommend highly enough.
The quality you get for your money far exceeds the competition. Try for yourself. ✊
- Caleb Rock | Google Review
2. Australian Diamond Company
Website: https://www.adc.com.au/
Address: 360 Lonsdale Street
Contact: 04 3707 9987 | [email protected]
Hours: Monday – Wednesday, 10:00 AM – 5:30 PM; Thursday – Friday, 10:00 AM – 6:00 PM; Saturday, 10:00 AM – 5:00 PM
Established in 1982, Australian Diamond Company handcrafts bespoke engagement rings in their own Melbourne workshop.
You get a clear 3D rendering during your design session, letting you examine every prong before the jeweller starts crafting. Their signature and exclusive collections include design variations that make customising much easier.
Plus, they back their work with a lifetime warranty for workmanship defects and complimentary cleaning visits every eight months.
But remember that most pieces made to exact custom specifications are final sale, with no refunds or exchanges. You’ll definitely want to double-check your ring size, stone choice, and design details before giving final approval.
Everyone at the store was a massive help to ensure everything was up to his standards
Australian Diamond Company has been amazing through our journey. My fiancée had originally booked an appointment to get my ring custom made and everyone at the store was a massive help to ensure everything was up to his standards. We have come to get our wedding bands from here too and it matches with my engagement ring perfectly. The team ensured it was the same stone colour, cut and suited the ring perfectly. Would highly recommend Australian Diamond Company to anyone.
- Tayla | Google Review
The experience was exceptional from start to finish
Dealt with Tamara and the experience was exceptional from start to finish, I felt comfortable selecting the diamond and ring, and they made my timeframe work on short notice. Could not recommend more highly for anybody in need of an engagement ring.
- Samuel Christensen | Google Review
3. Novita Diamonds
Website: https://novitadiamonds.com/
Address: Level 7, Suite 705/227 Collins Street
Contact: 1800 503 082 | [email protected] | WhatsApp
Hours: Monday – Saturday, 9:45 AM – 5:30 PM
Novita Diamonds ensures every stone meets high standards. Each diamond is personally vetted by three in-house gemmologists as part of the company’s quality-screening process.
As the largest lab-grown diamond specialist in Australia, their showrooms give you access to more than 2,400 stones in stock. They have a ready-to-ship collection within one to 14 days, depending on stock.
If you’re unable to book an appointment at their Collins Street studio, a convenient virtual session is available.
On top of that, your purchase comes with a lifetime warranty for cleaning and inspection.
The main catch is their strictly lab-grown inventory, so anyone set on a mined diamond will need to look elsewhere.
Presented in a box with a light in it to highlight its brilliance
My partner proposed to me with a novita diamond engagement ring. It was shiny and beautiful and presented in a box with a light in it to highlight its brilliance 🙂 I needed it resized. Lucky they thought of everything and included an attachment to the ring incase so I could wear it before taking it in for resizing. Once I booked for it to be resized I was able to get an appointment the same week 🙂
- Christine Wallace | Google Review
Helped me find my ring, explaining each diamond quality along the way
I got my engagement ring from Novita and it was a fantastic experience. Novy was very friendly and engaging and helped me find my ring, explaining each diamond quality along the way, showing me examples of what each one looked like. Highly recommend.
- Ben Brough | Google Review
4. Diamond Story
Website: https://www.diamondstory.com.au/
Address: Suite 3, Level 6/365 Little Collins Street
Contact: 03 9642 3649 | [email protected]
Hours: Monday – Friday, 8:30 AM – 6:00 PM; Saturday, 8:30 AM – 2:00 PM
Diamond Story gives you access to more than 2 million naturally sourced and lab-grown diamonds. This collection includes coloured stones, like blue and black.
They have an on-site Melbourne workshop where jewellers build custom settings from scratch. This studio doesn’t require a minimum spend on bespoke designs.
Every diamond purchase includes a grading certificate from the GIA or IGI, ensuring your investment is fully authenticated and accurate to its specs.
You also receive free lifetime cleaning and one complimentary resize per year.
Just note that their Little Collins Street studio requires an advance appointment, so you can’t simply drop in.
Paul was professional and very helpful
Got the engagement ring and the two wedding bands from Diamond story. From the beginning of the process to the end, Paul was professional and very helpful. So glad to have found Diamond story and highly recommend it!!
- Connor Wilson | Google Review
This is the place to go
This is the place to go if you’re looking to sort out a ring for that special occasion. I contacted Diamond Story and made an appointment with Paul to organise my engagement ring. Paul is knowledgeable, friendly, and straight to the point. The entire experience was positive with no bs and I am pleased with the final product. Thanks Paul!
- Vert | Google Review
5. Diamonds Factory
Website: https://www.diamondsfactory.com.au/
Address: 326 Little Collins Street
Contact: 0401 191 364 | 02 9037 3839
Hours: Monday – Friday, 10:00 AM – 6:00 PM; Saturday, 10:00 AM – 5:00 PM
Diamonds Factory offers a bespoke service featuring 3D computer-aided design (CAD) previews, allowing you to fine-tune your ring model until it matches your vision.
Once you give the green light, their team handcrafts the piece with a target delivery turnaround of three weeks, which is an impressive timeline for a custom diamond ring.
Their showroom specialists can guide you through natural diamonds, lab-created gems, and various band metals.
Plus, eligible rings can receive complimentary resizing by up to two sizes within the first 30 days, depending on design feasibility. To boot, they provide a lifetime guarantee for manufacturing defects.
However, bespoke quotes aren’t available right off the bat, so you won’t know the exact price until your custom design details are fully mapped out.
A memory I will always cherish
At Diamond Factory, the brilliance of every diamond is beautifully complemented by the quality of service. During my visit, Marria stood out with her warm professionalism, deep knowledge, and genuine care. She patiently guided me through each step of selecting the perfect engagement ring for my wife, explaining the details with clarity and helping me feel confident in my choice. Thanks to her support, what could have been a daunting decision became an enjoyable and meaningful experience. Marria transformed the process of buying a ring into a memory I will always cherish…
- Truong Duong Minh | Google Review
Brought my dream engagement ring to life
The diamond factory brought my dream engagement ring to life. Shadan made the experience super simple and smooth. She was very helpful and friendly, and I can’t wait to go back for my wedding band. Prices were very good, I got great value and an amazing ring for way less than my budget. Super happy with the whole experience. Thank you Shadan and DF team xx
- Rayanne Alameddine | Google Review