Wedding Bands: Expensive Or Affordable?

Wedding bands can be expensive, but it all depends on what you're looking for. For example, the average wedding band cost for males in 2019 was $510, while the average cost of a female wedding band was $1,100. However, wedding band prices can range from as little as $180 to over $2,000. The cost depends on various factors, such as the type of metal, the setting design, the number of diamonds, and where you buy the ring.

If you're looking to save money on your wedding band, there are a few things you can consider. Firstly, you may want to opt for alternative metals such as tungsten, titanium, or ceramic, which are often more affordable than traditional metals like gold or platinum. You can also look for bands with simpler designs and fewer or smaller diamonds, as the size and number of diamonds can significantly impact the cost. Additionally, consider shopping around and comparing prices from different jewellers or online stores to find the best deal.

On the other hand, if you're looking for a more expensive and luxurious wedding band, you may want to opt for a well-known jewellery brand, add custom engravings, or choose a ring with a higher carat weight or a larger centre stone.

Ultimately, the cost of a wedding band depends on your personal preferences, budget, and the specific features you're looking for.

Wedding bands vs engagement rings: which is more expensive?

Wedding bands are generally less expensive than engagement rings. This is because engagement rings are often bigger and flashier, featuring a large centre stone (often a diamond) and perhaps other smaller stones. Wedding bands, on the other hand, are usually plainer and more understated, sometimes featuring an engraved message on the inside of an otherwise plain band.

The national average cost for an engagement ring in 2014 was $5,855, while couples spent an average of $1,417 on the bride's wedding band and $558 on the groom's, adding up to an average of $1,975 for both wedding bands. This means that, on average, couples spent about a third of the cost of the engagement ring on their wedding bands.

However, there are many factors that can affect the cost of wedding bands relative to engagement rings. The style of the rings is one factor: a more intricate style will be more expensive. The number of diamonds will also impact the cost, with eternity bands or diamond-encrusted wedding bands costing more than plain metal bands. The type of metal is another factor: platinum wedding bands, for example, may cost more than the national average.

In addition, a couple's financial situation will influence how much they spend on their wedding bands relative to the engagement ring. Some couples may have a larger budget to work with, while others may need to prioritise affordability over other factors.

While wedding bands are generally less expensive than engagement rings, it's important to remember that the cost of both can vary widely depending on the specific choices made by the couple.

Wedding bands: plain metal or diamond-encrusted?

Wedding bands are an important purchase, as they will ideally be worn every day for the rest of your life. While some people opt for a plain band, others prefer to have a band encrusted with diamonds. Here are some pros and cons of each to help you decide which option is best for you.

Plain Metal Wedding Bands

If you choose a plain metal wedding band, you can be sure that it won't take any attention away from your engagement ring. A plain band looks lovely against a solitaire engagement ring, and if your job requires you not to wear diamonds, a plain band will still allow you to wear your wedding ring to work. A plain band is also more practical if you have a job that's rough on your hands and requires less maintenance, as there are fewer cleaning needs and no diamonds to worry about.

However, if there is an occasion where you are not wearing your engagement ring, a plain band may not have the same desired effect as a sparkling diamond. A plain band may also appear to get worn quicker, as much more metal is showing compared to a diamond-set band. Additionally, a thicker plain band might look chunky and create an overall heavy look when paired with your engagement ring. There are also fewer design options compared to diamond-set bands.

Diamond-Ecrusted Wedding Bands

Choosing a diamond-encrusted wedding band will give you a subtle sparkle that complements your engagement ring. If there is ever an occasion where it is only suitable to wear your wedding band, having a diamond-set band means you'll still get that sparkle you love. A diamond-set wedding band is also a lovely way to incorporate the meaning of an eternity ring if that is not in the foreseeable future. There are more style options than with plain bands, including diamond cuts and settings.

However, if you choose something too sparkly and overpowering, it could take attention away from your engagement ring. Additionally, if you want an eternity ring in the future, two diamond-set bands might not work well together, especially if they are not the same style or design. Smaller set diamonds can attract residue buildup underneath, and if not cleaned regularly, they can loosen and even lose stones. Diamond-set bands are also more expensive than plain ones.

Alternative Options

If you are looking for a durable and stylish option that won't break the bank, you might want to consider wedding bands made from alternative metals such as tungsten, titanium, or ceramic. These materials offer excellent value for couples looking for affordable options without sacrificing style and durability.

Wedding bands: alternative metals for lower prices

Wedding bands are traditionally made from precious metals such as gold, platinum, and palladium. However, these metals can be expensive, and there are now many alternative metals available that offer a more affordable option without compromising on style and quality.

Alternative metals are becoming an increasingly popular choice for wedding bands, particularly for men. These metals include cobalt, stainless steel, titanium, tungsten, and even ceramic. They offer a range of benefits, such as durability, lightweight designs, and hypoallergenic properties, all at a more affordable price.

One of the most popular alternative metals is titanium. Titanium is a lightweight, hypoallergenic, and biocompatible metal with a natural silver-white colour. It is stronger than steel yet lighter than aluminium, and it resists scratching well. Titanium is also highly malleable, allowing for intricate designs and details. While it may be difficult to resize or engrave, titanium is a good choice for those looking for a comfortable, durable, and affordable wedding band.

Another popular alternative is tungsten, or tungsten carbide. This metal is highly scratch-resistant and has a nice weight similar to gold or platinum. It is also hypoallergenic and very affordable, with prices ranging from $10 to over $500 depending on the quality. However, tungsten is inflexible and can break under pressure, so it may not be suitable for those who are very active or work with their hands.

