Posted on December 15, 2020 at 1:02 pmby Hitesh Patel/ 0
Rings are the best way to show love and affection to your partner. The same holds true for wedding rings. They are a formal agreement within the couples with a promise of future marriage. But decide which ring to buy to take your commitment to a next level can be a heck of a task at times.
The ring should be as special and unique as your love and your wedding day after all this day comes once in our lives and so should be cherished and made sure that the sweet memories last forever just like your wedding ring. There are various factors that should be taken into account while buying the perfect ring for your perfect day.
The average cost of wedding rings?
Diamonds over the years have been the popular choice for wedding rings and have been a significant investment after all it’s for that one special day. According to various researches that have been carried out over the years the average cost of an ideal wedding ring is about 5900 US dollars. However, it remains a personal choice and tastes how much to spend on a wedding ring. Many couples even spend more than this average cost and the others less than this.
This makes no difference in their special day as diamond wedding rings are available in a variety of shapes, designs, and budgets so one can choose accordingly. Studies further suggest that one-third of the buyers spend between 1000 dollars to 3000 dollars on their wedding rings whereas nearly 10 percent of the total shoppers even tend to buy rings under 1000 dollars.
The cost of the wedding rings depends on various factors mostly the 4 C’s that is the carat, cut, clarity, and color. The region also plays an important role as in some places people tend to spend lavishly on wedding rings. In the mid-Atlantic, the average cost is 7500 dollars and in England, it ranges about 6900 dollars. The lowest average is that of the Midwest which is about 5300 dollars.
With the change in trends over the years many couples are opting for new rings and designs and mostly the customized ones to be precise 85 percent and nearly 45 percent among them chose to go for custom designs to add a personal touch on their wedding day.
Diamonds are the best and popular choice traditionally and currently also even though the emeralds and sapphires gave a historical significance. But the couples are preferring diamonds for their special day nearly 83 percent of the couples go for diamonds as the central stone in their wedding rings due to various features and designs of the diamonds.
But still, unconventional stones are a popular choice for certain couples. Those who want to stand out and do not go by the traditional norms of society tend to opt for them. The demand and popularity of Moissanite have doubled from the year 2017 thus depicting the changing trends and choices. The carat weight also has a significant role in the deciding of the rings and mossy it lies between 1 to 2 cars for barely 50 percent of the wedding ring buyers. The most bought engagement rings still remain the round cut. The halo is also increasing with time.
As it is rightly said that the wedding rings are not only about the stone but also about the metal you choose. The most popular and in-demand metal is white gold with an early 54 percent of buyers. The second most popular one was rose gold and nearly 14 percent of the couples opted for gis shimmery metal.
The budget of the wedding rings
Thor no hard and fast rule as such that this much amount should be spent in the wedding rings. It typically depends on the budget and the choice of the buyers. The best way to avoid overspending on the wedding rings is to set a budget and then look accordingly for the rings around. Nearly 80 percent of buyers have their budget set prior to buying the rings. And nearly 70 percent of the buyers bought the ring within the budget whereas 13 percent of them went over the board from their set budget.
As women are also independent and working these days rather than the traditional ways these days they too contribute in their wedding rings for their significant half rather than depending on their families. Nearly 3 percent of the couples took money for their wedding rings from their parents according to a study.
Apart from the cost the insurance of the ring also played a significant role. The cost of insurance of the ring should also be taken into account before making a purchase and setting the budget. 3 out of 4 couples tend to go for ring insurance for all possible obvious reasons as it is a one-time investment that is of high value and also of value. So one should always go for ring insurance also.
While many people tend to opt for wedding rings, wedding bands are also becoming a popular choice and alternative for them. The most popular material for wedding bands for women in white gold and tungsten for men. The cost of wedding bands for men is less as compared to that of women. The average cost of wedding bands for women is 1100 dollars and that for men is 510 dollars respectively.
From where are buyers buying the rings, online or offline?
As in with the changing trends people tend to buy their clothes, food, accessories, and various other goods online but the studies show that when it comes to wedding rings they mostly prefer to buy them offline. As in it’s a one-time investment for life and they tend to prefer going out the sleeves and looking for the best ring for their partner for their special day.
How much to spend?
