One of the most common questions couples ask when planning a proposal is:
“How much should an engagement ring cost?”
The short answer? It depends.
At Ellisons Jewellers in Belfast, we’ve worked with couples from across Northern Ireland and Ireland — some shopping on a modest budget, others investing in heirloom-quality rings. No matter your price range, the perfect ring is the one that reflects your love and suits your lifestyle.
In this guide, we’ll explore what really affects the cost of an engagement ring, why the “three-month salary rule” is outdated, and how to find a beautiful ring — whether you’re spending £1,000 or £10,000+.
The Old Rule: Three Months’ Salary?
You may have heard the old tradition that says you should spend three months’ salary on an engagement ring. But in 2025, that advice feels a little outdated.
Instead, we recommend setting a budget that makes sense for your circumstances, values, and future plans. After all, the best engagement ring isn’t about price — it’s about meaning, craftsmanship, and making your partner feel special.
To help you explore your options, our diamond rings collection includes stunning designs at a range of price points — from affordable halo rings to luxurious, one-of-a-kind pieces.
What Affects the Cost of an Engagement Ring?
Several factors determine the price of an engagement ring:
- Diamond or gemstone size and quality
- Type of metal (platinum, white gold, yellow gold, etc.)
- Complexity of the design (solitaire vs. halo or cluster)
- Brand reputation and craftsmanship
At Ellisons Jewellers, we only stock high-quality diamonds and coloured stones, carefully set in fine metals. Whether you prefer classic, vintage, or modern styles, we’ll help you find the right ring at the right price.
Affordable & Luxury Ring Examples at Ellisons Jewellers
To give you a better sense of what different budgets can offer, here are a few beautiful options from our collection:
💍 18ct White Gold Marquise Halo Ring
Budget: £1,000–£2,000
This elegant ring features a marquise-cut diamond surrounded by a sparkling halo, set in polished white gold. It’s perfect for those looking for timeless sparkle at an accessible price.
💙 18ct Gold Sapphire and Diamond Halo Ring
Budget: £2,000–£3,000
Combining classic elegance with a touch of colour, this ring features a rich blue sapphire encircled by diamonds. It’s a romantic choice that feels both unique and traditional.
💙 Platinum 2.51ct Sapphire and Diamond Trilogy Ring
Budget: £5,000–£7,000
This stunning trilogy ring showcases a central sapphire flanked by two dazzling diamonds, all set in luxurious platinum. It’s ideal for someone who loves regal design and timeless symbolism.
💎 18ct Gold Platinum Three-Stone 3.90ct Diamond Ring
Budget: £10,000+
A truly exceptional piece, this ring features nearly 4 carats of diamonds in a three-stone setting. With its combination of yellow gold and platinum, it’s an investment in both beauty and legacy.
Explore our full diamond engagement rings collection for even more options across every price range.
Tips for Setting Your Budget
- Start with a range – Decide what you’re comfortable spending, rather than focusing on a single number.
- Factor in the wedding – Your proposal is just the beginning. Consider your upcoming wedding costs too.
- Prioritise what’s important – For some, diamond size is key. For others, it’s about the setting or metal.
- Ask questions – At Ellisons, our team is happy to walk you through all the details, from certification to care.
Find the Perfect Ring at Ellisons Jewellers Belfast
At Ellisons Jewellers, we believe every love story deserves the perfect ring — no matter your budget. Whether you’re shopping for a diamond solitaire, a sapphire and diamond halo, or a showstopping three-stone ring, our team is here to help.
Visit our Belfast showroom or browse our full diamond rings collection online to find the one that speaks to you.
Planning to propose? Let Ellisons help you choose a ring that fits your budget and your story — because love doesn’t come with a price tag.