According to ROX’s research, 90% of people would pay up to £3,000 for an engagement ring, although the perfect amount to spend on the ring was found to be £1,429. When looking at the differences between how much men and women believe should be spent on a ring, women believed that on average a ring should cost £1,567. Comparatively men, believe it should cost £1,284 - £283 less.
When it comes to gemstones, diamonds seem to be everyone’s best friends, as the majority of people (66%) prefer diamond engagement rings, with the most popular choice being a natural diamond (59%).