Everybody is aware of the cliche one month’s salary rule which says you should spend one month’s gross income on a wedding ring. But not all know that it was just a mere promotional strategy set by the diamond marketers in order to increase and improve their sales around the start of World War II.
With time this notion grew to two and even three month’s salary. It’s highly unrealistic also because it considers gross income rather than the net and does not look at the debt load which is possessed by quite a few people these days. Despite the fact what the advertisements show one should always feel free to ignore and get out of this outdated rule.
The various factors to be taken into account are:
Financial Situation: One should always keep in mind their current financial situation and the allowance of pocket before making purchases for the rings. As in, it should not be the case that after marriage you are paying the loans and EMI’s for years to come just for that one day of your life. After all, it’s love that matters at the end of the day.
Partner’s Expectations: You should also take into consideration the taste and choice of your partner as they are the ones who will be wearing them and thus their preference matters.
Meaningfulness of Ring: You can go for personalized rings with diamonds or solitaire. One can also add the zodiac styles or the birthstones in order to add a unique and special touch to your special day.
The Best Ways to Save Money on a Wedding Ring
Shop online: Shopping online not only helps us to save a few extra bucks but also to make a personalized ring for your partner which as such will make them feel special on the same budget.
Skip the solitaire: in the case of going for a big diamond, one can opt for several small diamonds rather than a solitaire. This is the best way to save a few extra bucks rather than spending a lot of your hard-earned money. The halo ring is very much trending and in demand these days as it makes even a small center diamond look big and spectacular.
Alternativesfor the traditional white diamonds
In order to reduce the cost of the rings, one can opt for less carat weight and the cut quality can be adjusted accordingly. You can go for offbeat colors which will decrease the price of the ring. In place of the traditional white diamonds, you can go for the other diamonds after all diamonds are diamonds the one such example is that of the salt and pepper diamond wedding rings.
They contain a certain level of inclusions which make them unique as no two of them will be the same. These diamonds for sure are the future and will be very much in demand in the years to come by. As in many brides, these days do not want to go by the trends and rather set trends as it is rightly said don’t be a trend follower but instead be a trendsetter.
Many couples are choosing symbolism in their engagement rings and the salt and pepper diamond rings also add that personal touch to them. Their imperfections are the ones that add to the beauty and make them unique just as the love of each and every individual is “imperfectly perfect” in their own way.
The other is the rustic diamonds as the name itself suggests, the rustic diamonds are the ones whose design is rustic. That is they have a lot of inclusions in them. Inclusions are certain imperfections on the internal and external of the diamond which is formed due to extreme conditions of temperature and pressure. These blemishes of these diamonds as such make them unique and desirable these days with the change in trends worldwide. They are also called untouched diamonds and the term rustic in the case of these diamonds refers to their originality. This makes them look natural and unique in their own way. It is also a fact that no diamond is free of inclusions and they are present varying in degree and range and also that many jewelers haven’t even seen an inclusion-free diamond in their lifetime.
You can also opt for the uncut diamonds which are also named raw or rough, consisting of an unpolished and unshaped stone. They are found in various different sizes and can even be grown in labs by certain procedures but mostly are mined naturally. The cost of these diamonds is quite less as compared to the other cut diamonds.
The rough diamonds do not sparkle and shine and are oily in appearance with their resemblance to lumps of glass with pale color. Also, it is quite a fact that very few raw diamonds are actually of good gem quality. Most of them fail the diamond tests but only the ones which are colorless or are pale in color end up passing the tests.
The lab-grown diamonds can also be a good alternative to save a few bucks. These diamonds are the future and are revolutionary because of their pocket-friendliness, sustainability and are also conflict-free in nature. They have the same clarity, color, and composition as compared to the natural ones and are also nearly 50 percent less in cost thus making us save a few bucks which can be saved and unvested upon for future use.
Rings are one of the best worldwide gestures to show our love and affection to our partner. Then shouldn’t they be as unique and classy as our love for our partner? There are a wide range of variety and unique rings out there and are a perfect alternative for the offbeat white diamonds. They are stunning and beautiful in their own way and the brides who choose to go for them on their special day make all heads turn towards them as these rings are beautifully peculiar and exclusive just as the bride wearing them.
How Much Wedding Ring Should Cost?
