Is there a rule of thumb for how much to spend on an engagement ring?

You may have heard old sayings about spending two or three months' salary, but those are marketing ideas, not rules. In the UK, there is no legal or industry standard that says you must spend a certain amount. The right amount is what fits your savings and your wider wedding budget without causing stress.

Start by deciding on a comfortable figure together. If you are buying as a surprise, think about your partner's taste and lifestyle. A ring that suits their daily life matters more than its price tag. You can always choose a simpler ring now and upgrade later, or choose a ring with a gemstone instead of a diamond to get more for your money.

Remember that the engagement ring is separate from the wedding ring, and you will need to budget for both. If money is tight, consider a family heirloom or a second-hand ring, which can be beautiful and meaningful. The only real rule is to be honest with yourself about what you can afford, and to avoid borrowing for a ring if you can help it.