Before getting down on one knee and popping the question, you’ll need to find a suitable ring to fit the occasion. It can be a very stressful experience and engagement rings are not cheap – it may be the third most expensive item you ever buy after your house and car.


When it comes to the cost of the ring, you need to decide how much you can afford. According to research from Bespoke Diamonds in 2014, the average spend for an engagement ring was €2,325. In a more recent study from Littlewoods Ireland in 2015, the average spend was slightly lower at €2,149.

engagement ring in a box

What To Look Out For

It is often recommended that couples purchase the engagement ring together. There are many factors to consider when selecting the right ring – including the size, cut, colour and clarity.

If you do decide to purchase a ring on your own, you should ask the jeweller if they will exchange the ring in the event that your partner does not like it. Most jewellers will offer store credit in this case.

It’s also important to get a written valuation to ensure that you are getting what you are paying for.
Planning for your perfect engagement can be a stressful experience but Chill Money is there to support you along the way. At Chill Money, we make it easy to take out a loan for the important stages in your life.

Why not apply for a loan today – it only takes a few minutes! Get a Quick Quote here and see how much you can borrow!