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This padlet would focus on wedding rings; things to look out for when purchasing a wedding ring  and the costs.
Wedding rings are just as important and precious as the wedding. It represents a symbol of commitment and love between two parties. Here, you would learn things to put into consideration to choose the perfect wedding ring for your special someone. Stay tuned!

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Do you have a wedding coming up or you're thinking of proposing to your partner? . Getting the perfect ring is paramount, the "perfect ring" depends on your partner's preferences and expectations. There are numerous factors to consider as far as cost goes  such as how much you earn, your monthly income and savings. If you can't afford a ring you think your partner would like right now, you can create an estimate of how much you can save if you cut of unnecessary spending and work towards it.
I chose this website because it had a lot of useful and realistic information backed up by facts. It also had a wedding ring estimate calculator which a lot of other websites don't have.

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Getting married to the love of your life is a dream you can't wait to live in reality. The exchange of rings seal this deal and remains a symbol of your love and status for always. Now, we know you want to get the best ring, so you must know the average price of a wedding ring.

wedding ring

This helps you know the factors to consider and where to buy, giving you value for your money. In this post, we've dropped a ring calculator to help ring cost estimates and tips on how to save money.

What Is The Average Price Of A Wedding Ring?

It's no news that engagement rings are pricier than wedding bands. But the wedding ring also packs some costs. In 2020, the average price of a wedding for women is $1,100 while it costs $510 for men. It's also observed women preferred white gold while men opted for tungsten metal wedding ring style.

How Much Does A Typical Engagement Ring Cost?

The 2020 jewelry and engagement study in the knot shows that the average price of a ring is $5,900. This is a country average as price varies by region. It is quite discovered that most couples spend between $1000 to $3000 on an engagement ring. With some spending even below $1000.

$5900 which is the average cost for a ring in 2019 is about 20.5% lesser than the 2018 average price which was $7,829. In 2017, the average cost of an engagement ring stayed at $5000 which is less than both 2018 and 2019 costs combined. These prices are well influenced by regions, personalities, financial strength, and styles of couples.

Engagement Rings Calculator

Estimating the average cost of a wedding ring is easy and quick with a ring calculator. First, choose a price range. Then choose the clarity, cut, carat, and color of your stone. Next pick the metal and style, then submit. The calculator will show you a likely design and estimated ring cost.

How Much Should A Guy Spend On A Wedding Ring?

According to the rule of thumb, a man will spend his two months' pay on a ring. Now if the pay is meager, then it makes sense. But in the reverse, that may be an extravagance he can't deal with. So, we dump that idea.

Base your spending on two factors which are your financial capacity and the expectation of your girl.

Now, considering your financial strength, you must put your income into consideration.

How much do you earn?

Then how much basic expenses do you make per month?

After that, how much can you afford to save after cutting out frivolity?

This is how you should see it because it doesn't make sense to get into debt over a ring.

Secondly, your girl dreamed all her life about when you'd pop the question and how her ring would look. It'd be disappointing to see something way below expectations. Again, she's wearing that ring for most of her life, so it should be something she can show off.

Lastly, the ring is a proclamation of your love, it must be worth something. Create a balance between your cash and her expectations. Don't get into debt or ruin your future for rings.

Where To Buy Wedding Rings

With the average cost of a wedding band established, we should be aware that ring size influences the cost. As such, it's advisable to build your own rings or buy them online. Most jewelers online have options for free delivery. They also allow customization and are much more affordable as compared to offline stores.

James Allen is a perfect jeweler shop to buy wedding rings online. Famed for his very affordable pieces and prompt delivery, you'll find the rarest and most authentic pieces. James Allen rings are fully customizable and low cost. Buyers get the opportunity to design rings for their partners without the burden of financial stress.

For the best cut diamonds, check out White Flash. We are quite hooked! White Flash carries the most beautiful of them all with cuts so unique and versatile. Their expertise with precise diamond cuts and blending of styles makes them the favorite spot for diamonds.

The Blue Nile is another jeweler with a large array of rings. They have one of the biggest rings gallery leaving buyers left for choice. From antique to vintage, art deco to contemporary, minimalistic to modern, simple to extravagant. They carry the largest selection with divine styles to soothe every taste.

