Cutting cost of proposal as 1 in 10 couples go Dutch on ring
One in 10 couples are now going Dutch when it comes to buying an engagement ring.
A new survey has revealed the average amount spent on an engagement ring varies, with 32pc confessing an average spend of €3,000, 24pc spending around €5,000, and 20pc spending more than €5,000.
Some 87pc of partners were solely responsible for paying for the ring, meaning that for one in 10 couples, both of them contribute to help buy the ring of their dreams.
The survey, carried out by the Bride Of The Year Show and Spin 1038, revealed that despite the challenging economic climate, brides are more determined than ever to have the wedding of their dreams, with the average cost of a wedding totalling €25,000.
The survey, which explored wedding trends across Ireland, revealed that most brides and grooms went over budget to get the wedding they wanted, with 65pc of all weddings going over their initial budget by an average €5,000.
As for the tradition of parents financing the big day, a majority of 57pc of couples fund it themselves.
Some 35pc take financial assistance from their parents, with 5pc letting them pick up the entire bill.
When it came to the proposal itself, most (61pc) took place in Ireland, compared to 11pc in the UK and 28pc overseas.
Wedding blogger Sara Kennedy revealed that two-day weddings and personalisation trends are on the rise and these are having costly implications for many.
"Increasingly, brides and grooms want to tell their story through 'themes', and they are becoming extremely imaginative," she said.
"Everything, from the stationery and the decorations to the food and drinks menu, can be personalised, and that doesn't come cheap."
The findings from the survey come ahead of the Bride Of The Year Show, which will open its doors today and tomorrow, welcoming thousands of couples across the two days.
Taking place at the RDS, the show will be home to more than 150 wedding suppliers all gathered under one roof.