The most traditional way to go about this would be the bride pays for the groom's wedding ring plus a gift and the groom pays for the engagement ring and matching wedding band for the bride. Today, a more modern approach by many couples would be to accept the wedding bands as a joint investment by both people. Perhaps there is no real answer, with the best option being what is most comfortable for the unique relationship that each couple has.
As with any big purchase, it is prudent to talk to your significant other about it. Budgeting and communication is key to a successful wedding. Setting your expectations upfront will make not only your wedding planning but married life together more successful.
The cost of wedding bands in total is a big factor to consider when deciding who pays for them, especially if we're talking about purchasing a diamond engagement ring. While more affordable options are becoming more readily available, such as lab-grown diamonds, the engagement ring will most likely be the most expensive piece of wedding jewelry.
A: This is a very important question to ask when considering who pays for wedding rings. If you share finances, then this is a no brainer and you should split the cost of the wedding bands evenly or on an agreed upon percentage.
A: If one partner earns much more than the other, then logically the highest earning partner should pay for the bands if not a higher amount if split. Relationships are all about balance, and your wedding costs should be negotiated in the best interest of all involved.
A: Wedding rings are a tangible object that symbolize your love for your significant other and you can't have a wedding without wedding rings, but it can be far from the most expensive thing on the purchase list. When deciding on who pays for the wedding rings, you should definitely consider the other wedding expenses being covered as well. Some couples will go with more affordable options and later replace their rings for a special occasion such as a milestone anniversary.
If the answer isn't clear to you after asking the above questions about your relationship, then perhaps considering the options available might be best. The fairest option (and probably the cutest) is to pay for each other’s wedding rings. By buying each other’s wedding bands for each other, it makes it just a little bit more special. If you've always shared finances equally, then the option of splitting the cost of the wedding bands is also a fair and viable option.