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Hey big spenders!

Hey big spenders!: Image 1 Lovestruck suitors in Peterborough are among the most generous when it comes to splashing the cash on engagement rings.

Research has revealed that big-hearted romantics in the Cambridgeshire cathedral city are happy to fork out a substantial sum in relation to the average pay packet in the area, putting the city eighth in a league of big spenders.

Despite having a modest average salary of £21,500 newlyweds-to-be in Peterborough are spending on average £4,200 on engagement rings. Wigan is one of the most frugal cities, with residents spending just £600 on engagement rings despite earning an average salary of £27,283.

The figures have been compiled by national antique silverware and jewellery specialists AC Silver, revealing the UK towns and cities that spend the most and the least on engagement rings. The findings show that those in London fork out the most, with an average spend of £8,000, and Burnley in the north, spends the least - an average of just £347 per sparkler.

AC Silver analysed the price of engagement rings bought through its site, by customers across the UK over the past five years, and found that the biggest spenders varied wildly depending on location, with a seemingly clear north-south divide.

Residents of Edinburgh and Oxford were closely behind London in second and third positions followed by Brighton and then Bournemouth in fifth place. The most frugal regions were mostly in the north of England, with Burnley spending the least followed by Wigan and Bradford.

Andrew Campbell, founder of AC Silver said, “A lot of pressure is put on people when planning a proposal, including finding the perfect ring. We believe wherever you live and whatever your budget, you should be able to treat your special someone to a stunning ring. Thankfully though, the rule of having to spend the equivalent of two or three months salary to buy an engagement ring is long gone."

To view the full list of featured towns and cities, visit AC Silver

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