How Much Should I Spend on an Engagement Ring?
One of the most common questions we hear from our clients is: “How much should I spend on an engagement ring?”
The truth is, there is no fixed rule. The old “three months’ salary” guideline is outdated, and today couples are choosing engagement rings based on personal style, priorities, and what feels comfortable financially.
An engagement ring should feel meaningful, timeless, and personal — not stressful.
The Average Cost of an Engagement Ring
In the UK, the average engagement ring typically ranges between £2,500 and £10,000, although this can vary greatly depending on the choice of diamond or gemstone, metal, and whether the ring is bespoke.
Some clients invest under £2,000, while others choose handcrafted bespoke designs featuring larger diamonds or exceptional sapphires at significantly higher values.
Ultimately, the right budget is the one that feels comfortable for you.
What Affects the Price of an Engagement Ring?
Several factors influence the cost of an engagement ring:
The Centre Stone
The centre stone is usually the biggest factor in price. Diamonds are traditionally chosen, but sapphires have become increasingly popular for those wanting something unique and timeless.
As stones increase in size, so does the price. The quality, colour, and rarity of the stone also contribute to the final price.
Handmade vs Mass Produced
A handcrafted bespoke ring will naturally cost more than a mass-produced design, but it also offers significantly greater quality, individuality, and craftsmanship.
A bespoke ring is created specifically for your chosen stone and tailored to your exact requirements.
Metal Choice
With the recent surge in gold prices globally, the price for 18ct gold has matched the price of platinum, when considering platinum is a denser material and will weigh more. However, many clients choose platinum for its longevity and luxurious finish.
18ct yellow gold remains a classic choice, particularly for sapphire engagement rings.
Design Details
Halo settings, cluster designs, hidden diamonds, and intricate detailing can all increase the amount of craftsmanship involved in creating the ring.
Should You Finance an Engagement Ring?
This comes down to personal circumstances. While some clients prefer to spread the cost, others choose a budget they can comfortably pay outright. We accept all methods of payment including Credit Cards and Amex to help you finance your purchase.
The most important thing is choosing a ring that represents your relationship without placing unnecessary financial pressure on yourself.
It’s About Meaning, Not Rules
Some of the most beautiful engagement rings are not necessarily the most expensive. A thoughtfully chosen design that reflects your partner’s personality will always feel more meaningful than simply following a spending formula.
Our Advice
When choosing an engagement ring, focus on:
* Your partner’s style
* The quality of craftsmanship
* Choosing a design that will last a lifetime
* Setting a realistic and comfortable budget
Book an Appointment
If you are beginning your engagement ring journey, we invite you to book an in-store consultation to explore our handcrafted collections and view exceptional diamonds, both natural and lab-grown and sapphires in person.
Our team will walk you through every step, helping you create a ring that perfectly suits your style and budget.
FAQ on Engagement Rings
