The Diamond Pro

How much to spend on a Wedding Ring

By Michael Fried
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Somewhere in the planning process, you need to determine how much to spend on a wedding ring. As with every detail—from your venue to your flowers—you need to decide how much of your budget to spend. 

Review our guide to learn about the average cost of wedding rings and what to consider when buying a wedding ring. We’ll also provide inspiration with the best wedding bands for various wedding ring price ranges.

Average Cost of Wedding Bands in 2019 – Male and Female

In 2019, the average wedding ring cost for males was $510 and the average cost of a female wedding band was $1,100. According to the Brides’ American Wedding Study, wedding rings on average made up three percent of a couple’s wedding budget. Engagement rings made up 14 percent of the wedding budget.

How much should a wedding ring cost?

Wedding ring prices range from $180 to $2,000 and higher. The cost of wedding rings depends on the precious metal, the setting design, the number of diamonds and where you buy the rin. For example, this classic 14K white gold ring is $240 while this micro pave diamond ring costs $1,080.

14K WHITE GOLD MICRO PAVE DIAMOND WEDDING RING
Micro Pave Wedding Ring from James Allen

How much should you spend on a wedding ring?

How much you should spend on a wedding ring depends on a few factors, like your preferred setting style and wedding budget. Opt for a ring you’ll love wearing for years and that’s reasonable for your wallet. Here are 5 things to consider when buying a wedding band.

1. Rings that complement each other

Many couples want their rings coordinate so they look like a pair when side by side. For instance, you might both choose rose gold for your rings. Or you might opt for rings that feature similar designs, like this Princess Cut channel set for women, and this one for men.

Petite Micropavé and Classic Wedding Rings in 14K Yellow Gold
Petite Micropavé and Classic Wedding Rings in 14K Yellow Gold by Blue Nile

Blue Nile even offers couple rings that are designed to match each other.

Some couples, though, don’t care about coordinating with their spouses. They might have a white gold ring and a yellow gold ring that aren’t similar in design.

Talk with your spouse-to-be to determine if you want your rings to complement one another. This will help with choosing styles and determining the cost of your wedding rings.

2. Wedding bands that match the engagement ring

Because an engagement ring is usually picked out first, it’s important to find a wedding band that matches. For females, the cost of a wedding ring can be as high as $2,000 or more. Finding a wedding band that coordinates is time and money well-spent. 

For example, if your engagement ring is white gold, your band should be white gold as well. Consider the thickness of your band and ensure it doesn’t overpower your engagement ring. Choose a simple band without diamonds or include diamonds to add more brilliance. You can use tools like Blue Nile’s Wedding Ring Matcher to pair your engagement ring with the right wedding band.

Some people keep their engagement and wedding rings separate, while others solder the two together. The choice depends on your personal preference and how the rings fit together. Soldering them might prevent the rings from spinning and getting out of sync with one another.

3. Durability

Your wedding ring will be worn every day, so be sure it holds up. 14K and 18K gold and platinum are popular precious metals for wedding rings. 14K gold is the most durable and the least expensive. 18K gold has a higher percentage of gold in its mixture and is more like to scratch, but is still durable enough for everyday wear. Platinum is the most expensive option and is more durable than gold but also requires more maintenance.

Tungsten Carbide Wedding Ring by Blue Nile
Tungsten Carbide Wedding Ring by Blue Nile

Titanium and tungsten carbide are popular for men’s wedding bands. Tungsten carbide is extremely durable and scratch-resistant. Titanium is very durable, but still can be scratched like gold or platinum. Both titanium and tungsten carbide are in line with gold wedding ring prices and are sometimes even cheaper than gold. See more about wedding ring metals in our guide.
All wedding rings need proper care, like regular cleaning and polishing.

4. Style

How your ring looks and feels to you is the most important element. If you’re into classic styles, you might want a petite milgrain ring. If you want something unique, you might opt for a twist micropavé wedding band. Your wedding ring symbolizes your love and commitment to one another. It also showcases your personal style.

The most popular wedding band material for women is white gold and tungsten for men.

5. Your overall wedding budget

How much to spend on a wedding ring depends on your wedding budget. There isn’t a wedding ring cost rule. On average, couples spend three percent of their budget on wedding rings. For example, if your wedding costs $25,000, three percent would be $750.

You might decide you want to spend five percent of your budget on rings, and a little less on dessert or music. Each couple has to decide how to breakdown their wedding budget. Discuss with your fiancé how much of your budget you’d like to put toward rings. Find an amount you both feel comfortable with.

Best Wedding Bands – Female

The best wedding bands for women range from simple bands to decorative diamond-studded rings. Here are the top wedding band designs for each wedding ring price range.

Accent Diamond Ring from James Allen
Accent Diamond Ring from James Allen

$500 or less

$500-$750

Half Round Wedding Band from Brian Gavin
Yellow Gold Band by Brian Gavin

$750-$1,000

Dot Dash Diamond Ring by Blue Nile
Diamond Ring by Blue Nile

$1,000+

Pavé Crossover Wedding Band
Pavé Crossover Wedding Band from James Allen

Best Wedding Bands – Male

The best wedding bands for men include those made of tungsten carbide and white gold. No matter your budget, you can find vintage designs and modern styles. Check out these top choices for men divided by wedding ring prices.

Wedding Bands by Blue Nile
Tungsten Wedding Band by Blue Nile

$400 or less

Wire Finish Wedding Band by James Allen
Wire Finish Wedding Band by James Allen

$400-$800

$800-$1,200

Men's 3 Satin/Shiny Edged Wedding Band
Wedding Band by Brian Gavin

$1,200+

Monique Lhuillier Matte Textured Engraved Wedding Band 18k White Gold
Matte Textured Band by Blue Nile

For help in selecting wedding bands, reach out to our experts.

About the author
Mike learned the diamond business from the ground-up at Leo Schachter Diamonds - one of the world's top diamond manufacturers. He has been recognized as a diamond industry expert by Time, PeopleMoney, The Daily Mirror, NerdWallet, The Times Herald, Yahoo Finance Australia, The Art of Charm, The Washington Diplomat, The Next Web, and more. See more
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