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 How much do you spend on an engagement ring?


In this season, it is very common for couples to decide to take their relationship to the next level, which means thinking about an engagement ring and a wedding ring. However, one question every couple should ask themselves first is: How much should they spend on an engagement ring?

Buying an engagement ring is a two-person job. While it is essential to be prepared for the stressful experience, it is important to remember certain details that will make you think about engagement ring prices in Canada. Want to know them? Read on!

How much to spend on an engagement ring?

According to Weddingstats.org, the average price of an engagement ring in Canada is $3,500. On the other hand, The Knot 2021 Jewelry and Engagement Study mentions that the current cost is $6,000. 

To know how much to really spend, it is important that you take into account some factors:

  • The financial situation. For this, you have to think about your financial possibilities. It would not be nice for your pocket if you add extra debts or start one for a ring. Forget about the “spend three months’ salary” rule. It is better to visualize your current income to have a reasonable budget. 
  • Your partner’s tastes. The engagement ring is the piece of jewelry that will accompany the bride to the altar; therefore, it is important that you know in detail the expectations she has of her perfect engagement ring.

That said, engagement ring prices in Canada vary according to style, diamond, material or cut. Therefore, the expense of the ring depends entirely on what you can afford, adjusting to the tastes of your partner. Just as you can find rings with high prices, you can also get quality cheap engagement rings.  

How to buy an engagement ring

One way to make a necessary expenditure on an engagement ring is to know how to buy one. Previously, we talked about the average engagement ring price in Canada and how much to spend on one. But in this section, we want you to know some essential tips on how to buy an engagement ring and make a good investment. Take note!

1- Ring style

Ring style

Engagement rings are often considered timeless classic symbols of love. However, your partner may have an existing jewelry style and would prefer a ring that matches that. In other words, think about the jewelry collection she has, whether it is vintage, modern or more classic.

By taking individual style into account, you will be able to find an adaptable ring style. If you want something elegant, try this Claddagh Engagement Ring or a more vintage feel with this Classic Engagement Ring. Remember to gather all the information you need to make a good choice.

2- Choose the stone

Choose the stone

The hardest part of buying an engagement ring is selecting the stone. There are many factors to consider when choosing a stone for your partner. The 4 C’s (color, clarity, cut and carat) are the main determinants of price.

Many may feel that spending too much money on a diamond is an accomplishment in compromise. However, you don’t need to stress about getting an exclusive diamond (especially if your budget is limited). 

Nowadays, there are several online retail stores, which have a wide collection of rings. That means you can choose the price of the diamond ring in Canada that best suits your budget and your partner. 

3- Think about the metal 

When choosing an engagement ring, consider the metal. Currently, the most common metals are: gold and silver. If you feel that gold will highlight your partner’s style, then try this Laura Engagement Ring. On the other hand, if you feel that silver looks better with your skin tone then choose it! 

4- Opt for online retailers.

While physical jewelry stores have a good inventory of quality accessories, online sellers are getting better recognition within the industry.

This is because of their confidence and price convenience in engagement rings.

Both wedding and engagement ring prices have better value. So, if you want a quality ring at an affordable price, then opt for the best reputed online suppliers in Canada. 

Want to get cheap engagement rings in Canada?

Now that you know how much to spend on an engagement ring and some useful tips, what are you waiting for to take the next step in your relationship? At Treasure CA, we have a wide collection of engagement rings at pocket-friendly prices.If you are interested in learning about our products, then follow us on our social media or email us at: mailto:Treasure.ca@treasureca.com. We always bring quality to all our customers, so look amazing at your dream wedding with Treasure CA jewelry!