The average amount of money being spent on an engagement ring has gone down by 19 per cent over the last decade, largely due to the fact couples are making more decisions together and prioritising their big spends.
Claire Beatson, General Manager of independent and ethical jewellery brand, Nightingale explains the reason for the shift in consumer attitudes: “With the pandemic showing how fragile the economy can be, couples are choosing to be more cautious and savvy with their money pot.
“Saving for a first home as well as a pension is more likely to take precedence over a £10,000 engagement ring.”
