How Much Should You Spend on an Engagement Ring in the UK in 2025?

One of the most frequent questions we receive at Nnamdi the Jeweller is: “How much should I really spend on an engagement ring?”

The outdated “two or three months’ salary” rule is still widely quoted, but it originated as a 1940s marketing campaign and bears little relation to modern British finances or values. In 2025, the average amount spent on an engagement ring in the UK ranges from £2,500 to £7,500, according to recent data from Hitched and The Wedding Report (UK). However, the “right” amount is deeply personal.

Key factors to consider in 2025:

•  Your combined financial situation and future goals (deposit for a house, wedding costs, or starting a family)

•  Your partner’s expectations and lifestyle – some prefer a modest ring and a larger honeymoon, others value a statement diamond

•  Current diamond and gold prices – natural diamond prices remain stable, while lab-grown diamonds continue to offer 40–60% savings for identical appearance and quality

•  Whether you choose a bespoke design (popular with our London clients) or a ready-to-wear piece

At Nnamdi, approximately 35% of our clients spend under £4,000, 45% between £4,000 and £9,000, and 20% above £9,000. Many achieve a larger or higher-quality stone by opting for a thoughtfully designed setting or a responsibly sourced lab-grown diamond without compromising on beauty or ethics.

Ultimately, the most meaningful ring is one purchased with confidence and love, not financial strain. We offer flexible payment plans and transparent pricing so you can select the perfect ring that feels right for both your heart and your budget.

Book a private consultation in our Hatton Garden or start the conversation virtually – we are here to guide you without pressure.