A typical wedding ring can be a very expensive purchase, depending on the quality of the metal and gemstone used. The average cost of a wedding ring in the United States is $5,631, according to The Knot 2019 Jewelry and Engagement Study. This cost doesn’t include the engagement ring, which averages $6,351.
When it comes to how much to spend on a wedding ring, there is no “right” answer. It’s ultimately up to the couple to decide what they’re comfortable spending. However, there are a few things to keep in mind that can help guide your decision.
The first thing to consider is your budget. How much can you realistically afford to spend on a wedding ring? It’s important to remember that the cost of a wedding ring is an investment. You want to make sure you choose a ring that you’ll be happy with for years to come, so it’s worth taking the time to save up for a ring that you really love.
The second thing to consider is the quality of the metal and gemstone. The higher the quality, the more expensive the ring will be. However, it’s important to remember that a higher quality ring will also last longer. If you’re looking for a ring that will stand the test of time, it’s worth investing in a high-quality ring.
The third thing to consider is the style of the ring. Do you want a simple band or something more elaborate? The style of the ring will also affect the price. Simple bands are typically less expensive than rings with multiple gemstones or intricate designs.
Once you have a general idea of your budget and what you’re looking for in a wedding ring, you can start shopping around. Talk to your friends and family members who have recently gotten married to see where they purchased their rings. You can also look online and in magazines for inspiration. When you find a style you like, research different jewelers to find one that offers high-quality rings at a price point you’re comfortable with.
Once you have your budget and style in mind, it’s time to start shopping for your wedding ring!
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