How Much Should You Spend on an Engagement Ring?

Whether planning to propose or simply curious, here’s the ultimate guide to how much you should spend on an engagement ring.

Debunking Common Myths About Engagement Ring Prices

It’s time to debunk some common myths surrounding the pricing of engagement rings. First, the belief that you should spend 2-3 months’ salary on an engagement ring. Though it’s a good starting point, this figure isn’t set in stone, and budget should ultimately be based on personal preference. Remember, the value of an engagement ring lies in the commitment it symbolises, not the price tag attached to it.

Another myth is that a higher price equates to a better ring. While it’s true that higher-quality diamonds and materials may come with a higher price, it doesn’t mean that a more expensive ring is automatically the best choice.

Decoding the Price Tag of an Engagement Ring

When it comes to engagement rings, price can be intimidating. However, understanding the features that influence how much you spend on an engagement ring can demystify the process. These features are the centre stone, the setting, the craftsmanship, and in antiquing the age.

Choosing Your Centre Stone: centre of place and central to price

The centre stone plays a large role in determining the price. If you’ve set your heart on a diamond engagement ring, understanding the 4Cs — carat weight, cut, colour, and clarity — can help you maximise value.

The 4 Cs are as follows:

• Carat refers to the weight of the diamond with larger diamonds generally being more expensive.
• Cut affects the brilliance and sparkle of the diamond; well-cut diamonds command higher prices.
• Colour affects value; colourless diamonds are more desirable and costly.
• Clarity refers to the presence of any internal or external flaws and also impacts price

• The AJC Guide to Antique Diamonds

By balancing these factors, you can find a stunning diamond within your budget.

Alternative Gemstones and Spending

If a traditional diamond ring doesn’t align with your budget, or simply disagrees with your partner’s taste, don’t fret! There are plenty of stunning alternatives to consider. Gemstones like sapphires, emeralds, and rubies possess excellent durability whilst offering vibrant colours emitting a rich hue of sparkles.

Not only cost-effective, coloured gemstones allow for a ring that reflects your partner’s personality as each gemstone has its unique symbolism. For example, ruby compliments a recipient who is passionate and emboldened. Aquamarine might be the perfect choice if you’re looking for something with a serene and calming hue to match your partner.

Beyond the Gemstone

You are buying an engagement ring not an engagement gemstone. This means that the band the gemstone sits on will also affect how much you spend. As engagement rings symbolise an enduring relationship, gold’s durability makes it a popular choice for a band. Available in different carat weights, gold also presents a range of options to suit different budgets.

Unveiling the Timeless Beauty of Antique Engagement Rings

Antique jewellery (over 100 years old) is VAT exempt, so you are paying 20% less than what you would for a current piece of similar quality. Not only do antique rings cost significantly less for no reason other than age but they are also a sustainable option, so that you are helping the future by connecting with the past.

• What’s the Difference Between Antique and Vintage Jewellery?
• Antique Jewellery: The Thinking Girl’s Answer to Sustainable Luxury

More importantly, every piece of antique jewellery is unique because its craftsmanship cannot be replicated with modern machinery. This gives antique rings an artisanal appeal that you can’t find in modern-day pieces. This because the techniques useed are too labor-intensive, and costly, for most modern mainstream brands.

While shopping our antique rings, take the time to learn about different eras and styles through our blog posts. Whether it’s the Art Deco‘s geometric shapes or the romantic designs of the Victorian period, each era has its own distinct characteristics. By providing you with these histories, we aim to help you find a ring that suits budget and tells a story that you’ll want to continue.

Keeping your Eye on the Prize: deals and membership

One last AJC tip: Keep an eye out for our seasonal promotions and events throughout the year or better still, sign up to AJC VIP to gain further access to the best deals and newest pieces.

Want in-person advice on how much to spend on an engagement ring? Book your appointment and we’ll share more secrets!

Happy Ring Hunting!