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What is Klarna?

Klarna is one of the leading payment providers in Europe and a licensed bank that is fundamentally changing the payment experience for buyers and sellers. The company, founded in Sweden in 2005, enables online shoppers to handle outstanding payments immediately, later or in installments quickly, easily and securely. Klarna works with more than 130,000 retailers such as Asos, Spotify, MediaMarkt and Deutsche Bahn and currently employs more than 2,500 people in 14 countries. In 2014 Klarna took over Sofort GmbH; In 2017, Billpay GmbH was acquired. The company's investors include; Sequoia Capital, Bestseller Group, Atomico, VISA and Permira. More information can be found

Is it safe to shop online with Klarna?

Definitely! Shopping online couldn't be more secure than with Klarna. In a store, you can always touch and check the goods you want to buy before paying for them. We believe that online shopping should be no different. That's why Klarna purchase on account gives you the opportunity to check your goods first and pay later.

Our goal is to make shopping easier and safer - smooth. That is why we take drastic measures to protect you as a buyer against fraud and unreliable online retailers. Whenever you see the Klarna logo in an online store, you can be sure that the store is trustworthy and meets our strict requirements.

Klarna is also certified by TÜV Saarland and Trusted Shops. Certificates give you as a consumer positive indications of the quality of the services and products. The associations registered under "the TÜV" are known worldwide and the certificates promote the highest international reputation. TÜV Saarland has concentrated on customer-oriented services outside the traditional official fields of activity. Every year, TÜV Saarland ensures that our business model is serious and that Klarna offers secure payment methods through a detailed investigation.

Klarna has been a “Trusted Shops Authorized Partner” since 2011 and as an “authorized partner”, Klarna's processes are perfectly adapted to the Trusted Shops quality criteria. The Trusted Shops quality criteria are based on national and European laws that are important for online shopping. They take into account the current judgments and requirements of consumer protection organizations or go even further. Read more about the Trusted Shops seal of approval here.

In addition, Klarna Buyer Protection protects you with every purchase from Klarna. This is an agreement between you and Klarna that allows you to shop online safely. To ensure that the Buyer Protection Directive applies, you as a consumer must make the purchase from an entrepreneur. Please note that the Buyer Protection Directive only applies to payments made with Sofort if it is expressly stated on the payment method selection page in the merchant's online store.

I have more questions about my payment. Can I speak to someone from Klarna?

Yes of course! You can chat with us in the app at any time or call us on 0221 669 501 10

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How much should you spend on an engagement ring?

28th February 2023

by Semrah

Whether you’re going all out or trying to stick to a budget, shopping for an engagement ring can be a daunting task. Do you go as expensive as possible, or is it more important to choose a style that your partner will cherish forever instead?

Read on to find out the average price of an engagement ring in Ireland, the traditional amount you should spend on a ring, and what options you have if you’re on a budget.

What is the average price paid for an engagement ring?

Buying an engagement ring is a very intimate decision, and the price of said ring is just as much of a personal choice as the ring itself. The average price of an engagement ring is €4,500 in Ireland, but the amount you spend can be much more flexible.

One months salary

Tradition states that you should spend no less than one month’s salary on an engagement ring. This suggestion first came about in the 1930s when diamond jewellery was booming, and advertising campaigns told customers that it would “show her what the future would be like” – suggesting that if you could afford that much on a ring, your future wife would be living in luxury.

However, since then, that tradition has grown and changed, along with the people buying engagement rings. Nowadays, the price of an engagement ring has become much more customisable – changing to suit the needs and attitudes of consumers.

How much do people spend?

Budgeting is key when buying an engagement ring for someone you care about. Despite the rules that people spout about engagement ring expenditure, the most important thing is to buy a ring that you feel comfortable with – besides this, 41% of people in Ireland believe you should only spend what you have on an engagement ring! The average cost of an engagement ring in Ireland is €4,500, but in 2022, couples in Ireland spent €2312 on average on an engagement ring.

Engagement Ring

What’s the average cost for an engagement ring?

The cost of a ring depends on a few factors. The first is the metal choice. 9K, 10K, or 14K gold tends to be on the more affordable end of the spectrum, while pure 24K gold and platinum are often at a premium price because of their value and rarity.

The other factor to consider is the diamond(s) or other gemstones. The most coveted, and therefore pricy, stones are perfectly clear, white diamonds cut with the ideal size and shape. Gemstones are valued according to the four C’s – cut, clarity, colour, and carat – and all of these can affect the price of the engagement ring.

Engagement ring alternatives on a budget

If you’re on a budget, you have a few options for your engagement ring.

Solitaire engagement rings are one of the best ways to get the maximum effect and value for your money. The single stone, typically a prong setting, allows the diamond to take centre stage. The prong setting allows light to shine through the diamond from all angles, creating a gorgeous sparkle no matter the size of the stone. The ring band itself is also typically simple, a plain metal band that truly lets the stone shine, further saving a bit of money.

Another option to help you stick to a budget is to opt for lab-grown engagement rings. Lab-grown diamonds are created rather than mined naturally and are usually extremely high quality with very few inclusions. Despite being almost perfect, because they are created in a lab, they are more affordable than naturally formed diamonds.

To find your perfect ring for her to cherish forever at a range of different price points to suit any budget, browse our full range of engagement rings.

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