How much should you spend on a wedding ring?

Everyone wants their wedding day to be wonderful, grand and well organized, but managing the budget properly requires a lot of attention. A wedding ring is something that takes up a very small percentage of the total wedding budget, but it is a lifetime investment. Therefore, a reasonable and appropriate decision should be made.

Planning your dream wedding can be a little expensive, but how much should you spend on your big day? How much should you spend on a wedding ring, decorations and food? The answer may vary depending on your idea of a perfect marriage and your finances.

Although there are no hard and fast rules for choosing a wedding ring, on average couples spend 3-5% of their total budget on it. The final decision is up to the couple if they are willing to forgo an extra dessert from the menu and spend 6% on fancy wedding rings. For some couples, making these decisions can be stressful, so they choose to avoid all the complicated tasks by hiring event planners. However, others prefer to be fully involved and take care of every aspect of the wedding themselves, including wedding dresses, accessories, venue, catering, photography, wedding bands, decorations, etc. However, no matter how helpful your wedding coordinator is, there’s one thing you can’t trust everyone with, and that’s wedding bands. It symbolizes your commitment that will be remembered for a lifetime, so it should be extraordinary.

As the wedding day approaches, anxiety begins to rise. So it’s best to do all your wedding shopping and planning a few weeks before the actual event. Choosing wedding rings is one of those things that you and your partner should be equally excited about as the day approaches.

But you may be troubled by the discomfort of tradition and trend when there are many common myths and legends about wedding rings, their style, diamond size or even material. For example, some people believe that itching on the ring finger can mean bad luck, or that a tight wedding ring indicates a suffocating relationship. Before you start shopping for wedding rings, let’s dispel some myths and how to avoid them altogether for a better choice and a happy, healthy marriage.

 Common myths about wedding bands

You can’t find a great ring for a reasonable price

The common belief that a beautiful wedding ring will cost you at least three salaries is complete nonsense. The price of a wedding ring usually depends on several factors, including the type of material, polish, pattern, carats, color, and of course, weight.

 Men’s rings cannot become this

There is a common belief that a man’s wedding ring options are limited and he should wear a simple gold wedding band or one that has some design elements. This is already old news – black diamond rings or black rings with touches of white, yellow or rose gold are the new modern trend. Wide rings are becoming increasingly popular because they allow for intricate designs and the use of diamonds. Metals like tungsten, ceramic and cobalt are new popular trends now and the combination of gold makes these rings unique in every way.

It is unacceptable for a man to wear a diamond wedding ring

Another legend has been destroyed over the years. More and more men are now wearing quite a lot of jewelry or diamond rings. New designs that use black diamonds and black ceramic like the MJK allow you to create a very modern and sporty black wedding ring that everyone is looking for.

A woman’s wedding ring should be very delicate and elegant

Style evolves every few years and more and more women are wearing bigger watches and bigger rings to match their elegant style.

How much should you spend on a wedding ring?

On an average, a couple spends Rs 3 to 6 lakh on wedding rings, depending on finger size, color choice and diamond size. Although there is no price limit, you may still find yourself and your partner concerned about choosing the best option. So it’s best to explore your options, do your research and compare prices.

Wedding rings today range in price from $200 to $2,000 and up, depending on the metal, set design, and where the ring is purchased. The real cost is actually the engagement ring. In comparison, wedding rings are a bit cheaper, and we think paying over $3,500 for a wedding band is a little steep.  

How to reduce costs?

There is no shortcut to happiness, and there is certainly no substitute for a great men’s wedding ring. However, there may be one or two methods that can help you save a huge amount of money while shopping. Knowing your preferences and walking into a jewelry store with little information about your options can help create an intimidating impression on the person on the other side of the counter.

You can also consider the following ideas for affordable and amazing purchases;

1. Reduce or remove diamonds from the ring and choose a simple yet elegant men’s wedding band.
2. You can choose your dream ring from 10, 14 or 18 carat options.
3. The most common width of men’s wedding rings is 7 mm. However, even 6mm would make a stunning statement.
4. Reduce the weight of the ring to make it more budget friendly. Men’s belts usually weigh 9 grams, but you can reduce it to 4 or 5 grams.
5. For modern men, gold is not the only option. Change the precious metal material to silver for a cost-effective yet elegant choice of wedding ring.

 Some of these rings cannot be customized for a specific style or design. And others, you may not want to modify because wedding rings of any material, size or weight can lose their original charm if damaged.

 Affordable wedding bands

Whether you want a simple ring or love the idea of a fancy diamond ring, we always have great options to choose from. Let’s take a look at some beautiful wedding rings that will take your breath away and create magic.

Polished diamond wedding rings for men

Your dream band with a royal look that fits in your pocket. Crafted from 10k white gold tungsten and brilliant diamonds, creating an almost luminous effect. Priced at $1,220, this Madan ring piece is a luxurious and contemporary statement of masculinity and elegance. This simple delicate jewelry design is perfect for everyday wear.

 Cut Diamond Wedding Rings for Men and Women

Nothing screams couple gates louder than matching wedding bands. This simple, modern design wedding ring offers a very sophisticated appeal for him and her. If you’re into diamonds but want to keep them affordable and budget-friendly, then cobalt yellow gold is your choice for just $1,170. This two-tone beveled wedding ring allows you to preserve your beauty and create a uniquely elegant look with the love of your life.

Men’s Polished Carbon Fiber Tungsten Wedding Ring

If you’re considering ditching diamonds altogether, this carbon fiber wedding band, with its signature style and texture, could be a total hit at $200. You need a strong, undeniable aesthetic that symbolizes your commitment and compassion. This charm is the best alternative accessory to a very fancy wedding ring.

Closing note

After all the worry and shopping for a wedding, take the time to choose your wedding rings thoughtfully. Make the right decision because it will always stay with you and you will remember it for the rest of your life.

Determine your total wedding budget and spend 3-6% on wedding rings. Finding your dream rings within this budget can be difficult, but the best way is to browse through hundreds of stores, compare prices, and make your purchase decision based on that. A diamond wedding ring or a simple elegant engraved ring will be worth every penny if purchased with love, consideration and compassion and following  tips at how much is an average wedding ringandbe right cost of wedding ring.