The AVERAGE Price of an Engagement Ring

What is the common value of an engagement ring : 2018 replace

Showing a core choice from the Serendipity Diamonds engagement ring assortment

Why is the common value of an engagement ring necessary?

So why must you discover out what the common value of an engagement is? Well, this convenient benchmark permits patrons to check true worth between common jewelry retailers. You will be taught from our analysis well-known model title doesn’t essentially imply glorious worth.

When a purchaser begins to analysis engagement rings, there are a number of matters that demand consideration. Typical value, common designs, diamond grading and understanding valuable metals. The common value of an engagement ring stays a  important issue for many patrons.

Goldsmiths, Beaverbrooks and H Samuel vs Serendipity Diamonds

Many patrons mechanically steer in the direction of well-known, common high-street jewellers for his or her engagement ring. More savvy patrons admire the distinction in revenue margins in comparison with a smaller impartial engagement ring specialist like Serendipity. The common value of an engagement ring can go a lot additional relying on the place you store.

What does the common particular person spend on their engagement ring?

Spend an excessive amount of and it could be overkill. Spend too little and we could be thought-about low cost. We are influenced by the patron habits, tendencies and traditions. For this cause, realizing the common value of an engagement ring helps us to gauge how our personal finances compares.

Spending 1 – Three months Salary on an engagement ring

Tradition has advised males spend between 1-Three months wage on an engagement ring. Around 66% of males shopping for engagement rings spend beneath a month’s wage on their engagement ring buy. For this text we’ve got determined to concentrate on a spend of one month’s take-home wage based mostly on the common wage throughout the UK.

What is the common wage within the UK?

The common wage throughout the UK stands at £26,500 in 2018 based mostly on up to date statistics.

This equates to round £1775 in take-home pay every month.

Owing to non-public and household expenditure, most individuals decide to particular spending patterns. As a consequence, finance for engagement rings has soared in reputation as look in the direction of simpler fee choices like interest-free credit score when shopping for an engagement ring.

The pitfalls of excessive avenue pricing for engagement rings

The phrase ‘you get what you pay for’ doesn’t all the time relate to engagement rings. The savvy shopper will consider the true worth of their buy. This will embrace :

The merchandise – what they really obtain for his or her spend. Diamond measurement, high quality, commonplace of certification for the diamond and so on. 

Weight and construct high quality. Many rings are offered with hollowed-out shoulders. They look substantial however carry little weight – mass produced abroad with excessive margins added by chain shops. Turn the ring the wrong way up and have a look at the underside of the shoulders. Ask for particular data – diamond weight, diamond color, diamond readability, certification, lower grade….and so forth. 

Reassurances – Lifetime guarantee? Returns coverage? Aftersales care?

We took 5 jewelry shops, with web sites, and in contrast a traditional spherical sensible lower solitaire ring. This is what we discovered basing our analysis on a sale of £1750.00

1. Serendipity Diamonds – Offering the Best Value

Five-Stars for engagement rings at Serendipity Diamonds offering best value for the average price

 

The average price of an engagement ring at Serendipity Diamonds

 

At Serendipity Diamonds, we create your engagement ring—constructed totally from the bottom, up. We take your chosen specs, and supply dependable certification and work to a small, decreased margin leading to glorious worth for cash.

What engagement ring can you purchase for £1750 at Serendipity Diamonds?

18ct White Gold. zero.50 carat GIA licensed diamond G color SI1 readability. 

Incredibly good worth. A spherical sensible diamond solitaire weighing zero.50cts. absolutely licensed at G color SI1 readability. This consists of probably the most respected GIA (Gemological Institute of America) certificates, with a assured minimal of an excellent lower grade. Set right into a stable 18ct White Gold ring mount – with 60 days returns, a free resize, unimaginable packaging and the ring is personally constructed to your specs.

Other plus factors embrace 6 months zero% interest-free credit score accessible topic to situations and a secure, straightforward on-line technique of buy is out there. When it comes to buying an engagement ring, patrons usually are not searching for the most affordable ring, however a method to discover the easiest worth for his or her buy.

