How much should you spend on an engagement ring?

Proposing to your other half is a remarkably thrilling and delightful occasion. One of the most important factors to consider if you’re planning a proposal, is finding the perfect engagement ring for your partner, and equally for the best price. From a traditional perspective, the expectation is that the budget for an engagement ring should be equivalent to your salary of three months, however this rule has diminished overtime, and the spend has shifted closer to the one month’s salary mark. The average spend on an engagement ring in the UK is £2000, although this figure is reasonably high, it is significantly less than the UK average three month’s salary. Regardless of your individual desire to obtain tradition, the spend on an engagement ring will typically depend on your individual expenditure.



Diamond Engagement Rings

Essentially, there are numerous factors that contribute to the price of an engagement ring, usually reliant on the metal and the gemstones comprised within the ring. Traditionally, an engagement ring encompasses a diamond stone to symbolise everlasting love, derived from the timeless 20th century slogan ‘diamonds are forever’. In the instance of a diamond ring, the price would fluctuate depending on the cut, clarity, colour and carat of the diamond, and whether it is a natural or a laboratory grown stone. Additionally, when shopping for an engagement ring you may want to consider external factors such as sustainability and ethicality. Many individuals purchase laboratory grown diamonds due to their minimised environmental impact, and others choose natural diamonds because of their authenticity. Although both stones obtain equivalent qualities and materials, the price differs between the two varieties. 

Gemstones Engagement Rings

Alternatively, if you aspire to divert from the traditional methodology of engagement rings, and perhaps pursue something elegant and sophisticated, you may want to consider a ring embodied with gemstones. Gemstones exist in immeasurable vibrant colours and can be incorporated to create an equally stunning and unique engagement ring. Moreover, a gemstone engagement ring can be beautifully embellished with diamonds to create something exquisite and unique.  Princess Eugenie’s engagement ring is a mesmerising salmon-pink padparadscha sapphire, surrounded by diamonds with an elegant floral-like presence. This showcases how engagement rings featuring gemstones can convey an appearance that is both striking and elegant.