Nowadays, you can find so many different types of wedding rings, so choosing the perfect model for your beloved lady won't be a problem. The biggest but not less romantic question is how much a wedding ring should cost. Basically, it will depend on the material, the design, the particular brand and the embedded stones.
Here, we'll take you through the average engagement ring cost in 2021, cut through the myths surrounding how much to spend on an engagement ring, and highlight the factors to consider when selecting the best ring for your partner and your budget.
Determining The right ring size
The first thing you should do before going to the jewelry store is to measure your partner's finger. Without an accurate size, you will not be able to purchase the right wedding band. You can do this in several ways, including.
- Comparing the sizes of existing rings
- Measuring her finger with the ring
Once you have the correct finger diameter, or compare your existing ring to a chart, you can calculate the diameter and circumference of the ring you should purchase.
Your goal is to find a perfect ring without subsequently shortening or enlarging it. If you need to round up because a jeweler doesn't offer half the size, do so at a higher value.
The Average Price of a Wedding Ring💍
While the biggest jewelry cost is typically the engagement ring, wedding bands are also a budgetary factor to consider. Our study found that the average cost of a female wedding band in 2021 is $2,000. Meanwhile, the average cost of a men's wedding band is $850. White gold is the most popular wedding band material, while rose gold, yellow gold and sterling silver were also top favorites.
Things That Affect The Wedding Ring Price
- Metal Wedding Bands
Since wedding bands usually do not contain expensive gemstones, the main factor that determines the cost of the ring is the metal it is made of. In most cases, a simple style of yellow gold ring is the most affordable option.
Nowadays, most couples opt for a plain white gold ring. It is more expensive than the same silver model, but much cheaper than one made of platinum.
Any gemstones that require work and additions, especially diamonds, are generally more expensive.
On the other hand, men often choose tungsten wedding bands because they are less expensive. The problem, however, is that it is not possible to resize or make repairs to rings made of this metal.
- Diamond Rings💍
As you might have guessed, each additional diamond will increase the price of the chosen ring. The final amount will depend on the carat weight, quality and number of stones. The cheapest models have three stones, but you can also choose a ring with five stones or with diamonds all around.
- Engraving of The Ring💍
Some companies can add personalized engraving to your wedding ring for free, but this is not always the case. At most jewelry stores, the final price will be higher if you request this service. Keep in mind that a hand engraved ring is more expensive than a machine engraved ring.
- Wedding Bands’ Style💍
The overall look of your wedding band is of utmost importance. If you prefer a classic style, you can pick a small sawn piped or twisted micro pavé style. But buy the ring that symbolizes love according to your preference.
- Wedding Ring Durability💍
Remember that you will be wearing your wedding band every day, so you should choose a durable precious metal such as silver, 14k or 18k gold or platinum.
Although 14k gold is inexpensive and durable, most couples prefer 18k gold because of its lovely color and higher gold content. Platinum, on the other hand, is expensive and durable, but requires regular maintenance.
Men prefer more durable metals, such as titanium or scratch-resistant tungsten carbide, which are usually cheaper than gold.
How Much Does A Engagement Ring Cost?
Whatever your wishes, your wedding band’s final price will depend on the budget you have at your disposal. A wedding ring price is not carved in stone, but you should count to spend at least 3% of the total wedding cost for this purpose. So, if your wedding costs $40,000, you should spend min $2000 for the ring.
If your budget is limited, but you want a fancy wedding ring, you can start with an inexpensive model for the ceremony. There is a real possibility that you will have enough money for the more expensive ring for an anniversary. You can also use your engagement ring as the wedding band, but it will depend on your wishes and preferences.
Where To Buy Wedding Rings❤
Most people buy their wedding rings at traditional jewelry stores, but for this expensive option, you have other options. You can order online from the official websites of well-known brands.
Some surveys show that 35% of couples buy their wedding rings as engagement rings from the same store. The possible reason for this is the desire to find jewelry that matches as closely as possible.
There are also some options to find an extraordinary ring from your mother or grandmother's jewelry box. Such vintage or even antique rings are very romantic and only require a quick polish to become perfect.
Or if you are romantic and love the vintage look, a vintage store is the perfect place to find a ring. It's a sustainable way to buy the perfect wedding band that no one else has.
Keep in mind that the wedding band should perfectly fit both your girlfriend’s finger and your budget. The final price will always depend on her style and desired design. You can buy a separate ring or pick out a set for brides you can find for about $3,000. Lastly, the ring is a proclamation of your love, it must be worth something. I wish you luck!