When it comes to planning your engagement, setting a budget for the ring is a crucial first step. At Smith & Green Jewellers, we understand that your ring is a significant purchase, and your budget should reflect your comfort level. While the “two-months’ salary” rule is a popular notion, it’s essential to remember that there are no hard and fast rules when it comes to ring budgeting. Ultimately, you should decide how much you’re willing to spend on a ring, taking into account your financial goals and aspirations.
The cost of an engagement ring can vary significantly based on many factors, such as the type of stone, metal, and design. A solitaire ring with a natural 0.30ct diamond will typically start at around £1,400, while lab diamond rings can be less expensive. However, the diamond’s size and quality will be the primary cost factor. Additionally, if you opt for a ring with a diamond band, halo, split shank, or bespoke detailing, it can add to the overall cost.
It’s important to remember that a higher price tag doesn’t necessarily mean a better quality ring, and there are options available for every budget. Whether you choose to save up a substantial sum or opt for a more cost-effective ring, the most important thing is that you feel comfortable with the budget and that it works for you. At Smith & Green Jewellers, our expert team can guide you through the process of choosing a ring that meets your requirements and suits your budget.