Why 5 stars? – For the whole bundle. Guidance, assist, merchandise specs, packaging and add-ons make this one of the best worth. 

2. Goldsmiths

Two star rating

 

Goldsmiths engagement ring example

Next on our checklist. The UK’s massive High Street chain Goldsmiths. They are one of the most important jewelry names on the High Street. But what did we discover?

What does £1750 get you at Goldsmiths?

zero.25cts single diamond, set in 18ct white gold. No specs offered.

Three stars have now change into 2 stars by ranking – however why? – Interestingly the diamond measurement accessible on this finances is now far decrease than once we initially wrote this text 2 years in the past. 

Three. H. Samuel

stars-2

 

H Samuel average engagement ring priceWhat does £1750 get you for an engagement ring at H Samuel?

9ct White Gold. zero.50 carat J color P3 readability. 

Why 2 stars? – Rather extremely, H Samuel presents a barely tinted diamond on the lowest potential diamond readability grade (I3) which presents little true worth for cash in our opinion. 

four. Beaverbrooks

stars-3

 

Beaverbrooks average engagement ring price

Next we checked out Beaverbrooks, one other of the favored High Street jewellers.

What does £1750 get you for an engagement ring at Beaverbrooks?

zero.35cts whole diamond weight together with shoulder diamonds, G color SI1 readability set in 18ct white gold. 

For this finances, we didn’t discover a single solitaire diamond ring. At a respecatable high quality of G color SI1 readability, the general carat weight got here out to zero.35 carats for a design with diamond set shoulders.

Why Three stars? – Beaverbrooks have now leapt ahead above H Samuel providing larger worth for cash in our opinion.

5. Ernest Jones

Two star rating

 

What does the average price of an engagement ring get you at Ernest Jones jewellers

To complement the opposite manufacturers famous above, Ernest Jones produced a good choice on this value vary.

What does £1750 get you for an engagement ring at Ernest Jones?

For £1750.00 you will get a zero.50-carat diamond (no high quality given) set into 9-carat gold. 

Why solely 2 stars? – Very little data. Despite the zero.50 carat measurement, which is respectable, there isn’t any specified high quality and the dear metallic is just 9-carat gold. 

In conclusion – observations and feedback

High avenue jewellers, regardless of being well-known, don’t all the time provide one of the best worth. Established, common jewellers similar to Beaverbrooks, H Samuel, Ernest Jones and Goldsmiths depend on model recognition however acquire gross sales regardless of poorer worth. With the rise of smaller impartial engagement ring specialists, the common value of an engagement ring will go a lot additional. As a consequence, a excessive distinction in worth exists between on-line, small showrooms and the excessive avenue.

Value for money across retailers for engagement rings

An illustrated chart displaying modifications in worth for cash throughout main jewellers based mostly on solitaire ring costs over the past 5 years. 

Why omit diamond specs?

One of our key observations is a scarcity of specs. While jewellers are eager so as to add descriptions, they omit key specs. In explicit, particulars of diamond high quality. This prevents on-line patrons from making direct comparisons with ease.

This article was first revealed in 2013 and has helped many patrons get distinctive worth when shopping for an engagement ring. We hope this has helped you in your journey in the direction of the right ring.

Gallery of engagement ring commissions

The following gallery reveals some of our earlier work, all images taken over time at Serendipity Diamonds. We provide many specs for every fashion. This permits patrons to work to their very own finances with many becoming into the averge value of an engagement ring value.

Have your say?

If you’ve gotten a remark, why not inform us your ideas beneath.

Mark Johnson

About Mark Johnson

Mark co-founded Serendipity Diamonds in 2007 after 20 years working with unfastened diamonds and jewelry. Mark is a eager jewelry and gemstone photographer, blogger and content material author. He works alongside a small group of their Ryde showroom and spends his spare time engaged on jewelry pictures tasks and along with his two younger youngsters.

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