After spending a fortune on an engagement ring, grooms are not always ready to purchase an expensive wedding ring. If you’re a fiance like this, this guide is for you. Here, we’ll disclose all the secret knowledge to get this jewelry piece for the best price. Of course, we don't mean to teach how to cheap out on the rings for your beloved. But we can really help you with making a reasonable purchase and get real value-for-money.
Specifically, this overview reveals the key places and ring designs that fit a reasonable budget perfectly. Simply put, we’ll teach you how much to spend on a wedding ring.
Before we dive into determining a perfect wedding ring price, let’s start with the basics. Traditionally, the cost of this ring should be 3% of your total budget for the wedding. Nevertheless, this formula doesn't clarify how much to spend on a wedding ring. That’s why this number is just a reference point to start your own budget setting. As practice shows, your readiness to spend a certain sum on a ring she wants determines the average price more accurately than so-called “traditions.”
We always inquire clients on their price expectations before bringing our custom-made ring ideas for their wedding ceremony. As it turns, most of the respondents reveal readiness to cut expenses on ceremony organization if the wedding ring we’re about to offer is truly worth it. That’s why the average price paid for the ring is a very wide range — from $3 to $300,000. In the end, the price paid reaches up to 15% of yearly income for both engagement and wedding rings.
That’s why we recommend couples to select the desired design and style first and then proceed to adapt its cost to the budget limitations. This way, you’ll get the ring of your dreams without the feeling like you’re saving on it and prioritizing price before appearance.
Most shoppers choose cheap chain stores like Kay Jewelers, Zales, and James Allen, expecting to save money on the wedding rings after springing for a proposal. Though seeming reasonable in theory, this choice turns poor in reality. Cheap jewelry is likely to lose its luster fast, get broken unexpectedly, or even contain fake materials and diamond simulants. Wise buyers know: there are smarter ways to save on the price of a wedding band.
Besides, some shoppers choose to buy a wedding ring from the jewelry shop they’ve previously ordered engagement rings from. This decision promises to save time but creates more problems in practice. Either too limited or too broad selection of designs doesn’t make it easier and faster to pick the dream ring. Simply put, it’s hard to get the wedding ring of your dreams in the same jewelry shop, especially if this store doesn’t have an option to make a custom-made ring for you.
For the smartest choice and the fairest price for a wedding ring, request a personal consultation from a diamond jewelry expert. This way, you’ll save time on learning the peculiarities of wedding jewelry and be certain to maintain the balance between cost and quality in all the materials. Our respondents‘ experience confirms: only an expert can pick up a ring that is of the highest quality, desired style, and meets your budget constraints.
As we’ve mentioned before, your choice of a wedding ring should start from selecting its specific design. Most couples acknowledge that and do their research on popular styles for rings before entering a jewelry shop. For those unprepared, we’ve made a short overview of the most common wedding ring styles.
There are different designs for women and men. It’s popular to pick for females rich and moderately-decorated rings that frequently feature diamonds and other precious stones. A wedding ring for a groom has a more restrained styling — and a lower price.
The metal choice is also a determining factor for the ring’s cost. Generally, the white gold setting is very common for female models, while tungsten is mostly used in male rings. Besides, some couples pick platinum and palladium for their rings. Their choice increases the price dramatically but changes the jewelry piece's appearance and physical characteristics only slightly.
Finally, the presence of engravings and contours adds some dollars to your ring. The ring size matters here: the bigger the ring area, the more expensive its decorating turns.
Both engagement rings and wedding bands have a symbolic meaning of marking the life-changing moment when your love reaches a new level. That’s why it’s irrelevant even to consider an idea to save some on these pieces of jewelry. You will wear the ring for years, so it should have a corresponding appearance and quality.
Besides, proposing with an engagement ring is a very “Instagram” moment, meaning your happy bride-to-be will demonstrate it to the world. In its turn, the moment of exchanging wedding rings mostly happens in the closed circle of invited guests to the ceremony. That’s why it’s common to dedicate more attention and budget to the sparkling appearance of an engagement ring and the highest quality and durability of wedding rings.
The idea of saving on a wedding ring cost has nothing with gifting your beloved an outdated ring. More accurately, we’ve discussed here the top ways to turn into reality the design of your dreams and not overpay for that.
With over 60 years of experience in the jewelry market, we are ready to help you get the wedding band with diamonds of any quantity and quality. Our goal is to provide the best selection of wholesale diamonds at an affordable price for all your fine jewelry needs. We want you to be comfortable with the purchase of your diamond engagement ring, eternity band, or wedding ring.
When you’re ready to design your dream ring, we’ll help you save money on a 100% conflict-free diamond. Contact us, and get a free quote from the diamond expert!