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- How do I buy the perfect diamond ring?
- Choosing the perfect wedding ring
- Buying an engagement ring: expert tips & tricks
- Which earrings are the right ones for you?
- How to choose the perfect diamond bracelet?
- How to choose a necklace for ladies?
- Take your time in choosing your watch
- What's the right jewellery for each occasion?
- Why buy diamond jewellery online?
- A guide to building up your jewellery collection
- What types of precious metals are there?
- What types of precious metals are there?
- Jewellery trends and innovations in 2020
- What sorts of diamond setting are there?
- How Much Do People Spend On Engagement Rings?
- How Much Should I Spend On An Engagement Ring?
- What Can I Wear Instead Of An Engagement Ring?
Get more information with BAUNAT’s FAQs
If you are getting ready to pop the big question, you have probably started thinking about the engagement ring and how much you can afford to spend. But what does the average diamond engagement ring cost in the UK? BAUNAT lists everything you need to know.
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What does the average engagement ring cost in the UK?
The price of a diamond engagement ring is measured by the classic 4 Cs: Cut, Colour, Clarity, and Carat weight. Because the average engagement ring contains only three or four grams of precious metal, the cost is linked to the main diamond.
In the UK, engaged couples spend roughly 19% less on an engagement ring than they did ten years ago. Today, the average engagement ring costs £1,471, which is less than the average month’s salary, £1,800.
The age of the couple
At the same time, 23% of young adults expect their partner to spend more than £5,000 on their engagement ring, but only 5% of 45-year-olds would say the same. So apparently, the younger you are, the more money you expect your partner to spend on a ring.
Where the groom lives
In Yorkshire, people only spend around £1,261, and in Scotland, they spend less than £1,000 for a diamond ring.
How much should I spend on an engagement ring?
So, consider your budget and lifestyle (if your beloved plays a lot of contact sports, they may not want to wear an expensive diamond engagement ring) and pick the right ring for both of you. Don’t worry too much about the average cost of an engagement ring where you live.
If you want something more specific, BAUNAT’s tailor-made service can help you design a piece of jewellery that perfectly matches your ideas.
Fabienne Rauw
- BAUNAT Antwerp
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