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How Much Should You Spend on a Wedding Ring?

8 mins read time
How Much Should You Spend on a Wedding Ring?

When it comes to planning your wedding, a detail that cannot be overlooked is finding the perfect wedding ring. But how much should you actually be spending on a wedding ring? Read on to discover the average wedding ring cost and tips and tricks for how to save for the perfect ring.

The Average Cost of a Wedding Ring

When you're shopping for wedding rings, the first thing that may come to mind is ‘how much are wedding rings, exactly?’ Well, the answer depends on many factors. Carats, cuts, and metal, just to name a few.  But, generally speaking, the average cost of a diamond wedding ring or engagement ring is between $1,500 and $6,000. Of course, the price will inevitably vary based on the quality of the metals and stones used, as well as the customization options available. For example, if you decide to go with a platinum wedding ring or yellow gold band, the cost can jump significantly. Similarly, if you opt for a diamond ring, the cost will undoubtedly be higher than a simple band. Therefore, it's important to take your time when choosing a diamond wedding ring, and understand the factors that play into the ring cost so that you can get the best value for your money.

Are you planning to customize wedding rings? While wedding bands and eternity rings tend to be less expensive than engagement rings, prices can still range from hundreds to thousands of dollars, depending on the quality and customization of the band. At Noemie, you can get a beautifully crafted diamond wedding band for a fraction of the cost of traditional rings. So if you're wondering how much wedding rings cost and if there are wedding rings under $2,000 available, the answer is that it depends, but you don't have to spend a fortune to get a great one.

Factors That Affect the Price of a Wedding Ring

When shopping for a wedding ring, the cost will vary based on different factors. The main price differences will be based on the carat size of the center stone, the metal type, the customization, and the cut of the diamond when budgeting for your wedding ring. Carat size is an important factor in determining how much your wedding ring will cost. The bigger the diamond, the higher the price tag. For example, a 1-carat diamond typically costs around $6,000 to $7,000.

In addition to the carat size, the metal type you choose can affect the overall cost. Platinum is one of the most expensive metals used for wedding rings but is also one of the strongest and most durable. Yellow gold and sterling silver are less expensive but may not last as long as platinum.

When it comes to customization, Noemie offers a high level of personalization, allowing you to create your perfect ring. If you want something extra special for your partner, you can add custom engravings or a unique set design that will add to the cost of your ring.

Finally, the cut of the diamond is another factor to consider when budgeting for a wedding ring. A well-cut diamond will sparkle and reflect light better than a poorly cut one, making it more expensive. The shape of the diamond is also an important factor; round diamonds are the most popular, but other shapes such as princess, cushion, and oval can also add to the cost. 

So when people ask how much budget wedding rings cost, the answer will vary depending on many factors. Make sure to consider each of these factors when deciding on your budget for your special ring.

Tips for Saving Money on a Wedding Ring

When it comes to weddings, it can be easy to overspend. You want the day to be special, and it’s tempting to go all out. Fortunately, there are ways to save money on your wedding ring without sacrificing quality or style. Here are some tips for budgeting and finding a great deal on a wedding ring:

  1. Know What You Can Afford

Start by deciding how much you can afford to spend on a wedding ring. If you have a tight budget, consider looking at the Noemie collection, which offers beautiful and durable rings in the $1,000 to $2,000 range.

  1. Set a Savings Goal

Once you know what you can afford, set a savings goal and stick to it. Start putting aside money as soon as possible, and make sure you hit your target number before you start shopping for rings.

  1. Shop Around

Don't settle for the first option you see. Do your research and compare different stores and designers to find the best price for your desired ring and wedding jewelry.

  1. Don't Sacrifice Quality

When trying to save money on your wedding ring, don't sacrifice quality. Choose something that will last and look great for years to come.

By following these tips, you'll be able to find an affordable yet high-quality ring that meets your needs and budget. Don't forget that no matter how much wedding rings cost, your wedding jewelry should be something that celebrates your love and commitment.

Find Your Perfect Ring (at the right price) with Noemie 

Finding the perfect ring for your special day doesn't have to be a costly endeavor. With Noemie, you can find the perfect wedding ring without breaking the bank. Noemie offers a wide variety of high quality and affordable wedding bands, with prices starting at just $450. Whether you're looking for something classic and timeless or a more unique, one-of-a-kind piece, Noemie has the perfect ring for you.

Noemie also offers free shipping and a no-hassle return policy, so you can shop with confidence. With their customizable options, you can create a unique design that perfectly expresses your love story while also staying within the wedding budget. Plus, they offer a lifetime warranty on all of their rings, so you can rest assured that your ring will last as long as your love it.

So, if you're looking for an amazing diamond wedding band at an affordable price, look no further than Noemie.

Their selection of gorgeous rings is sure to make your special day even more special. Now you know how much wedding rings cost, shop with confidence and let Noemie make your dream wedding ring a reality!

 

Sources:

  1. Wedding Forward. The Average Price of a Wedding Ring. https://www.weddingforward.com/average-price-of-wedding-ring/
  2. Ring Concierge. 9 Expert Tips for How to Save Money on an Engagement Ring. https://ringconcierge.com/blogs/news/how-to-save-money-on-engagement-ring
  3. The Knot. How Much to Spend on Engagement Rings. https://www.theknot.com/content/how-much-to-spend-on-engagement-ring