Do you know how much to spend on the cost of your future partner’s engagement ring?
That is a very difficult question for many getting ready to propose to someone. An engagement ring should be a once-in-a-lifetime purchase, but what is the average price for an engagement ring? Is there a ‘good price’ for every engagement ring? After all, rings are very personal, especially engagement rings.
The experts at BAUNAT will answer some frequently asked questions to help you on your way:
BAUNAT’s average engagement ring cost:
Average price categories for modern engagement rings | An overview
It is often not easy to picture exactly what type of engagement ring you can get at each price level. This short overview below will summarise which amount corresponds with the specifications best.
Amount Specifications <€2500
Like the engagement ring itself, the price of an engagement ring is also associated with certain traditions and etiquette. In the 1930s, an advertising campaign by the diamond giant De Beers declared that an engagement ring should cost a month’s wages. Based on the success of this campaign, the slogan ten years later dictated that the average price of an engagement ring should be two months’ wages.
Traditional recommended retail prices are still maintained by the average American today. A British person spends around €2,000, but the average European spends around €2,500. Australians easily spend €4,000.
The minimum average price for an engagement ring is around €900, excluding VAT. Even at this starting price, you can get a lovely yellow, white, or red gold engagement ring like this halo ring with a centre princess diamond.
The average carat weight for an engagement ring is between 0.50 and 1.00 carats. The average cost of a 1.00-carat engagement ring is between €3000 and €5000. Here you can see a halo ring with a round centre sapphire for just over €2000.
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The closer an engagement ring price gets to €2500, the more luxurious the materials. To make the comparison clearer, let’s take a look at the same halo ring with a centre princess diamond, this time in platinum rather than white gold.
Do you have a special design in mind? The ‘Toi et Moi’ engagement ring is a nice example where the two equally sized diamonds symbolise the bond between the two partners.
Or what do you think about a trilogy ring with three equally sized diamonds to symbolise the past, present, and future? Rings with other precious stones like ruby, sapphire, and emerald are also within budget. Each precious stone also has its own symbolic story. Perfect for romantic souls!
The average price for an engagement ring in Belgium is between €2500 and €5000; for that, you can buy a ring with a carat weight between 0.70 and 1.00, and you can go for premium quality.
With many of the rings on our website, you can choose between ‘high quality’ and ‘premium quality’, as you can see with this solitaire ring. The difference in colour and clarity (remember the 4Cs) is apparent in the details. The premium quality ring with a quality combination of G for colour and VS2 for clarity will sparkle even more thanks to the slight difference in colour and clarity.
At this price, you have a wide choice of engagement rings with or without side diamonds and can choose from several unique cuts like a pear cut or a princess cut.
Since platinum is a little more expensive than gold, it is better to limit yourself to white, yellow, or red gold with a budget below €2500. Platinum is definitely possible with a higher budget.
With a budget of €4000 excl. VAT and over, a made-to-measure engagement ring is possible.
Engagement rings with an average price between €5000 and €10,000 are just above the usual budget for most buyers. Given the large margin between these two amounts, we will illustrate the price difference with several concrete examples. Do you plan to pay more than €5000 for your intended’s engagement ring? Then you may want to consider several larger diamonds.
Engagement rings with the Toi & Moi design or a trilogy ring are definitely possible. With a larger budget, of course, you can go for bigger stones. Consider this Toi & Moi ring with a total carat weight of 1.50 and this trilogy ring with a total 2-carat diamond weight.
Engagement rings with an average price of €10,000 to €25,000
As we previously stated, the average price of an engagement ring is largely determined by the total carat weight of the diamonds. With a budget between €10,000 and €25,000, you can slide a ring of at least 1.50 to 3.00 carats onto your loved one’s finger. We will also advise you on how to spend your budget wisely by choosing several premium quality diamonds.
Diamonds from this price class are also considered to be investment diamonds. An engagement ring with an average cost between €10,000 and €25,000 is not just an investment in your romantic relationship but also your financial future.
You can be sure to have all the hallmarks discussed in the previous examples when you choose an engagement ring from BAUNAT with a price between €25,000 and €50,000. Moreover, you have a wide choice of rings with intensely coloured diamonds within this budget. Elegant, timeless, and extra eye-catching! After all, a coloured diamond will guarantee extra sparkle! Within this budget, you will definitely find the perfect ring for you in our collection of exclusive jewellery.
A budget of up to €50,000 will also allow you to create an even more unique ring by choosing a made-to-measure option. Think small coloured diamonds or unique cuts that are not standard, such as a heart, emerald, marquise, radiant or cushion cut.
An engagement ring with an average cost of over €50,000 should not just be considered an exceptionally high diamond but also an investment. The quality requirements for a white investment diamond are: 1.00 to 6.00 carats, D, E or F colour and a clarity higher than the VS2 level mentioned previously. This solitaire ring from our range of exclusive jewellery fulfils the quality requirements, and you will both be blown away by it. You do not have to spend more than €50,000 for a ring with these qualities per se. This exceptionally high-quality ring can be bought for just €15,000.
With this budget, you could go for an exclusive coloured diamond like the yellow cushion cut diamond in this unique entourage ring. But this white gold ring with a pear-shaped pink diamond that you can see here is truly elegant without a doubt.
Before discussing the types of engagement ring that you can buy for each price, you need to know which factors determine the price tag. So first, we will consider the 4Cs of diamonds: carat, colour, clarity and cut. The four quality categories for diamonds are shown on a diamond certificate and prove the identity and value of the stone.
When an engagement ring has more than one diamond, the price of each stone is calculated and added separately.
The price of the other raw materials, such as gold or platinum, also influences the total average price of the engagement ring. To be sure of the quality and value of the gold used, it is best to look at the hallmark.
A ring of 18-carat gold with a composition of 75% gold is the highest standard. A higher gold content in your yellow, white, or red gold ring will make the jewellery too soft.
The best standard for a platinum engagement ring is 95% silver platinum. Keep in mind that platinum is much rarer than other precious metals. This means that the average price of a platinum engagement ring will be higher.
View our valuable collection of brilliant cut engagement rings here
The craftsmanship involved and the design of the engagement ring also influence the total average price. And you if you want to design your beloved’s engagement ring yourself? People are increasingly choosing a completely made-to-measure engagement ring. Do you want to both personalise the ring and keep the price down? Then go for an engraved engagement ring!
Men are not the only ones who do ring research. 70% of women also search for their dream engagement ring. It is therefore likely that she will have certain expectations about the style, look, and price of her engagement ring.
Are you looking for an engagement ring? Then do not hesitate to book an appointment at our showroom for personalised advice.