The short answer
Most bespoke engagement rings in Melbourne fall somewhere between $5,000 and $25,000, with the final number driven by metal choice, stone size and quality, and design complexity. Simpler solitaire designs sit toward the lower end; intricate halo settings, larger centre stones, or fully bespoke bands with detailed engraving push toward the top.
What actually moves the price
• Centre stone type and size - natural diamonds carry a premium over lab-grown
• Metal choice - platinum costs more than 18ct or 9ct gold
• Setting complexity - pavé detailing and halo settings add labour time
• Custom band work - hand engraving, milgrain detailing, or mixed metals
Why bespoke pricing looks different from retail
Off-the-shelf rings are priced against mass production costs. A bespoke piece reflects design time, one-off manufacturing, and a stone chosen specifically for that setting — which is part of why the range sits higher than a chain jeweller's entry-level catalogue, but often comparable once you account for the level of craftsmanship and the fact that nothing is templated.
Getting a real number
Because so much depends on individual choices, the most reliable way to get an accurate figure is a consultation rather than a generic quote. Micheli's design team will work within a stated budget from the first conversation and show real design options at different price points, rather than starting from a fixed catalogue price and working backward.
