The Cost of The Royal Wedding
After months of rumours and speculation, 2017 ended with news of a Royal Engagement with the wedding due to take place in May 2018. This has certainly got everyone around the world talking – including about the cost!
Although Prince Harry and Meghan Markle’s wedding is expected to cost less than the wedding of The Duke and Duchess of Cambridge – a reported £20 million – predicted costs are still in the region £12 million and almost over 800 times the UK average. Here is a breakdown of the numbers and costs involved for 2018’s royal wedding instalment.
Meghan’s one-of-a-kind engagement ring was personally designed by Prince Harry using 14 diamonds from his mother, Princess Diana’s collection with the main stone sourced from Botswana where she and Prince Charles first holidayed together.
Industry experts estimate that this classic trilogy designed ring could cost anywhere between £25,000 and £200,000 thanks to its personal design and royal connection.
The wedding will take place at St George’s Chapel, Windsor Castle, which is the largest and oldest occupied castle in the world and one of the official residences of Her Majesty the Queen.
This is where the royal family could really save money! Since they are already using St. George’s Chapel at Windsor Castle for the ceremony, if the couple decides to use St George’s Hall for the reception, which is next door to the chapel at Windsor, further savings can be made thanks to the Royal connection.
However, unlike Prince William and Kate where they had over 6,000 guests, Harry and Meghan will only have room for 800 (most of whom will be from Harry’s side).
Bridal designers have already started submitting sketches for Markle’s wedding gown, including Israeli designer Inbal Dror. If she chooses to go British, leading couture wedding dress designers such as Emilia Wickstead, Stewart Parvin or Phillipa Lepley would likely cost approximately £80,000. This is still short of the nearly £400,000 dress the Duchess of Cambridge wore to her wedding.
However, Meghan’s best friend Jessica Mulroney is a bridal stylist and has been rumoured to be in London… perhaps Meghan could get ‘mates rates’?
The cost of security at the ‘wedding of the year’ is predicted to be high. An estimated 5,000 police officers guarded the public for the royal wedding in 2011 and the same number may be needed in 2018. There are varying estimates over how much security at Prince William and Kate’s wedding cost, ranging from £7million to as much as £20million. It is, however, understood that the government provided police with a £3.6million grant to cover the cost of overtime pay for officers.
Rumours are floating that the floristry will cost an estimated £110,000 and drinks £150,000. There will likely be two cakes, one informal and one formal. There is speculation they could be a banana cakes and could cost in the region of £4,000 each!
Prince Harry is certainly not short of a few friends in the music industry so it is anyone’s guess who could be performing on the day. Coldplay, The Killers, Sam Smith, Ed Sheeran, Elton John, Duran Duran have all performed for Harry at charity events. Stormzy has even put himself forward! Whether they will charge for the event, who knows…
The cost to the UK economy
It is estimated that the Royal Wedding will generate £200 million from tourism, travel and hotels. A further £150 million will be generated through street parties and celebrations up and down the country and commemorative merchandise set to net another £50 million. This historic occasion is also set to provide Britain with around £100 million in free marketing – a welcome boost as Britain prepares to exit the EU.
VisitBritain, the national tourism agency, estimates that 41.7 million visits from overseas will be made to the United Kingdom in 2018, generating £26.9 billion in the process.
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