blog

what is the cost of an engagement ring

Banner Image

What are the costs of an engagement ring?

In love, engaged, married: the path to 'They lived happily ever after' seems so simple. Yet, even at the engagement, practical matters arise alongside romantic ones, such as when buying an engagement ring. How much should an engagement ring cost? Is having a custom-made engagement ring expensive? Is an engagement ring a good investment? What material is an engagement ring made of? Do precious metals like gold, silver, or platinum retain their value after purchase? In short, how do you determine how much money you should spend on an engagement ring?

The average price of an engagement ring

First of all: rest assured, there are no universal rules for what an engagement ring should cost. Some simply have more to spend than others. Moreover, it varies by country and tradition. In the US, people spend an average of 5000 euros on an engagement ring, in England an average of 1750 euros. In the Netherlands, the average is around 2500 euros. In the past, it was often said: an engagement ring costs twice a month's salary, but that calculation is outdated today. There is no fixed amount, but at Atelier Saddal, we can help you determine an amount that fits your situation. Our experience shows that having a custom made engagement ring starts at 3500 euros. How expensive a custom made engagement ring is depends on several factors. Starting with the material: an engagement ring is usually made of gold, silver, or platinum. It is also good to know that especially gold has historically been a good investment: the price of a kilo of gold has increased by no less than 560 percent over the past twenty years! Gold has traditionally been known as a stable and valuable precious metal. Especially during inflation, when the value is highest as the euro or dollar is under pressure, gold retains its value. The same goes for silver and platinum, but even more so for gold.

An engagement ring is a good investment!

Besides financial value, an engagement ring naturally has great emotional value. For the future bride (and groom!), the romantic significance is often more important than the cost. How expensive an engagement ring is, is therefore in your own hands. The fact is that most couples are getting married at an increasingly later age: in 1975, it was around their 25th, nowadays it is around their 33rd. Generally, this provides more financial room for a slightly more expensive engagement ring, but true love has no price. In romantic terms, having an engagement ring made is always worth the investment!

What does it cost to have a custom made engagement ring made?

Those who have a custom made engagement ring created at Atelier Saddal receive a ring in 18 karat gold including a diamond of approximately 0.50 carats of good quality. Usually, this is a gold solitaire ring, as the romantic tradition prescribes. The costs for a custom made engagement ring start from € 3000,-.