Tips On Saving Money On A Ring

You mustn't spend as much as we've predicted the average cost of a wedding ring to be. You can save up to 50% if you follow these tips.

1. Know your cuts, carat, clarity, and color before buying a ring. It helps you negotiate better.

2. Don't shop during Thanksgiving through Valentine. That's the peak season for rings and costs will spike.

3. If you can only afford a small stone, make it look bigger by using the halo style.

4. Stick with the best cut instead of fussing over color and clarity. Great cuts enhance the brilliance and hide the flaws of stones.

Who Has The Most Expensive Wedding Ring?

Diamonds are beautiful and some partners will spend a lump sum to get only the best. Topping our list is...

1. Elizabeth Taylor with the 33.19k Asscher cut Krupp llA certified diamond valued at $8.8m. It remains the costliest diamond in private ownership.

2. Beyoncé takes this spot with her flawless octagon cut 18k diamond set in platinum and valued at $5.5m.

3. Parish Hilton shows up with a $4.7m 24k solitaire diamond flanked by two large diamonds.

4. For Grace Kelly, it's a 10.4k emerald cut flanked by two baguette diamonds valued at $4.6m.

5. Jennifer Lopez gets this one with a $4m light blue diamond.

With all said about the average price of a wedding ring, you deserve the best. But at the end of the day, the amount you spend on a ring is very personal to everyone involved. Having thoroughly checked out how much you're willing to fork out and how your partner feels about it. You're sure to make the best decisions leaving everyone happy. But remember, never get into debt or put your future on hold over getting a ring.

How much you spend on a ring is a very personal choice. To make sure everyone is happy, it's best to get expectations lined up. Have an open and honest conversation about the engagement ring cost.

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The Average Price Of Wedding Ring: How Much Should You Spend?

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Getting married to the love of your life is a dream you can't wait to live in reality. The exchange of rings seal this deal and remains a symbol of your love and status for always. Now, we know you want to get the best ring, so you must know the average price of a wedding ring.

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Various things influence the cost of a wedding ring like ring width, absence or presence of precious metals and placement of precious metals. Women's wedding rings typically costs more than men's because women are more likely to want or prefer precious metals like diamonds on their rings compared to men whose ring designs are more simple.
This website evaluates and breaks down cost factors that influence the price of wedding rings: making it cheaper or expensive. I found all the information in this website very useful but the thing that stood out for me most was that Ring width affects price of a wedding ring.

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Finding the perfect ring

The wedding day is not a small occasion, and people look to purchase a ring that would be suitable for the occasion and would not fail to bring a smile on the face of their significant other. Being economical is good, but it should also be ensured that one does not adopt a miserly approach to the task. Adequate research regarding the options you have can prove to be beneficial.

If you want information regarding the average cost of a wedding ring, the simplest answer is that it depends on you and what you are looking for. Various factors influence the price of the ring, some of which we are going to discuss now.

The average cost of a wedding ring

One good thing about wedding rings is that there is no dearth of options. You will find plenty of options to choose from, ensuring that you will find something that not only is according to your taste but falls within your budget as well.
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Some common questions tend to swarm everyone's minds when they think of purchasing a wedding ring. What is the price difference between a wedding ring for men and women and do both rings cost the same? How much do different elements influence the price of the wedding rings? Should the wedding ring be similar to the engagement ring? These are some questions that spring to mind.

It is seen that an average of $1,417 is spent on a wedding ring for a woman, while a wedding ring for men costs around $558. Thus, most couples will spend nearly $2,000 on wedding rings. Different factors influence this price.

The metal that the wedding ring is constructed from is important. A ring manufactured using plain gold would be less expensive as compared to one that is made using platinum. Platinum rings are more expensive as compared to gold ones because platinum is denser, so more is required to make a ring. Furthermore, platinum rings usually consist of 95% pure platinum, while 14K gold only has 58.5% gold. Platinum rings are available for anywhere between $1,300 and $3,000. The cost of the ring will further increase if it contains diamond embellishments. One thing that you should keep in mind is that you will get what you pay for.
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In recent years, a rise in popularity has been witnessed in the tungsten wedding rings for men. These are considerably cheaper. However, the drawback they have is that no adjustments to size can be made and it cannot be repaired. The amount of metal in the ring is directly related to the cost of the ring. The higher the width of the ring, the more it's going to cost.

