Australia’s Engagement Ring & Wedding Costs

How To Budget For a Beautiful Wedding

Step into the enchanting world of Australian weddings, where each celebration tells a unique love story. From intimate affairs to grand spectacles, discover just how much you can expect to pay for engagement rings and how to perfectly plan your wedding finances.

What are the Costs?

Engagement Rings

According to a 2023 Australian wedding industry report, the average couple in Australia is spending around $6,000 on their engagement ring.

Wedding Expenses

While the typical Australian wedding costs around $35,000, the average wedding budget begins at just $27,550.

Ditch the Myths About Engagement Ring Spending

Challenge the outdated notion of spending two months' salary on an engagement ring! Understand that your personal preferences and budget should drive your choices. Empower yourself to make decisions that resonate with your circumstances and your finances.


Mastering Engagement Ring Shopping

Confidently navigate the world of engagement ring shopping. Decode the secrets of the 4Cs, explore popular settings, stay ahead of trends, and effectively manage your budget. Work with a trusted and reputable jeweller or do your research and shop online to discover a bargain!

Unpacking Ring Costs

The following are 3 key factors that directly influence the cost of an engagement ring. 

Materials & Gemstones
Materials & Gemstones

Budget-friendly metals & alternative gemstones can cut your costs.

Diamond Carat Size
Diamond Carat Size

Considering cut and clarity over carat size can help you manage expenses.

Design & Brand
Design & Brand

Simplify the design and explore lesser-known brands to avoid unnecessary costs.

Social Media vs. Engagement Ring Reality

Consider how social media influences your engagement ring expectations. Move beyond celebrity headlines and recognise that the size of the ring does not determine your love. Focus on finding a ring that aligns with your partner's style and the unique facets of your relationship.

Budget Bliss: Planning an Affordable Wedding

Tailor your dream wedding within budget constraints. Explore the costs associated with venues, catering, and photographers. Compare quotes to make an informed decision. This way, you can plan a wedding that celebrates your love story without compromising your finances.

3 Tips To Manage Costs

Must Haves
Prioritise Your Must-Haves

Identify the elements that truly matter to you and your partner.

Off Peak Timing
Off-Peak Timing

Consider having your wedding during the off-peak season or on a weekday.

DIY & Repurpose

Get creative with DIY projects and repurpose decorations.

JewelCover: Protecting Precious Moments

Mitigate financial risks with our specialised jewellery insurance. Get a quote online now.


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