How Much Should You Spend on a Gemstone Engagement Ring?

When it comes to popping the question, choosing the perfect engagement ring is a massive part of the journey. But here's the question on every couple's mind: How much does an engagement ring cost? Should you go all out, stick to tradition, or spend based on what feels right for you?

At Manna Jewellers, based in Birmingham's iconic Jewellery Quarter, we're here to help you navigate the sparkle without stress. Whether you're eyeing a vivid sapphire, a radiant ruby, or a more modern morganite, we'll guide you through setting a smart budget for engagement rings-without compromising on quality, sentiment, or style.

First Things First: There's No "Right" Amount

Forget the old "three-month salary" rule -that idea is outdated and frankly, unrealistic for most modern couples. The average price of an engagement ring in the UK has fluctuated over time, particularly with the increasing popularity of gemstone engagement rings as an alternative to traditional diamond engagement rings.

What matters more than price?

• Finding a ring that reflects your partner's personality.
  

• Investing in a durable, meaningful gemstone.
  

• Staying within a budget you're comfortable with.
  
  

The perfect ring doesn't have to break the bank, couples are shopping brighter and more intentionally than ever before.

So, How Much Does an Engagement Ring Cost in the UK?

Based on recent surveys and sales data:

• Theaverage price of an engagement ring in the UK ranges from£1,500 to £4,000.
  

• For gemstone rings (such as sapphires, rubies, and emeralds), prices typically range from£1000 to £2,500, depending on the stone's quality, setting, and metal type.
  
  

 At Manna Jewellers, we see many couples opting for stunning, handcrafted gemstone rings in the £1,500–£3500  range.

Why Choose a Gemstone Ring?

Diamond rings may be traditional, butgemstone engagement rings are gaining ground across the UK for all the right reasons:

 More Personality

Each gemstone tells a story. Whether it's a deep blue sapphire for wisdom or a fiery ruby for passion, these rings often feel more personal and meaningful.

 Better Value for Money

Gemstones often provide a bigger, more colourful centre stone at a lower cost than diamonds of the same size and similar quality.

Setting a Budget for Engagement Rings: 5 Smart Tips

Planning your proposal is exciting but can also be overwhelming. Here's how to set arealistic and stress-free budget for your gemstone engagement ring:

1. Start With What You Can Comfortably Afford

Rather than stretching your finances, work within a range that feels manageable -whether that's £1000 or £3,000. Your ring should bring joy, not debt.

2. Think About Your Priorities

Is the gemstone the star of the show? Or are you dreaming of a bespoke design? Decide where to spend a little more (on stone quality or setting?) and where you can save.

3. Understand What Affects the Price

Gem quality, rarity, carat size, cut, and the type of metal used all influence the final cost. A smaller, high-quality gem in a beautiful settingoften appears more attractive than a larger, lower-grade one.

4. Consider Customisation

AtManna Jewellers, we specialise in bespoke gemstone rings that work within your budget. Custom designs allow you to choose your own stone, setting, and style - often at a better value than off-the-shelf luxury brands.

5. Plan Ahead

Give yourself time to explore options, compare quotes, and avoid last-minute panic buying. Engagement rings are meant to last a lifetime -it's worth taking a few extra weeks to get it just right.

6. Repurpose your hierlooms

Don’t forget, your heirloom pieces can be repurposed. It could be a something handed down or a purchase made that is no longer used. Sometimes this helps to bring the overal cost down.

How UK Couples Are Budgeting in time for 2026

We've seen a refreshing trend: couples openly discussing their budgets together. It's a smart move! In many cases:

• One partner selects the ring with input from the other.
  

• Couples co-invest in the ring as a symbol of partnership.
  

• People are choosing value and meaning over price.

• Couples are looking for quality over size.

Real Love Stories, Real Budgets

"We had a budget of £2000 and wanted something unique. Manna helped us create a stunning emerald ring with a diamond halo -it looked like it cost twice as much!"
-Charlotte & Liam, Coventry

"I was set on a ruby engagement ring for its symbolism. I got a bespoke piece in rose gold from Manna for under £2,000 -and my fiancée loved it"
-Mark, Birmingham

These stories remind us that thevalue of an engagement ring lies in the thought and intention behind it-not the number on the receipt.

How a Vintage Ring Can Help You Save on Your Engagement Ring Budget

Looking to create something truly personal without overspending? One meaningful and sustainable way to manage your budget for an engagement ring is by starting with a vintage or heirloom piece. Whether it's a family ring passed down through generations or an old piece with potential, repurposing it can be both cost-effective and sentimental.

At Manna Jewellers, we specialise in transforming older rings - even those that are worn, broken, or simply not your style - into stunning,bespoke engagement rings. We'll help you retain the emotional value of the original while crafting a modern design that reflects your story.

This thoughtful approach not only preserves family heritage but also allows you to invest in a high-quality setting and gemstone without exceeding your budget. It's a smart way to blend tradition with personal style -and create something truly one-of-a-kind.

 Final Thoughts: Spend What Feels Right for You

So,how much does an engagement ring cost? The truth is, it's entirely up to you.

Whether you spend £1000 or £5,000, what matters most is that your ring reflects your story, your partner's style, and your shared future.

At Manna Jewellers, we're here to guide you through the process with honesty, warmth, and decades of experience. From selecting the perfect gemstone to crafting your bespoke ring, we'll help you create something truly unforgettable -without the pressure or confusion.

If you are looking for inspiration - 

Discover our current gemstone designs.

Explore a spectrum of beautifully handcrafted gemstone rings on the Manna Jewellers website -from elegant everyday wear to standout engagement-worthy designs.

• A sleekwishbone‑style sapphire ringwith a contemporary V-shape that's perfect for layering or stacking alongside other bands. 

• A radiantpear‑cut ruby ringset with delicate pavé diamonds along the shoulders -an expressive yet refined alternative to traditional styles.

• A boldoctagon‑cut sapphire signet ring, offering a structured, statement-making shape on the finger. 

• A moderntension‑set emerald ringin a subtle round design -light, wearable, and perfect for everyday elegance. 

• A dramaticoctagon sapphire haloring, graced with fine grain-set diamonds, is astriking option for a centerpiece engagement style. 

 Ready to FindYour Dream Ring?

📞Call us on 0121-554-2727
📧Email us at hello@mannajewellers.com
🏬Visit us at 16 Hockley Street, Jewellery Quarter, Birmingham, B18 6BL

Explore our gemstone collections in-store or online, and let's design a ring that beautifully suitsyour story and budget.