{"id":330253,"date":"2022-11-24T07:00:26","date_gmt":"2022-11-24T07:00:26","guid":{"rendered":"https:\/\/whimsicalwonderlandweddings.com\/?p=330253"},"modified":"2024-11-08T14:13:43","modified_gmt":"2024-11-08T14:13:43","slug":"engagement-ring-average-cost-uk","status":"publish","type":"post","link":"https:\/\/wedissimo.com\/blog\/engagement-ring-average-cost-uk\/","title":{"rendered":"What Is The Average UK Engagement Ring Cost In 2023?"},"content":{"rendered":"

I see you, looking at how much an engagement ring costs in the UK<\/strong>. Are you getting engaged, or planning to? Then a big fat congratulations are in order for you!<\/p>\n

But, I know what you are thinking. An engagement ring can equal lots of money and can I actually afford to propose? You want to marry your soul mate but how can you achieve your dream engagement, within your budget?<\/p>\n

No need to fret, I am here to help. Let me share with you not only the average engagement ring cost<\/strong> in the UK but also some words of wisdom and advice on where to start with that all-important ring budget.<\/p>\n

\"Engagement Photo: Jean Smith Photography<\/a> via Greenhouse Michigan Wedding<\/a><\/p>\n

Please note these figures may change and may vary depending on many external factors. The rings featured in the images are for illustrative purposes and are not related to the ring costs mentioned.<\/em><\/p>\n

How Much<\/em> Does An Engagement Ring Cost?<\/h2>\n

Let\u2019s keep things super simple. An engagement ring can be FREE<\/strong>. Yes, that\u2019s right, when you strip everything back, an engagement ring doesn’t have to cost you a single penny. You could find a ring you already own or inherit a ring.<\/p>\n

Alternatively buying a second-hand or non-precious<\/strong> metal or gem engagement ring can set you back from \u00a320<\/strong>.<\/p>\n

But, not many of us want to go down the route of using a ring we already own, or buying a really inexpensive piece. We want to have a ring that’s going to last the test of time<\/strong> in quality materials that is super special.<\/p>\n

A UK engagement ring can cost from \u00a30 all the way up to thousands<\/strong> (if not millions) of pounds depending on what a couple wants and their ring budget.<\/p>\n

\"Engagement Photo: Andy Withey Photography<\/a> via Middlethorpe Hall Wedding<\/a><\/p>\n

 <\/p>\n

What Is The Average<\/em> Cost Of An Engagement Ring In The UK In 2023?<\/h2>\n

There is no definitive answer to what is the average cost of an engagement ring in the UK in 2023. But there have been several surveys conducted. It\u2019s worth considering that the answers are from a select number of couples so do take them with a pinch of salt.<\/p>\n

Bridebook’s January 2023 survey<\/a> of nearly 4000 UK couples found the average engagement cost in 2022 was \u00a31929<\/strong>.<\/p>\n

DiamondsByMe<\/a> polled 1,500 UK couples through the survey provider TLF in October 2022. They found that the average engagement ring spend in 2022 was \u00a31,630<\/strong>. Significantly less than Bridebook’s survey which is really interesting. It just goes to show that finding the true average engagement ring cost in the UK isn\u2019t an easy feat.<\/p>\n

What we do know is that it\u2019s common for couples to spend hundreds if not thousands of pounds on their engagement ring(s). But that\u2019s an average and there will be couples spending much less than these figures and wildly over this figure too. You know what? That\u2019s totally OK.<\/p>\n

If your ring budget is a little different from the average, don’t sweat it. You can have your engagement ring of dreams.<\/p>\n

\"Engagement Photo: Anna Gomes Photo<\/a> via Los Cabos Wedding<\/a><\/p>\n

How Much Should<\/em> We Spend On An Engagement Ring?<\/h2>\n

First and foremost, there should not be a dedicated amount or rule<\/strong> on what you spend on an engagement ring. Never ever feel pressured to spend beyond your means for an engagement ring, or any part of your wedding.<\/p>\n

There was a traditional saying that stated three months’ salary<\/strong> should be spent on an engagement ring. No matter your salary, that’s an extortionate amount to spend on a ring and it’s just not necessary.<\/p>\n

To decide on how much to spend on an engagement ring<\/strong>, do a little research. Go ring (window) shopping! Check out online retailers, wedding ring jewellers or jewellery shop windows and look at their prices. Shop around and see which kind of ring you’d like. When you think you know the type or style of ring you’d love, you can then see the kind of price you’ll be looking at spending.<\/p>\n

From there, you can decide if you are able or want to spend that kind of money on an engagement ring.<\/p>\n

\"Engagement Photo: October James Photography<\/a> via Eggington House Wedding Bedfordshire<\/a><\/p>\n

How To Save<\/em> Money On An Engagement Ring?<\/h2>\n

Ring Materials<\/h3>\n

If the cost of the dream engagement ring is too high, consider finding a ring with smaller gems or different precious metals<\/a> or gems. Sapphires for example can work out cheaper than diamonds, as can lab-grown diamonds.<\/p>\n

Second-Hand & Antique<\/h3>\n

Alternatively, look at vintage or second-hand rings. Online marketplaces, antique fairs and pawn shops are places to search. Be careful to ensure the ring is genuine and if it doesn’t feel right, walk away. Another one will pop up. Don’t forget to take into account the cost of ring resizing and cleaning an old ring into your budget.<\/p>\n

You could also be gifted a ring to propose with by a family member. How about refashioning a ring or other piece of jewellery you already own? This could save money on the cost of the metal and gems.<\/p>\n

Bespoke & Online<\/h3>\n

Bespoke engagement rings are an option too as jewellery designers will work to your budget.<\/p>\n

If buying a ring online, do research independent review sites to see if they are legit. If something is too good to be true, it usually is! Of course, there are sales and offers around. Keep your eyes peeled and prepare to be flexible to save money.<\/p>\n

Look out for deals on Black Friday, Boxing Day or in the Summer. And, have a search online for discount codes or cashback retailers.<\/p>\n

Placeholder Ring<\/h3>\n

You could even use a placeholder engagement ring<\/a> to save money or a sweetie ring! Then when the time is right and you save some spare money, invest in the final engagement ring.<\/p>\n

All in all, there is a way to get the ring you dream of. It just takes a little extra thought, research and perhaps, patience.<\/p>\n

\"Engagement Photo: Luke Doyle<\/a> via Manor Farm Wedding Hampshire<\/a><\/p>\n

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What A<\/em>ffects<\/em> The Cost Of An Engagement Ring?<\/h2>\n

So I’ve touched on how choosing different stones and metals<\/strong> may save you money. And that’s absolutely right! Let’s take a look at what affects the cost of an engagement ring<\/strong>.<\/p>\n

The Gem Stone(s)<\/h3>\n

The gem or stone (if you so choose to have one) in your ring will be a big factor in the cost of it. One option to save money on your ring is to choose lesser quality ratings on the 4Cs; clarity, cut, carat and colour. If you choose a stone or diamond with less clarity and colour, as well as a smaller stone in a simple cut, these will all save you money.<\/p>\n

You could ditch the stone altogether or choose a diamond alternative<\/strong>. Think about these mined-diamond stone alternatives:<\/p>\n