Rings are the best way to show love and affection to your partner. The same holds true for wedding rings. They are a formal agreement within the couples with a promise of future marriage. But decide which ring to buy to take your commitment to a next level can be a heck of a task at times.
The ring should be as special and unique as your love and your wedding day after all this day comes once in our lives and so should be cherished and made sure that the sweet memories last forever just like your wedding ring. There are various factors that should be taken into account while buying the perfect ring for your perfect day.
The average cost of wedding rings?
Diamonds over the years have been the popular choice for wedding rings and have been a significant investment after all it’s for that one special day. According to various researches that have been carried out over the years the average cost of an ideal wedding ring is about 5900 US dollars. However, it remains a personal choice and tastes how much to spend on a wedding ring. Many couples even spend more than this average cost and the others less than this.
This makes no difference in their special day as diamond wedding rings are available in a variety of shapes, designs, and budgets so one can choose accordingly. Studies further suggest that one-third of the buyers spend between 1000 dollars to 3000 dollars on their wedding rings whereas nearly 10 percent of the total shoppers even tend to buy rings under 1000 dollars.
The cost of the wedding rings depends on various factors mostly the 4 C’s that is the carat, cut, clarity, and color. The region also plays an important role as in some places people tend to spend lavishly on wedding rings. In the mid-Atlantic, the average cost is 7500 dollars and in England, it ranges about 6900 dollars. The lowest average is that of the Midwest which is about 5300 dollars.
Also Read: Top 10 Small Diamond Ring Styles For Petite Hands
The popular types of wedding rings
With the change in trends over the years many couples are opting for new rings and designs and mostly the customized ones to be precise 85 percent and nearly 45 percent among them chose to go for custom designs to add a personal touch on their wedding day.
Diamonds are the best and popular choice traditionally and currently also even though the emeralds and sapphires gave a historical significance. But the couples are preferring diamonds for their special day nearly 83 percent of the couples go for diamonds as the central stone in their wedding rings due to various features and designs of the diamonds.
But still, unconventional stones are a popular choice for certain couples. Those who want to stand out and do not go by the traditional norms of society tend to opt for them. The demand and popularity of Moissanite have doubled from the year 2017 thus depicting the changing trends and choices. The carat weight also has a significant role in the deciding of the rings and mossy it lies between 1 to 2 cars for barely 50 percent of the wedding ring buyers. The most bought engagement rings still remain the round cut. The halo is also increasing with time.
As it is rightly said that the wedding rings are not only about the stone but also about the metal you choose. The most popular and in-demand metal is white gold with an early 54 percent of buyers. The second most popular one was rose gold and nearly 14 percent of the couples opted for gis shimmery metal.
The budget of the wedding rings
Thor no hard and fast rule as such that this much amount should be spent in the wedding rings. It typically depends on the budget and the choice of the buyers. The best way to avoid overspending on the wedding rings is to set a budget and then look accordingly for the rings around. Nearly 80 percent of buyers have their budget set prior to buying the rings. And nearly 70 percent of the buyers bought the ring within the budget whereas 13 percent of them went over the board from their set budget.
As women are also independent and working these days rather than the traditional ways these days they too contribute in their wedding rings for their significant half rather than depending on their families. Nearly 3 percent of the couples took money for their wedding rings from their parents according to a study.
Apart from the cost the insurance of the ring also played a significant role. The cost of insurance of the ring should also be taken into account before making a purchase and setting the budget. 3 out of 4 couples tend to go for ring insurance for all possible obvious reasons as it is a one-time investment that is of high value and also of value. So one should always go for ring insurance also.
Also Read: The Ultimate Guide For Diamond Engagement Ring Setting
The Cost of Wedding Bands
While many people tend to opt for wedding rings, wedding bands are also becoming a popular choice and alternative for them. The most popular material for wedding bands for women in white gold and tungsten for men. The cost of wedding bands for men is less as compared to that of women. The average cost of wedding bands for women is 1100 dollars and that for men is 510 dollars respectively.
From where are buyers buying the rings, online or offline?
As in with the changing trends people tend to buy their clothes, food, accessories, and various other goods online but the studies show that when it comes to wedding rings they mostly prefer to buy them offline. As in it’s a one-time investment for life and they tend to prefer going out the sleeves and looking for the best ring for their partner for their special day.
How much to spend?
