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Wedding rings and engagement rings vary in price and is heavily dependent on the diamond that you purchase. Average bands/settings (which only include the gold/silver/platinum), usually cost around $1500. Research the cut, clarity, colour and carat diamond that you want and ask your local jeweller for a range of what diamonds could cost based on that. Put those two amounts together and it will give you what your ring will cost.

In the UK wedding or engagement rings can cost as little as £50 to upwards of £20,000. Ultimately your budget, be it finance or cash will be the determining factor as to how much the ring will cost.

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