Gifts to the Parents?

I don’t think there is a general etiquette with gifts beyond the bridal party. We got gifts for parents for hosting showers but not for the wedding.

I would just get one gift from you and the groom to each rather than one from each of you

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I agree. We're giving one gift from the both of us. But I'm selecting and purchasing the gifts to my parents and he's doing the same for his.

No gifts at all to parents are traditional at wedding time. After the wedding it is traditional to give an album, or framed pictures, or CD/DVD of pics or a video, whatever they have equipment to play back.
Traditional etiquette says, you don't thank someone for a gift, with a gift. If parents or others give you money for the wedding, which is a very big gift, you owe them a letter ( not short note) of thanks. A good time to tell them how you feel about them
You give parents gifts on each of their birthdays, on their anniversary, on Mother's Day or Father's Day, and any traditional religious or secular holidays. It is a recent fad to give gifts every time you turn around. But it is a fad, pushed by tv and the gift industry. Not traditional etiquette at all. No proposal gifts, getting ready gifts, thank you gifts for shower or bachelorette hostesses, or parents gifts are necessary. To anyone who does a major service, or gives you a gift,, you owe a handwritten ( not just signed) thank you note. It is traditional to give each member of the wedding party a gift that is not to use or wear in pictures or the wedding, nor a souvenir of the wedding, but something bought as you would buy a birthday gift, for the tastes, colors worn, or interests of that person, not the bride or other wedding party members. No other gifts are necessary. If one bridesmaid does a shower and organizes a bachelorette, you may give her a bigger gift than others, provided you distribute them privately. And if one parent does a lot of services, like picking people up at the airport, helping hand address invitations, you may give that parent a gift and thank you note, even if you give none to other parents. She / he gave her time and energy, did many services for you. That can be a good time for a small gift. But when one parent gets it, and others don't, do it in private. You can give gifts to everyone in the world, if it is in your budget. But very few are traditional.

I'm giving my parents embroidered handkerchiefs, his mother is getting one as well. I'm also (maybe) giving monogrammed ones for the bridesmaids and pocket squares for the groomsmen. Each set of parents are also getting a nice photo of us after the wedding! I would say that you should give your parents something, his parents something, and maybe something from both of you after the wedding!!

I don’t understand the concept on individual gift giving in a wedding— we’re coming together , so if we’re giving gifts to parents, they’re going to be from *us* as a married couple. Parent gifts, in my world, are a thank you for their involvement in financing or planning, and I don’t think they are otherwise necessary. All our parents helped in some way so we gave a gift to my parents and a gift to his.