The answer to this question is yes! Engagement rings are generally considered to be more expensive than wedding rings. However, if you are looking at buying a diamond engagement ring, then you should know that the price difference between the two types of rings is not that big. In fact, some people prefer getting engaged without wearing any kind of jewelry. If you want to get engaged without spending much money, then you can go for a simple promise ring. You can even ask your partner to write down his/her promise on a piece of paper and give it to you.