Kate Middleton and Prince William have dated for 8 years. The moment they announced their engagement, a media circus began. For example, the blue Issa dress Kate wore during the official announcement sold out within 24 hours on net-a-porter. Amidst this chaos, have you been wondering what the upcoming royal wedding costs, when stacked up against the cost of the average American wedding?
It is estimated that 1800 people have received invitations to the wedding, and of those 600 will attend the reception at Buckingham Palace. A more intimate circle of 300 will attend the after party. 1.1 million visitors are expected to flood London for the wedding, yet London only has 120,000 hotel rooms. Worldwide, 2 Billion people are expected to watch the royal wedding. To keep up with the unprecedented media demand for more information about the wedding, Comcast is adding 130 shows to an on-demand channel covering everything leading up to the ceremony.
Overall, this event is predicted to bring about $995 million to boost the British economy. $1,007,252,000 is expected to be generated by the wedding for Great Britain. Prince Charles’ wedding to Princess Diana in 1981 cost approximately $47.8 million, while Prince William’s wedding to Kate is ballparked at between $16 and $64 million.
With This Ring
Middleton’s engagement ring, which was formerly Princess Diana’s ring, has an 18 carat sapphire. Its worth is currently estimated at $398,000. QVC made a simulated knockoff of the royal bling just five days after the engagement was announced priced at a mere $34.95.
The Average Nuptials…
While we all enjoy the spectacle of the royal wedding, in truth, most weddings are much more modest. Traditionally, the father of the bride was supposed to pay for everything; nowadays, 30% of couples pay for the wedding themselves, while the bride’s parents pay around 17% of the time. The average wedding budget is $20,000. On average, the wedding rings cost about $1,016.
Usually, guests at a typical wedding number about 178, and they each spend between $70 and $100 on a present. Over 91% of couples have a registry.
99% of couples then take a honeymoon, and they spend an average of three times more on that trip than on any other vacation. The average honeymoon budget is $3657.
Per year, $72 billion is spent on weddings, $19 billion is spent per year on gifts, and $8 billion is spent on honeymoons. In 1945, the average cost of a wedding was $2,200. Over time, that has increased drastically; one of the most expensive years for weddings was 2007, with an average cost of $28,000.
The Demographics of Weddings…
Most grooms are about 26.9 years old, while the brides are usually 25.3 years old. 1/3 of wedding couples have already been married once before. In 1945, there were 1.61 million weddings that number has risen to 2.3 million weddings in 2010. Worldwide, the most wedding ceremonies are performed in Istanbul, Turkey, with 166,000. A close runner up? Las Vegas, Nevada, with 114,000 annual ceremonies.
While Kate and William have opted to marry in April, most weddings occur in summer June and August are the most popular months for weddings. The least popular month is January, with only 4.7% of weddings.