6 Cheap Alternatives to Diamonds For Engagement Rings

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1 – Iolite 

Average Price Per Carat: $150

Iolite ranks at number one on our list of the 10 cheap alternatives to diamonds for engagement rings. It is also known as cordierite and typically appears in purplish-blue hues with an intense violet-blue color considered most desirable and rare. Historically, it has been used as a substitute for more expensive sapphires. The gemstone is known to display different colors when viewed from different angles. 

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