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Most alexandrite gemstones used for engagementr rings are under one carat, and it is safe to budget 1.500 to 6000 for an 18K gold engagement ring, with 0.3-0.6cts alexandrite in the center and some diamonds around it.

from Etsy

Modern Vintage 14K White Gold 3.0 Carat Russian Alexandrite Diamond Wedding, Engagement Ring R167-14KWGDAL

Modern Vintage 14K White Gold 3.0 Carat Russian Alexandrite Diamond Wedding, Engagement Ring R167-14KWGDAL. $1,649.00, via Etsy.

from Etsy

Nature Classic 950 Platinum 1.0 CT Alexandrite Diamond Leaf and Vine Engagement Ring R180-PLATDAL

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from Etsy

Aztec-Edwardian 10K White Gold 1.0 CT Round and Baguette Alexandrite Diamond Engagement Ring MR001-10WGDAL

from jewelsforme.com

Lab Alexandrite and Diamond Infinity Engagement Ring

from Etsy

Classic 950 Platinum 3.5 Carat Alexandrite Pave Diamond Solitaire Wedding Ring R301-PLATDAL

Alexandrite! (Beware lab stones, are dull. The genuine stones are the ones with all the beautiful color facets.) This would be the perfect engagement ring. Are those channel set diamonds? Not if so, add a custom wedding band with channel set diamonds to

from Etsy

Nature Classic 14K White Gold 2.0 Ct Alexandrite Diamond Leaf and Vine Engagement Ring R340S-14KWGD2AL