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How much does an engagement ring cost?

How much does an engagement ring cost?

An engagement ring is a beautiful symbol of love and commitment — but many people wonder: how much does an engagement ring actually cost? The price can vary greatly depending on factors such as the quality of the diamond, the type of precious metal, and the design. On average, the price of an engagement ring ranges between €1,000 and €3,500, though there are both affordable options and luxurious designs that far exceed this range. In this blog, you’ll discover what determines the price and what to keep in mind when making your choice.

The Different Price Categories of Engagement Rings

To get a clear idea of the costs, it’s useful to look at the main features that influence the price. The table below gives an overview of the different price categories:

Price category

Carat weight

Diamond quality

Metal options

Design features

Budget (up to €1.000)

0,10 – 0,25 ct

Basic cut, minor inclusions

Silver or 14k gold

Simple solitaire or minimalist design

Mid-range (€1.000 – €3.500)

0,25 – 0,75 ct

good color (G-H), VS or SI clarity

14 or 18k yellow, white or rose gold

Classic solitaire, halo or refined designs

Luxury (€3.500 – €10.000)

0,75 – 1,5 ct

High quality (D-F color, VVS clarity)

18k gold or platinum

Exclusive designs with multiple stones

High-end (€10.000+)

1,5 ct en hoger

Top-quality diamond or rare gemstones

Platinum or high-karat gold

Unique, handcrafted designs with luxurious finish

How Much Should an Engagement Ring Cost?

There’s no fixed rule for how much an engagement ring “should” cost. Traditionally, people would spend the equivalent of two to three months’ salary, but nowadays, most choose an amount that fits their personal circumstances.

What matters most is that the ring holds meaningful value for you as a couple. For some, that means a modest budget of a few hundred euros, while others prefer to invest in a ring worth several thousand. The key is to choose a ring that suits both your budget and your partner’s style.

What Determines the Price of an Engagement Ring?

Several factors influence the price of an engagement ring:

  • Carat weight of the diamond: the larger the diamond, the higher the price.

  • Diamond quality: the 4Cs — cut, color, clarity, and carat — are crucial here.

  • Metal: gold and platinum are more expensive than silver, and higher-karat gold increases the price.

  • Design: unique or handcrafted pieces usually cost more than standard models.

  • Vintage value: for vintage rings, rarity and provenance often play an important role in the price.

Would you like to learn more about the meaning of an engagement ring and how to wear it? Then read our blog: Which Hand to Wear an Engagement Ring On.

At Vintage Jewellery, you’ll find an extensive collection of vintage engagement rings, ranging from affordable to exclusive designs. Whether you’re searching for a classic diamond ring or a unique piece with a story, you’re sure to find one that perfectly symbolizes your love.

Also, discover our complete collection of vintage rings.

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