How much do you spend on a diamond engagement ring?
There are plenty of myths surrounding how much you should spend on a diamond engagement ring-we’re sure you’ve heard of the three month’s salary rule, the one month salary rule or even the split-the-difference rule.
The US spends the most on engagement rings, with an average spend of $6,351 in 2017. While the average spend is significantly less in the UK, it doesn’t mean people are buying inexpensive rings. Instead, we’ve seen a trend that has seen consumers move away from traditional choices, choosing to explore different designs, materials and styles as well as gaining a deeper understanding of a product’s value before deciding what to spend on an engagement ring.
In summary, spend as much or as little as you are able to because no one should put a value on your love-it’s priceless.