How Much Should You Spend On A Wedding Ring In 2023?

The rings you wear on your wedding day are symbols of your love and commitment. However, there are plenty of questions couples have when it comes to how much you should spend on your wedding ring. How much does the average person spend on a wedding ring? What is the average budget for a wedding ring?

When it comes to wedding rings, Diamond Heaven has a wide range of vintage and contemporary men’s and women’s wedding rings to choose from. Whether you want a two tone wedding ring or something more traditional, we’ll help you choose a pair of rings that you and your partner will love.

Figuring out a budget for a wedding ring can be difficult, but our experts at Diamond Heaven can help you navigate through this process. We have put together a guide to how much you should spend on a wedding ring in 2023.

How Much Does The Average Person Spend On A Wedding Ring?

The amount you should spend on a wedding ring ultimately depends on your budget and personal preferences. Factors such as the type of metal used, ring size and its carat value can all contribute to the overall cost of a wedding ring. 

At Diamond Heaven, our rings start at just under £97.00 for a Traditional Court Wedding Ring, while those with larger budgets may find our Full Set Diamond Vintage Wedding Rings more appealing, with prices starting from £2,100.00.

Doing your research and figuring out a set budget for your wedding rings is essential. You want to make sure that you get a pair of rings that best reflect you and your partner’s personalities without breaking the bank. 

Figuring Out A Budget For A Wedding Ring 

When figuring out a budget for your wedding ring, start by looking at your overall wedding budget. 

According to Hitched, the average cost of a wedding in the United Kingdom in 2022 is £18,400. While the wedding ring is one of the most important purchases for your wedding, it makes up a relatively small amount in the overall budget. 

For example, if your overall wedding budget is £30,000, you should set aside between £900 and £1,500 for you and your partner’s wedding rings. Allocating a budget for your wedding rings means that you won’t forget about buying these pieces of jewellery ahead of the big day.

Think About The Wedding Ring Metal

The type of metal you choose for your wedding ring will also affect the overall cost of your jewellery purchase. 

Gold and platinum are two popular choices for wedding rings, with platinum being the more expensive option due to its rarity and durability. Other metals such as white gold and yellow gold are more affordable and offer durability and longevity at a fraction of the cost of a gold or platinum wedding ring.

Consider Getting Help From Our Experienced Experts

At Diamond Heaven, we understand that choosing the perfect wedding ring can be overwhelming. That's why we offer expert advice and guidance to help you find the perfect ring that fits your style and budget. Our team of experienced jewellers will work with you to find a pair of rings that symbolise your love and commitment for one another.

No Wedding Is Complete Without A Pair Of Wedding Rings From Diamond Heaven

If you're looking to buy a wedding ring in 2023, it's important that you take the time to do some research and figure out exactly what ring style will work best for your budget. There are many different factors that go into this decision, including how much money you want to spend and even the material used in making the ring itself.

Looking for an alternative way of buying your wedding rings? Our 0% finance option allows you to spread the cost of your jewellery for up to six months with a minimum 10% deposit.

Complete your wedding preparations by buying your wedding rings from Diamond Heaven. You can book an appointment at one of our showrooms across the UK today and come out with a pair of rings that are perfect for your wedding.