How much do people spend on an engagement ring?

Hi there,

How much you spend and how many carats you choose for your engagement ring is completely personal and up to you. You could spend from five thousand all the way up to 20, however we have found that the average spend in our store for engagement rings is around $8000. This price will get you a beautiful quality 0.70ct diamond in a stunning setting. If you were wanting a slightly bigger stone like a 1 carat you would be looking at spending around 15 thousand for great quality and colour.

In regards to the two month pay "rule" you don't have to go by that at all. We have a couple of payment options that you can choose from in our store to make the financial side of things a little less stressful.

1: In store Lay-by

Once you have decided on your perfect stone and/or ring, all we require is a 20% deposit to confirm the order. From there you have up to 12 months to pay it off as you wish and can collect once the final payment is made.

2: Certegy

Certegy is like a take home lay-by, you pay a deposit and then make regular monthly payments through the company until payment is completed

If you would like more advice on engagement rings or financing please don't hesitate to contact us on:

(07) 33991176 or by emailing

Thank you very much for your question, we look forward to hearing from you soon.

Kind regards,

Starfire Diamond Jewellery