Everybody is aware of the cliche one month’s salary rule which says you should spend one month’s gross income on a wedding ring. But not all know that it was just a mere promotional strategy set by the diamond marketers in order to increase and improve their sales around the start of World War II.
With time this notion grew to two and even three month’s salary. It’s highly unrealistic also because it considers gross income rather than the net and does not look at the debt load which is possessed by quite a few people these days. Despite the fact what the advertisements show one should always feel free to ignore and get out of this outdated rule.
The various factors to be taken into account are:
Financial Situation: One should always keep in mind their current financial situation and the allowance of pocket before making purchases for the rings. As in, it should not be the case that after marriage you are paying the loans and EMI’s for years to come just for that one day of your life. After all, it’s love that matters at the end of the day.
Partner’s Expectations: You should also take into consideration the taste and choice of your partner as they are the ones who will be wearing them and thus their preference matters.
Meaningfulness of Ring: You can go for personalized rings with diamonds or solitaire. One can also add the zodiac styles or the birthstones in order to add a unique and special touch to your special day.
The Best Ways to Save Money on a Wedding Ring
Shop online: Shopping online not only helps us to save a few extra bucks but also to make a personalized ring for your partner which as such will make them feel special on the same budget.
Skip the solitaire: in the case of going for a big diamond, one can opt for several small diamonds rather than a solitaire. This is the best way to save a few extra bucks rather than spending a lot of your hard-earned money. The halo ring is very much trending and in demand these days as it makes even a small center diamond look big and spectacular.
Alternatives for the traditional white diamonds
In order to reduce the cost of the rings, one can opt for less carat weight and the cut quality can be adjusted accordingly. You can go for offbeat colors which will decrease the price of the ring. In place of the traditional white diamonds, you can go for the other diamonds after all diamonds are diamonds the one such example is that of the salt and pepper diamond wedding rings.
They contain a certain level of inclusions which make them unique as no two of them will be the same. These diamonds for sure are the future and will be very much in demand in the years to come by. As in many brides, these days do not want to go by the trends and rather set trends as it is rightly said don’t be a trend follower but instead be a trendsetter.
Many couples are choosing symbolism in their engagement rings and the salt and pepper diamond rings also add that personal touch to them. Their imperfections are the ones that add to the beauty and make them unique just as the love of each and every individual is “imperfectly perfect” in their own way.
The other is the rustic diamonds as the name itself suggests, the rustic diamonds are the ones whose design is rustic. That is they have a lot of inclusions in them. Inclusions are certain imperfections on the internal and external of the diamond which is formed due to extreme conditions of temperature and pressure. These blemishes of these diamonds as such make them unique and desirable these days with the change in trends worldwide. They are also called untouched diamonds and the term rustic in the case of these diamonds refers to their originality. This makes them look natural and unique in their own way. It is also a fact that no diamond is free of inclusions and they are present varying in degree and range and also that many jewelers haven’t even seen an inclusion-free diamond in their lifetime.
You can also opt for the uncut diamonds which are also named raw or rough, consisting of an unpolished and unshaped stone. They are found in various different sizes and can even be grown in labs by certain procedures but mostly are mined naturally. The cost of these diamonds is quite less as compared to the other cut diamonds.
The rough diamonds do not sparkle and shine and are oily in appearance with their resemblance to lumps of glass with pale color. Also, it is quite a fact that very few raw diamonds are actually of good gem quality. Most of them fail the diamond tests but only the ones which are colorless or are pale in color end up passing the tests.
The lab-grown diamonds can also be a good alternative to save a few bucks. These diamonds are the future and are revolutionary because of their pocket-friendliness, sustainability and are also conflict-free in nature. They have the same clarity, color, and composition as compared to the natural ones and are also nearly 50 percent less in cost thus making us save a few bucks which can be saved and unvested upon for future use.
Also Read: The Best Male Wedding Ring
Conclusion Thoughts
Rings are one of the best worldwide gestures to show our love and affection to our partner. Then shouldn’t they be as unique and classy as our love for our partner? There are a wide range of variety and unique rings out there and are a perfect alternative for the offbeat white diamonds. They are stunning and beautiful in their own way and the brides who choose to go for them on their special day make all heads turn towards them as these rings are beautifully peculiar and exclusive just as the bride wearing them.
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