Average Engagement Ring Prices by County: 

Cork

• Cork: €3,610 - Cork couples favour the classic Round Brilliant cut set in traditional 18ct Yellow Gold

  Classic round wedding ring.

Wicklow

• Wicklow: €3,550 - The elegant Oval cut in Platinum is the choice du jour in Wicklow.

  Oval diamond wedding ring diamond band.

Mayo

• Mayo: €3,530 - Emerald cut in White Gold captures the hearts of Mayo’s wedding romantics.

  3-stone emerald and pear-cut wedding ring

Dublin

• Dublin: €4,450 - Dubliners prefer the timeless appeal of Round Brilliant cut in 18ct Yellow Gold.

  Slim band round wedding ring

Wexford

• Wexford: €3,260 - Wexford leans towards the modern Oval cut set in Platinum.

  Oval 3-stone diamond wedding ring

Waterford

• Waterford: €3,450 - A preference for Round Brilliant cut in White Gold shines in Waterford.

  Diamond wedding ring white gold twist band.

Kildare

• Kildare: €3,050 - Kildare’s choice is the lustrous Emerald cut in 18ct Yellow Gold.

  Emerald cut diamond wedding ring.

Kilkenny

• Kilkenny: €3,030 - The Oval cut in Platinum is the top pick in Kilkenny.

  Oval wedding ring hidden halo.

Meath

• Meath:€2,990 - Meath shows a penchant for Round Brilliant cut in White Gold.

  Round halo-style wedding ring.

Galway

• Galway: €2,910 - Galway adores the Emerald cut set in 18ct Yellow Gold.

  Emerald cut diamond wedding ring with diamond band.

Donegal

• Donegal: €2,650 - In Donegal, couples prefer the Oval cut, elegantly paired with 18ct Yellow Gold.

  Oval diamond wedding ring

Limerick

• Limerick: €2,800 - Limerick's preference leans towards the classic wedding Round Brilliant cut in Platinum.

  6 claw diamond wedding ring.

Offaly

• Offaly: €2,750 - In Offaly, the Oval cut in 18ct Yellow Gold is particularly popular.

  Oval diamond wedding ring gold

Carlow

• Carlow: €2,670 - Carlow’s choice is the sophisticated Round cut in Platinum.

  Modern average 3-stone diamond wedding ring

Clare

• Clare: €2,880 - Clare couples are drawn to the Oval cut, beautifully set in 18ct Yellow Gold.

  Oval diamond wedding ring with small pear-cut shoulder stones.

The “Three Months’ Salary” Rule: Myth or Reality?

The "Three Months' Salary" rule is a well-known guideline for figuring out how much to spend on an engagement ring. It started from a marketing campaign by De Beers in the 1980s. This rule suggests that the right budget for an engagement ring should be about three months' worth of the buyer's salary. However, many average couples today question whether this guideline still makes sense.

In reality, whether this rule is appropriate depends a lot on personal situations. Things like individual finances, the nature of the relationship, and cultural factors are important in deciding what feels right for each couple. For some, following this rule might cause financial stress, while others may find it a useful guideline. Ultimately, the choice should be based on personal values and preferences rather than what society expects. This leads to the question: how much should an engagement ring cost?

Factors That Influence Engagement Ring Cost

When thinking about how much an average engagement ring should cost, several factors come into play:

• Material. The type of metal—platinum, gold (yellow, white, or rose), or silver—can greatly affect the cost. Platinum is usually the most expensive because it is rare and durable.
• Gemstone. Diamonds are the traditional choice, but their costs can vary a lot based on the 4 Cs: carat weight, cut, color, and clarity. Other gemstones like sapphires, emeralds, or moissanite can be beautiful alternatives at different costs.
• Design and Craftsmanship. Custom designs or detailed settings can raise costs. A simple solitaire setting is generally cheaper than a more complex design with multiple stones.
• Brand and Retailer. The reputation and brand of the retailer can also affect average costs. High-end jewelers may charge more for their name and service.
• Market Trends. Economic conditions and trends in the jewelry market can influence costs. Keeping up with current market conditions can help buyers make better choices.

How to Set Your Budget

Setting a budget for an engagement ring requires careful thought about your finances and personal priorities. Here are some steps to help you create a realistic budget:

Assess Your Finances

Look closely at your average income, savings, and any debts you have. Figure out how much you can comfortably spend without risking your financial stability.

Discuss with Your Partner

If you're in a serious relationship, think about talking to your partner about your budget. This conversation can help set expectations and ensure both people feel good about the spending.

Research

Take time to research different styles and materials to see what you can get within your budget. This knowledge will help you make informed choices.

Consider Financing Options

If you find a ring that is perfect for your partner but costs more than your budget, look into financing options that let you pay over time without taking on too much debt.

Be Flexible

Remember that the engagement ring is just an average part of your journey together. Being flexible with your budget can lead to more meaningful choices that reflect your relationship instead of societal pressures.

Alternatives to Traditional Engagement Ring

While traditional diamond engagement rings are popular, many couples are looking at other options that show their unique style and values:

• Non-Diamond Gemstones. Sapphires, rubies, and emeralds offer bright colors and can be more affordable than diamonds. They also have their own meanings and beauty.
• Vintage or Antique Rings. Choosing a vintage or antique ring can add character and history to your engagement. These rings often have unique designs that stand out from modern styles.
• Lab-Grown Diamonds. Lab-grown diamonds are chemically the same as natural diamonds but are usually cheaper and better for the environment.
• Custom Designs. Working with a jeweler to create a custom ring allows you to include personal touches that reflect your relationship, making it truly special, but not average.
• Alternative Materials. Think about rings made from alternative materials like wood, silicone, or even recycled metals for a more eco-friendly choice.

Trends in Diamond Shapes and Metals:

The survey indicates a strong leaning towards the Round Brilliant cut across several counties, affirming its status as the most popular average diamond shape in Ireland. The Oval and Emerald cuts are also gaining popularity, reflecting a blend of wedding tradition and contemporary tastes. When it comes to metal choices, 18ct Yellow Gold leads, with 71% opting for its timeless charm. Platinum, preferred by 22%, and 18ct White Gold follow closely, indicating diverse aesthetic wedding preferences across the country.

Buying Trends: Online Purchases vs Appointments:

Interestingly, while 77% of customers who are going to have their wedding still prefer having an appointment to select their engagement ring, a significant 23% are comfortable making this important purchase for the wedding directly online through mcguirediamonds.ie. This shift underscores the growing confidence in online shopping, even for such significant life events as engagements.

Our survey paints a vivid picture of the wedding ring landscape in Ireland including average cost, style, and preferences. We hope that our guide gave you the path for answering how much to spend on an engagement ring and what type to choose. From the bustling streets of Dublin to the scenic backdrop of Galway, the preferences in ring styles, cuts, and metals are as diverse as the counties themselves. At McGuire Diamonds, we celebrate this diversity and are committed to providing a range of choices to suit every style and budget for the wedding, whether you prefer the convenience of shopping online or the personal touch of an in-store appointment.