An engagement ring is a special gift that you only receive once in your lifetime. When purchasing one, many people worry about how much they should budget for it. In this article, we will explain in detail the average budget for an engagement ring and the key points for setting a budget.
-
What is the average budget for an engagement ring?
Knowing the average budget for an engagement ring can help you imagine the price range that's right for you. Check out the data below for reference.
・Average budget in Japan
According to wedding magazines and surveys, the average budget for an engagement ring is generally around 450,000 yen. In the past, the standard for an engagement ring was often "three months' salary," but that is no longer the case. Some people choose rings in the 200,000 yen range, while some couples purchase expensive rings for over 500,000 yen. This tends to vary depending on the region, age group, and the couple's values.
The average budget should be used as a reference only, and ultimately it is important to make a choice that suits your values and situation.
-
Factors that determine the price of an engagement ring
The price of an engagement ring can vary widely depending on a number of factors.
Please understand the following points:
2.1 How the 4Cs of Diamonds Affect Price
Diamonds, the centerpiece of an engagement ring, are evaluated according to the 4Cs (carat, color, clarity, and cut) .
- Carat (size)
This indicates the weight of the diamond. The larger it is, the rarer it is, and the higher the price. Most engagement rings are between 0.3 and 0.5 carats, but the trend is for larger diamonds of 1 carat or more .
- Color (hue)
This indicates the transparency of the diamond. The highest rank "D color" is colorless and transparent and very valuable, but "G color" is also beautiful and has excellent cost performance.
- Clarity
We evaluate whether there are internal or surface scratches. If it is "VS class" or above, the scratches are almost invisible to the naked eye.
- Cut (Perfection of cut)
An important factor in determining the brilliance of a diamond. In particular, an "Excellent" cut allows you to enjoy beautiful light reflection.
2.2 Design and brand
Although high-end brand rings incur a brand fee, they are popular among people who value name recognition and design. On the other hand, no-brand and online jewelry stores often offer lower costs for the same quality.
・Material (platinum or gold) The material of the engagement ring setting also influences the price. Platinum tends to be more expensive than gold, but is often chosen for its durability and shine. Gold (especially yellow gold and rose gold) gives a unique and warm impression.
-
Tips for setting a budget: How to choose without regrets
Finally, here are some tips to consider when setting your budget for an engagement ring.
・Research her preferences
Find out in advance what designs and brands she likes, the size of the diamond she wants, etc. This will help you set a budget. It's also a good idea to ask for advice from friends and family.
・Consider life events
It is important to create an overall budget that includes the cost of your wedding and your new life. Don't put all your energy into the engagement ring and end up being too restrictive on other events.
- Quality-first purchase "I value the quality of the diamonds." "I want to add a touch of glamour with a large diamond."
"Value for money over brand name"
It will be easier to choose if you clarify what your priorities are.
We recommend that you check the after-sales service before purchasing.
・Customization reduces costs
With custom-made or semi-custom-made products, you can choose the design you like and adjust it to fit your budget. Compared to ready-made products from brands, you have more freedom and it feels more special.
・Comparison with lab-grown diamonds
Do n't stick to natural diamonds, but also consider "lab-grown diamonds." You should be able to get diamonds of a quality and size that would be out of reach with natural diamonds, all within your budget!
summary
The average budget for an engagement ring is roughly 300,000 to 400,000 yen, but it's important to be flexible and adjust it to suit the couple's values and lifestyle. It's important to set a budget that balances the overall budget while considering the 4Cs of diamonds, material selection, and design priorities. Lastly, it's important to choose a ring that expresses your feelings for your partner. We hope you'll find a special piece.
