Engagement rings are a symbol of love and commitment, and they are often considered a significant financial investment. But why are engagement rings expensive?

There are a few factors that contribute to the cost of an engagement ring:

The material: Diamonds and other precious stones are the most common choice for engagement rings, and these materials can be expensive. Diamonds, in particular, are valued for their rarity and the time and effort that goes into mining and cutting them. 

The quality: The quality of a diamond or other precious stone is evaluated based on the "four Cs" - cut, clarity, colour, and carat weight. The higher the quality of the stone, the more expensive the ring will be.

The design and craftsmanship: The design and craftsmanship of an engagement ring also play a role in its cost. Rings with intricate or custom designs will be more expensive than simpler, more classic styles. 

The brand: Some jewellery brands are known for their luxury status and charge a premium for their products. 

With all of that said, it’s important to note that there is no set rule for how much an engagement ring should cost. The cost of an engagement ring will depend on your personal budget and priorities, and what you are comfortable spending. It's important to do your research and consider all of the factors that go into the cost of an engagement ring before making a purchase.

February 28, 2023 — Jana Neill