Ask the Expert – How Much to Spend on an Engagement Ring
Question: What is the Average Price to Pay for an Engagement Ring?
Traditionally a man should spend around three months salary on an engagement ring, but ultimately the amount you spend on an engagement ring boils down to how much you can afford without breaking the bank and piling up a huge amount of dept. Buying an engagement is an exciting time and the one you pick symbolises love, devotion and commitment to the promise of marriage. The question that many ask is – How much should I spend on an engagement ring? The idea that men should spend three months salary on an engagement ring developed from a marketing ploy run by the diamond industry in the 1940s with the message “Diamonds are forever”. If you love the thought of spending lots on an engagement ring but simply can’t afford it another option is to buy a relatively modest priced diamond engagement ring at first and then years later if you have more money to spare, you can upgrade the diamond engagement ring. It can also be a nice way of renewing the engagement and marriage.
Where Should I buy an Engagement Ring?
One important point to remember when buying an engagement ring is that if you buy off a top high street jeweller you are likely to be paying at least a 100% mark up plus VAT – to cover expensive overhead. However if you buy either off a less well known jeweller either on the high street or on the internet, the likely hood is that you will pay a lower prices for a diamond engagement ring that matches the exact same quality as a top jeweller. Remember to do your research by reading diamond buying guides and shop around either at online jewellers or high street jewellers to compare price and quality that matches your budget and diamond requirements.
Whilst things will undoubtedly be different this year, that doesn’t mean you can’t enjoy life’s
most luxurious pleasures. The enchantment still flows at Steven Stone.
The Stone way has always been to provide our clients with the utmost in bespoke service, which
is why we are offering 1-on-1 virtual consultations over the lockdown period.
Whether you’d like to talk about the diamond you have had your heart set or you want to discuss
an engagement ring you have seen on our website, we’re just one click away.
It could be something as simple as booking a repair in. Or detailing how the process works when
creating precious memories. Our experts are here to help whatever the occasion.
Your safety. Our priority.
The safety of our customers has always been our number one priority.
When we were allowed to open our doors and welcome clients back, we went above and beyond when
putting COVID safety measures in place.
And now we are giving you the chance to experience the Stone lore from home. We want to ensure
that every client gets the full Steven Stone experience, which is why our virtual consultations
are as close to a showroom experience as possible. Uncompromising, unrivalled service.
We know you may be wondering about the level of service a video consultation can deliver. It’s
only natural. But we’re here to assure you that our jewellers are trained to give the most
authentic experience to all of our clients. They are there to put you at ease and to make you
feel comfortable talking about any aspect of your jewellery desires - no matter the setting.
They will be at our showroom, able to take you round wherever you want to go. Once you begin
your video consultation, you will forget that you’re in your own home having immersed yourself
in the magic of diamonds. Our consultations are a special process and absolutely no expense has
been spared in bringing this enchantment directly to your home.
Whether you want to treat yourself to the diamond you’ve always wanted or you’re after something
sentimental for your partner, our relaxed video consultations can match you to the perfect
It may be a completely handmade, bespoke commission or it may be a ready-to-wear ring. Whatever
it is, our consultations will ensure it is perfect down to the very last detail.
Or it may be as simple as a repair. You might just want to breathe new life into an old
heirloom. We can help you with that too. We pride ourselves on being authentic jewellers, not
resellers. If you need any jewellery assistance during lockdown, Steven Stone are always on hand
A Steven Stone Promise
We are committed to delivering an authentic experience, enveloping you in marvellous escapism.
Whether that be in our trademark showrooms or from the comfort of your own home.
It is a commitment that we take on with the utmost respect and is what sets Steven Stone apart
from the crowd.