2023 Diamond Promotions, Sales, Discounts and Promo Codes

High-quality diamonds rarely go on sale. The diamond market is so tightly controlled that you’ll almost never see discounts or score promo codes on the gems themselves. But you can score hefty discounts on ready-to-shop diamond jewelry as well as engagement ring settings.

A word of caution: If you do see a jeweler advertising huge discounts on diamonds, your guard should be up. When something seems too good to be true, it usually is.

2023 diamond sales & promo codes

Here are current online discounts and promotions on diamonds and engagement rings as of April 2023:

James Allen promotions

• Free diamond earrings with qualifying purchase of $1,000 or more!*
• Learn more about James Allen in our review.

Blue Nile promotions

• $50 off purchase of $1,000 or more with email sign up.
• Learn more about Blue Nile in our review.

Brilliant Earth promotions

• Free pearl earrings with purchase of $1,000 or more; free pearl earrings and necklace with purchase of $3,000 or more.
• Learn more in our Brilliant Earth review.

How often do diamonds go on sale?

Diamonds rarely go “on sale” in the traditional sense. But you can sales on engagement ring settings and promotions that can lower your cost of buying diamond jewelry.

Diamond promotions are so rare because diamond pricing is tightly controlled around the world. Every night, a diamond pricing guide is released called the Rapaport Price List that diamond dealers use to set prices.

Diamond retailers can only reasonably charge so much “over Rap” before their price will be so much more than competitors. Therefore, with their margins limited, there’s not much room to cut prices.

That said, the diamond business is competitive like any other. So diamond jewelers will occasionally run promotions and sales.

Any significant discounts (think 15% or more) are more likely to be applied to jewelry containing many smaller diamonds or to the setting of a diamond engagement ring rather than to the rock itself. But with settings costing between several hundred and several thousand dollars, such discounts can certainly help stretch your budget.

On this page we’ll keep track of current promotions and sales on diamonds and diamond jewelry at the largest online jewelers. If there’s a discount or coupon code available, we’ll help you find it.

How often does Blue Nile have sales?

Blue Nile typically holds sales at peak jewelry seasons: After thanksgiving (Black Friday and Cyber Monday), through-ought the Christmas Season, and in January/February before Valentine’s Day.

Not all of Blue Nile’s sales are listed publicly. They offer email subscribers sales up to 50% off that are never advertised elsewhere. Visit Blue Nile and sign up for their email promotions list to unlock their best sales.

How often does James Allen have sales?

Like other jewelers, James Allen holds sales during the holiday shopping season (between Black Friday and Cyber Monday up until a few days before Christmas). You can also expect sales around Valentine’s Day and some other promotions throughout the year.

James Allen rarely discounts the price of their loose diamonds, as their prices are already the lowest in the industry. (But there are a few exceptions, like the current 10% off promotion on True Hearts lab-created diamonds!) That said, you can often find sales on ready-to-ship diamond jewelry and engagement ring settings.

* JamesAllen Promotion Terms: Offer is valid for purchases of fine jewelry and wedding ring items only with a total of $1,000 USD or more, excluding design your own engagement rings, design your own jewelry, loose diamonds, and loose gemstones. Valid purchase orders will receive Silver Rhodium Plated Lab Created Diamond Cluster Earrings (0.30 ctw G-H/SI1-SI2). Eligible customers will receive only one pair of earrings, regardless of the number of qualifying purchases during the offer period. Eligible customers are solely responsible for reporting and paying any applicable taxes related to the receipt of the free earrings. Offer is valid while supplies last. James Allen: (1) does not cover a warranty for the free earrings; (2) will not exchange them or allow to return them for refund; (3) will not replace them if misplaced, lost or stolen; (4) will not provide new free earrings in the event of fraud or deception; (5) will not substitute the diamond or the backs for any reason. Free earrings are subject to be replaced by another product at any time and without prior notice. In the event that the item of a qualifying order is returned, the customer is obliged to return the free earrings as well. In the event that an item of a qualifying order is exchanged, making the total value of order lower than $1,000 USD, the customer is obliged to return the free earrings. The terms of this offer are subject to changes without prior notice and at any time. Other restrictions may apply.