Engagement rings are the symbolism of your love towards your partner and so, everyone wants it to be unique. While there is nothing more unique than a bespoke engagement ring, it is commonly known that it costs a fortune, or does it? If you are wondering how much to spend on an engagement ring then we have the perfect guide for you.
The Three-Month Rule
Popular culture says that a man should spend at least three months’ salary on the rock. If you think this is too much, then you are not alone. According to a study, 75% of men and 83% of women think that the cost of an engagement ring should be 3500 GBP or less.
Are Bespoke Engagement Rings Expensive?
We think that you should only spend so much money on the ring, which enables you to make a small investment without putting you in debt. Opting for bespoke engagement rings is a great way to control the cost of the ring while also getting the design of your choice. The cost of handmade and custom made engagement rings depends on a several factors, such as:
Stone: The cost of a ring is mainly determined by the type of stone used. You can choose any precious stone, but a diamond is a classic choice for an engagement ring as its strength symbolizes the eternal bond of marriage.
The Cost of A Diamond Depends on 4 Cs:
- Cut: The most prominent among the 4Cs, the cut gives the diamond its sparkle. The GIA standard for diamond cuts ranges from “poor” to “excellent”, with each step increasing the price of the diamond.
- Clarity: Clarity of a stone refers to the absence of visible flaws in the diamond, as seen under a 10x magnification. The GIA standard for clarity has 11 grades ranging from “included” to “flawless”. Most diamonds sold are of the grade SI1-SI2.
- Colour: Most diamonds have a slight yellow tinge to them. The lesser the tinge the better the diamond. The colour scale starts from Z for the most coloured diamonds to a D for a colourless diamond.
- Carat weight: Carat determines the weight of the diamond. But a higher carat diamond does not mean it is expensive, especially if it ranks poorly on the other 3Cs.
Metal: Though the metal weight is negligible when compared to the diamond, it can still significantly impact the average cost of your ring. You can choose from silver, gold, or platinum with the cost depending on the purity of the metal.
Design: A complex designer-sketched design costs a lot more than a simple replica of another ring.
Different jewellers provide custom made jewellery at affordable costs. A popular store, COE’s Bespoke Jewellery gives you a choice of several diamonds, metals and designs to make your perfect bespoke engagement rings and wedding bands or eternity rings.