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How Much Should I Spend on a Wedding Ring?

Jewelry shopping can be intimidating. That’s why we started Ask HOLDEN, our blog where we seek to answer your most frequently asked questions, break down scary industry lingo, and guide you in finding the perfect piece of jewelry.

How much should you spend on a wedding ring?

According to research done by The Knot, Americans on average spend ~$6,000 on engagement rings, ~$550 on men’s wedding bands, and ~$1,400 on women’s wedding bands. While you may have heard from your Uncle Bob that you’re supposed to spend 3 months' salary on the engagement ring, there's fortunately no hard rule or expectation for how much you should spend on a wedding ring.

One of our core philosophies at HOLDEN is that your wedding ring should be 100% personal. Don’t worry about any sort of calculated averages, antiquated notions of how much you should spend, or engagement ring and wedding band rules. We believe you should get the ring you’ll be excited to put on each morning, not the one you think will live up to anyone else’s expectations.

Who buys the wedding bands?

If you search the internet or ask your friends, you’ll get lots of different answers. Some cultures have guidelines, and different families may have long-standing traditions. If you’re asking this question and don’t fall into either camp, then take a deep breath. Similar to there being no real rules for how much to spend on a wedding ring, we’ve seen firsthand from our customers that there really are no rules for who should buy the wedding bands. We’ve seen partners of all genders purchase both rings, and partners each purchasing just their own ring or just their partner’s ring.

It really comes down to the unique situation you and your partner are in, and what you two decide. We’ve found that what actually matters is that the two of you are on the same page and are happy with both ring designs. We know there are plenty of wedding-related matters to stress over, but don’t overthink this one. The experience of designing and purchasing a wedding band should be enjoyable and stress-free :)

Any questions? Shoot us an email at or give us a ring at 917.719.3634.