If you add diamonds to your wedding ring, the cost is going to increase. It is seen that these days, most brides prefer to have diamonds in their wedding rings. The price of the ring would depend on whether the ring is the classic 5-stone one or the eternity ring which features diamonds all the way around. Other influencing factors include the karat weight, quality, and amount of diamonds, among others.

If you want to match your wedding ring to your engagement ring, your choices would be somewhat limited, and the price of the ring would be in accordance with that. The budget might increase if you get a custom design of a ring made to match your engagement ring.

Another factor is whether you want your ring engraved or not. Some places engrave rings free of cost while others will charge you for the work.

An individual choice

At the end of the day, the amount that a wedding ring would cost depends on you entirely. You can seek input from others and get information about the average budget most people set for this purpose, but at the end of the day, it would come down to how much you are willing to spend. The kind of person your future wife is would also influence your decision. Many women do not like the idea of putting in too much money into a wedding ring, while others prefer a ring that breaks all barriers. Therefore, while setting a budget for the wedding ring, you should ensure that the decision is personal and has been taken after paying heed to all the relevant factors.
For Other Interesting Articles on Weddings, Check Out Our Weddings Category

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Finding the perfect ring The wedding day is not a small occasion, and people look to purchase a ring that would be suitable for the occasion and would not fail to bring a smile on the face of their significant other. Being economical is good, but it should also be ensured that one does not [...]

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This image supports the information stated in "Website #2" on things that influence wedding ring cost. Price increases as jewel value increases. Diamonds are the most expensive.

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This video talks about How much should be spent on a wedding ring. while that is not fixed and is very relative, you should buy a wedding ring that:
1. You can afford in the moment
2. That your partner loves and would still represent the commitment of your marriage many years to come.
3. You can realistically save for: It isn't a wise decision to go into debt to buy a wedding ring.

I chose this video because it was coming from two experienced individuals and also because the information was extremely realistic with good advice .Something I found useful in this video that I have not seen in any one so far was  "Point 2"

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How Much Should You Spend on a Wedding Ring?

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In this Video, "The Modest Man" talks about how to choose a wedding ring from various options for both men and women, looking at( Size, Type, Shape, e.t.c). platinum is what the typical male ring is made of but a Palladium ring is more affordable. Women rings have more jewelries on them but the cost depends on the type of jewel and how much of the jewel is on the ring. For Example, Rings with Diamonds are more expensive.
I chose this website because it was really detailed and evaluated different ranges of rings for both genders. Something I found useful in this video was that a palladium ring was more affordable than a platinum ring for men.

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How to Choose a Wedding Ring (Type, Size, Fit, Shape)

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It is Okay if you can't afford a ring you really want to get for your partner and you think they will want, Saving is an option!. This video discusses tips and how to save for a ring. Just like every other goal, your goal should be (Specific-Measurable-Achievable-Realistic-Timely). it is not advisable to borrow money to buy a ring.

I chose this video because it has very useful information on how to save for a wedding ring and what realistic saving goals for a ring looks like. Something I found useful in this video and that no other video I have seen so far was the cheat sheet with more information on tips to buying a ring.

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How to Save for an Engagement Ring According to a Financial Expert: Five Quick Tips

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This video talks about saving for a ring while in debt. If you're in debt, you should not be thinking of buying a very flashy ring. A decent ring would do, at least "for a while" if you ever decide to change it when you're more financially secure/stable. Like Dave Ramsey said, "there is no correlation between the size of the ring and the quality of the marriage".
I chose this video because it answered a very important question that I had not seen, based off someone's real-life experience and that is easy to connect to. Something I found useful in this video was spending no more than one month's salary on a ring, it is more financially convenient for the average person . Most websites and videos I have seen so far said "2-3months salary"

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This image shows tips to save money on a tight budget. It can be very useful/ put to use when saving for a ring or anything else.