With Valentine’s Day just around the corner, many shoppers are no doubt already purchasing an array of extravagant gifts for that special person in their lives.
With Gift Guides galore online and Valentine’s section’s in every supermarket, the volume of gifts to choose from expands every year.
Naturally, 14th February is one of the most popular times of the year to propose and we can guarantee that a wealth of people will be receiving a sparkling jewel from their other half.
Though one gift that we don’t think people are expecting is plastic jewellery, yet that’s exactly what Asda are selling – and they’re flying off the shelves.
Taking a close look at the £1 plastic engagement ring from the supermarket giant, fine jewellery and engagement ring specialists at Steven Stone have revealed everything you need to know – including how much it’d be worth if it were a real ring.
What do we know about the engagement ring?
On the Asda website, the product description reads: “Have some fun with this engagement ring in a velvet box this Valentine’s Day.”
Though it’s unclear whether the ring consists of plastic or plastic-like materials such as resin, we can assume that it’s purely plastic due to resin being much costlier.
The fake centre diamond is a round brilliant cut, secured by four claws and in a solitaire setting.
Four is perhaps the most traditional number of claws used to set a round brilliant cut diamond. The claws can either be arranged at each corner of the round shape – creating the look of a square shape or the can go around the stone in north, east, south, west positions.
47% of celebrities received rings on a solitaire setting in 2022 – including Maya Jama, who stunned us early last year with her 10 carat emerald cut diamond ring that’s worth a staggering £500,000.
How much would the engagement ring cost, if it were real?
It’s fair to say that if the ring featured a real round brilliant cut diamond, set in white gold or platinum, it would cost a fair bit more than £1!
Round cut diamonds are the most expensive diamond shape – the popular cut is priced higher not only because it’s in demand, but also because it sparkles the most out of all other diamond cuts.
Approximately 60% of all engagement rings are made with a round cut diamond, with 20% of celebrities opting for round cut engagement rings in 2022 – including Brenda Song, who received a showstopping ring worth £500,000 from ‘Home Alone’ actor Macaulay Culkin when he popped the question last January.
Steven Stone’s closest match to Asda’s ring retails at just under £600.
“It’s safe to say that Asda have stunned shoppers by selling engagement rings ahead of Valentine’s Day. When we heard that they were flying off the shelves, we had to take a look for ourselves.
Taking an initial look at the jewel, it doesn’t scream out that it’s a bargain piece as much as you’d imagine – though priced at just £1, it’s likely to consist of entirely plastic. The fake diamond is a round brilliant cut, secured by four claws and in a solitaire setting. The supermarket obviously did their research as approximately 60% of all engagement rings are made with a round cut diamond.
It’s safe to say that if the ring featured a real round brilliant cut diamond, set in white gold or platinum, it would be worth a fair bit more than £1! The closest match to the bargain ring that we sell retails at just under £600, which gives you an inkling as to how much Asda’s ring would be worth if it were real.”
maxwell stone, creative director, steven stone
If you’re looking for some jewellery inspiration, why not take a look at our full collection? Whether you’re after a necklace or some diamond earrings, we’ve got you covered. We also have a vast range of engagement and wedding rings.
If you don’t see anything that takes your fancy, we also offer a bespoke service, where our designers will create a unique piece of jewellery that ticks all the boxes.
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