Explore the secret behind the price of an engagement ring – at Ophira, we are here to guide you through the fascinating world of engagement rings and help you understand what affects the cost.

How much does an engagement ring cost?

The question of how much an engagement ring should cost is a question that often comes up with us, and it is not entirely easy to answer. The cost of an engagement ring can vary dramatically and can range from a few thousand kronor to several million, depending on the financial situation of those seeking it. In fact, there is no set upper limit to what an engagement ring can cost. In Sweden, the average price of a diamond ring is around 25,000 kronor, and most people choose a ring that costs around 15,000 to 45,000 kronor.

Because there are so many common myths and misconceptions about buying an engagement ring, it's hard to really know how much to spend on this specific piece of jewelry.

But really, there are only two factors that determine how much an engagement ring should cost:

• Your partner's expectations for the engagement ring
• Your financial situation

Then it's about finding a balance between the two. There is no set price for an engagement ring, and there are no right or wrong answers. In the past, when women were more dependent on their husbands, it was considered traditional for an engagement ring to cost the equivalent of three months' salary for the man. This was done so that the woman would have financial security if her husband suddenly passed away. Today, this custom is considered somewhat outdated, and other factors influence how much one is willing to invest in their engagement rings.

For many, the engagement ring is an important piece of jewelry to be worn with pride on your hand every day. It resembles other objects and physical features that reveal one's identity, personal style and preferences. For some, the engagement ring is more of a symbolic piece of jewelry, where even the most basic version in the form of a simple ring signals one's connection to the loved one to the outside world.

At Ophira we have noticed a trend where people today are willing to pay significantly more for an engagement ring than just a few years ago. Diamond rings are now something that is increasingly seen on people's hands, especially magnificent diamond rings in the form of a side stone ring or halo ring .

This fits in with the luxury wedding trend that is common today. Nowadays, it is not uncommon for weddings to last two or three days, weddings abroad and weddings with special themes have also become very popular in recent years.

What size diamond should you choose?

This is a recurring question that we often encounter. It is important to emphasize that there is no universal right or wrong when it comes to choosing a ring size. It depends entirely on your own financial circumstances and personal preferences. In Sweden, the typical diamond weight range for engagement rings is usually between 0.30 and 0.40 Carat, but in our country it is slightly higher on average, around 0.60 Carat. On the other hand, engagement rings in the USA tend to have a significantly higher average diamond weight, often as high as 1 Carat.

The important thing is that you choose a ring that not only reflects your budget, but also your personal style and what feels most meaningful to you as a symbolic expression of your love and commitment.

A diamond is rarely perceived as too large as the eye quickly adjusts to it. To maximize the size of the diamond within your budget, consider a halo ring with small diamonds around the center stone, giving the illusion of increased size. Another trick is to choose a thinner ring style and narrower band to create visual balance and highlight the diamond. Also consider your partner's hand size; larger hands can wear a larger diamond and a wider ring style, while smaller hands can be favored with smaller diamonds or shapes such as oval, pear or marquise diamonds. Consider your budget and personal style when choosing your perfect engagement ring.

If you feel unsure or need more support, don't hesitate to contact us at Ophira. We are dedicated to helping you through the complex world of diamonds.