A national antique silverware and jewellery outlet has revealed the cities of the UK that spend the most and least on engagement rings. Its research shows that unsurprisingly those in London spend the most, with an average spend of £8,000, and Burnley spends the least, with an average spend of just £347 per engagement ring.
A national antique silverware and jewellery outlet has revealed which cities of the UK spend the most and least on engagement rings.
AC Silver analysed the price of engagements rings purchased through its site, from customers across the UK over the past five years, and found that spend on engagement rings varied wildly depending on location, with a seemingly clear north-south divide.
'Men spend the least on an engagement ring in Burnley'
Expectedly, romantics in London are the biggest spenders, with residents of Edinburgh and Oxford following closely behind in second and third. Regions which are spending the least amount of money on engagement rings can be found mostly in the north of England, with Burnley spending the least out of the whole UK, followed by Wigan and Bradford.
Peterborough is one of the more generous towns, coming eighth out of the big spenders, but having a modest average salary of £21,500 and spending on average £4,200 on engagement rings. Wigan is one of the most frugal cities, with residents spending just £600 on engagement rings despite earning an average salary of £27,283.
A list of the top five highest and lowest spenders is below, along with the average salary for each city*.
Biggest spenders on an engagement ring
London £35,235 - £8,000
Oxford £29,495 - £7,600
Edinburgh £28,100 - £6,980
Brighton £25,356 - £6,442
Bournemouth £24,267 - £5,000
Most frugal on an engagement ring
Burnley £19,368 - £347
Wigan £27,283 - £600
Bradford £20,991 - £654
Barnsley £24,449 - £730
Blackburn £20,082 - £849
To see the full list of featured towns and cities, click here.
Andrew Campbell, founder of AC Silver said,
“Much pressure is placed on individuals when planning a proposal, including finding the ‘perfect ring’. We believe wherever your location and whatever your budget, you should be able to treat your special someone to a stunning ring. Thankfully, long gone is the rule of having to spend the equivalent of two or three months salary to buy an engagement ring.
“ Interestingly we have seen different spending habits across the UK. To be noted; when buying an antique diamond, it significantly reduces the impact of precious stone mining and predominantly will ensure you gain the best value diamond or gemstone for your budget.”
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