Research indicates the average couple spend £1,080 on their engagement ring, with diamonds accounting for over half of rings purchased. Which sparkle more in terms of price? Diamonds or property?
Congratulations to HRH Prince Harry and Meghan Markle, the new Duke and Duchess of Sussex on their wedding. The Prince personally designed the exquisite trilogy diamond engagement ring for his wife.
The value of diamonds narrowly outclassed house prices over the last year rising by 4.5% compared to 4.4% for UK property. However, property prices have increased in value by £57,000 over the past five years, twice the price of an average wedding, while the value of diamonds has fallen.
The pink star diamond became the world’s most expensive diamond ever sold when it sold for £53.7 million in 2017. At current prices, this would buy you the equivalent of 238 homes in the UK!