To dream of an engagement ring represents a commitment or promise that hasn’t been finalized. Choosing a situation or relationship without having “sealed the deal” completely. Knowing what you want while you wait to make it permanent.
To dream of a damaged or flawed engagement ring represents feelings about your future plans not being as perfect or with as much integrity as you’d like. It may also reflect embarrassments, doubts, or negative memories that you feel will always prevent you from feeling a situation is as perfect as you want it to be.