Mar 14, 2014 - Profesional Jeweller Article
A new study by investment and insurance company AXA has discovered that 15,000 UK women will receive a temporary engagement ring – or ‘buffer ring’ - from their partners who wish to avoid disappointing them with the wrong choice.
The report highlights the trend for less costly rings that act as a placeholder for more expensive pieces picked by the bride herself.
On average, one in 16 women will be proposed to with a ‘buffer ring’ in 2014.
According to the survey, 16% of women are disappointed with their partner’s choice of engagement ring because it is either too expensive (44%) or not to their personal taste (35%).
Currently the average amount spent on an engagement ring is £1,373, with men typically spending one month’s salary. In London, the average figure rises to £3,548, while Yorkshire showed the lowest figure of £607.
Additionally, the survey showed many couples are going without engagement rings in favour of saving money or simply because they don’t feel it’s a necessary indulgence.
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