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If you are planning to get engaged you have probably started adding up the costs of how much the wedding will cost – and the engagement ring. So, what is the average cost of an engagement ring in South Africa? Continue reading as we tell you how much you should spend on the symbol of your love. We will also give you some alternatives if a diamond ring is not for you.

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Diamond ring with princess cut diamond

What Is the Average Price of a 1-Carat Engagement Ring?

According to a survey of some South African jewellers methodically found that the average price of a 1,00ct H-I colour, Vs-Clarity diamond engagement ring in South Africa is R115 000. 

While the average price of an engagement ring varies across the world, it also depends on which jeweller you go to. Some jewellers may charge you more for the same quality ring, to make money.

View this diamond ring

Diamond ring with round diamond

What Is the Average Price of a 1-Carat Engagement Ring?

According to a survey of some South African jewellers methodically found that the average price of a 1,00ct H-I colour, Vs-Clarity diamond engagement ring in South Africa is R115 000. 

While the average price of an engagement ring varies across the world, it also depends on which jeweller you go to. Some jewellers may charge you more for the same quality ring, to make money.

Have a look at this diamond ring

How Much Do South Africans Spend on an Engagement Ring?

On average, South Africans tend to spend between R30,000 and R40,000 on their engagement rings. At the same time, almost 60% of South Africans will not pay more than R10,000 for an engagement ring, with the number of people willing to spend big money diminishing after R35,000. Very few would pay more than R60,000.

Consumers are more price-sensitive and aware of the controversy surrounding the diamond trade, so couples find new ways to symbolise their unity. Many choose to spend money on practical purposes rather than an expensive engagement ring.

Options Instead of an Engagement Ring

If a diamond engagement ring is not for you, why not get your beloved an engagement bracelet, a nice watch, or even a pair of earrings to symbolise your unity?

If you cannot find “your” piece of jewellery, our experts are happy to help you design your own with our tailor-made service.

Contact our experts

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