The average price of a 8 carat diamond is currently $312,278 (see price chart below). 8 carat diamonds can cost anywhere from $54,178 - $828,479 depending on the diamond's shape, color, clarity, and other factors.

Hailey's ring features a 10-carat oval cut diamond set on a thin gold band.

If you're looking for an engagement ring under $10,000 then I would recommend that you go with something around 0.90-1-carat and 1.5-carat stones depending on your budget and what quality of diamond suits it best! A 2-carat diamond or slightly bigger diamond may be possible if the grade isn't too high.

Approximately 20% of individuals opt for a 0.8-carat engagement ring. This size is popular due to its affordability and appealing appearance, offering a slightly larger alternative to the more traditional 0.5 or 0.75-carat sizes, while still maintaining a delicate and elegant look.