This is how much the average engagement ring now costs

This is how much the average engagement ring now costs

Do you compromise that an engagement ring should value an average of 3 months’ worth of wages? a few says it’s been an unwritten rule for many years, and yet in line with a brand new survey, in recent times people are in reality spending less.

The file, which comes from on line gift shop Hipper, revealed that the average Brit now spends £1,042 on an engagement ring, that's 0.fifty seven instances the month-to-month wage and equates to more or less 12 days paintings / ninety eight hours of pay.

It turned into also located that companions in specific cities are more generous than others, with those in Belfast being the most important spenders, forking out a mean of £1,567. Gloucester then follows as the second one maximum generous town, with a median spend of £1,350.50.

At the bottom become Norwich, who seemingly fork out a median of £614.10 for a ring, while for Worcester, who located 2nd from bottom, came in at £675.50.

“We believe there may be more and more pressure to splash out on an engagement ring,” stated a spokesperson from Hipper. “And we think the three-instances-monthly wage ‘rule’, which originated from an advert inside the 1970s, need to be banished. Engagement earrings, like wedding ceremony earrings, are personal; no one can tell you how a good deal you spend.”

Do you believe you studied three-months’ well worth of wages is still a reasonable value for an engagement ring? We need to hear from you. simply hit ‘Like’ on our wedding ideas facebook page, and ‘comply with’ on our @wimagazine Twitter account to sign up for within the communique.

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