Cobalt is another alternative metal that resembles white gold or platinum in appearance. It is harder than precious metals and highly resistant to scratching and wear. Cobalt is also hypoallergenic, making it a good choice for those with sensitive skin. While it can be cut in an emergency, its strength makes it more difficult to resize or engrave.

Stainless steel is another affordable alternative metal option. It is created using intense heat and has a chromium alloy finish. While it can be bent and is more prone to scratching than other alternative metals, it is a good choice for those on a budget who are willing to be careful with their ring.

Finally, ceramic is a lightweight, hypoallergenic, and tarnish-resistant alternative. It is highly durable and scratch-resistant, with a hardness comparable to tungsten carbide and sapphire. Ceramic rings can be polished to a high shine and are available in a variety of colours, including black and white. However, like tungsten, ceramic is brittle and can chip or shatter under pressure.

Overall, alternative metals offer a stylish, durable, and affordable option for wedding bands. With a range of metals to choose from, couples can find a ring that suits their budget and lifestyle, without compromising on quality or design.

Wedding bands: how to save money

Wedding bands are a highly personal choice and can vary in price depending on your budget, lifestyle, and style preferences. While there is no one-size-fits-all answer to how much you should spend, here are some tips to save money when purchasing wedding bands:

Consider Your Budget and Lifestyle:

Before shopping for wedding bands, have an open conversation with your partner about your financial situation and budget. Be realistic about what you can afford, especially if you have other wedding expenses or existing debts. Consider your lifestyle and the type of work you do. If you're very active or work with your hands, choose a durable metal like platinum or palladium that may be more expensive but will require less maintenance. Gold, for example, is a softer metal that is more prone to scratches and dents.

Shop Around and Compare Prices:

Comparison shopping can help you find the best deals on wedding bands. Visit different jewellers, both local and online, to explore a variety of options within your budget. Sign up for mailing lists to stay informed about sales and promotions, as jewellery retailers often offer discounts. You may also want to consider buying during a sale to maximize your savings.

Opt for Simpler Designs:

Wedding bands with intricate designs, diamonds, or gemstones will be more expensive. If you're looking to save money, consider choosing a simple metal band without any stones. Plain wedding bands can still be meaningful and elegant while being more affordable.

Buy During a Promotional Period:

If you're not in a rush to purchase your wedding bands, keep an eye out for promotional periods offered by jewellery stores. Many retailers have sales or special events where you can find discounted rings. By timing your purchase right, you can take advantage of these opportunities and save money.

Explore Alternative Materials:

Instead of opting for traditional metals like gold or platinum, consider alternative materials such as tungsten, wood, ceramic, or silicone. These options are usually more affordable and can offer a unique style. For example, silicone wedding bands are extremely cost-effective, often costing around $30 per ring.

Look for Family Heirlooms:

Passing down wedding bands through generations is a special tradition. If you or your partner's family has a wedding band they'd like to pass on, it can be a meaningful and cost-effective option. You may only need to pay for resizing to ensure a perfect fit.

Buy a Matching Set:

Consider purchasing a matching bridal set that includes both the engagement ring and wedding band. Buying a set can often be more affordable than purchasing the rings separately, and it ensures that the rings complement each other beautifully.

Go Thrifting or Buy Pre-Owned:

Explore thrift stores, vintage shops, and online reselling platforms for pre-owned wedding bands. You can often find high-quality rings at significantly lower prices. However, when buying online, be sure to understand the return policy in case the ring doesn't meet your expectations.

Remember, the most important aspect of your wedding bands is that they represent your love and commitment to each other. You can find beautiful and affordable options by being mindful of your budget and exploring various money-saving avenues.

Wedding bands: how to budget

Wedding bands are typically less expensive than engagement rings. However, their cost can vary depending on factors such as the type of metal, the presence of gemstones, the band's thickness, and any added features such as engravings. Here are some tips to help you budget for your wedding bands:

Determine your overall wedding budget: Decide how much of your total wedding budget you want to allocate to the wedding bands. On average, couples spend around 3% of their budget on wedding bands, but you can adjust this based on your priorities.

Consider your preferred metal: The type of metal you choose will impact the cost. Precious metals like gold and platinum are more expensive than alternative metals like tungsten, titanium, or ceramic. White gold, for example, requires re-plating over time, which adds to the maintenance cost.

Decide on gemstones: Wedding bands with diamonds or other gemstones will be more expensive. The cost increases with the size and number of gemstones. If you want to include gemstones, consider opting for a lower percentage diamond set band or choosing smaller stones to stay within your budget.

Think about thickness and added features: Thicker bands require more metal and are therefore more costly. Additionally, consider if you want any engravings or contours, as these add to the craftsmanship and overall price.

Shop around: Compare prices from different jewellers, including online and specialty stores. You may find more affordable options by exploring various sources.

Set a realistic budget: Discuss with your partner and decide on a budget that works for both of you. Consider your financial situation and don't feel pressured to spend beyond your means. Remember, the most important thing is to find rings that represent your love and commitment.

If you're on a tight budget, you can also consider starting with cheaper rings for the ceremony and upgrading to more expensive bands as an anniversary gift later on. Additionally, look into jewellery insurance to protect your investment, as appraisals and insurance can add to the overall cost.

Frequently asked questions