I Do! Are Diamonds Worth More Than Property?

18.05.18
By Josh Gertler

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Normie & Company would like to wish an early congratulations to HRH Prince Harry and Meghan Markle on their wedding. The Prince personally designed the exquisite trilogy diamond engagement ring for his wife to be.

Research indicates the average couple spend £1,080 on their engagement ring, with diamonds accounting for over half of rings purchased. When compared to property, do they sparkle?

The value of diamonds has narrowly outclassed house prices over the last year. However, the average UK house price has 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.

For information on how much your home is worth, please contact Normie & Company on 0161 773 7715 or message our Facebook page!

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