(Closed) How much should an engagement ring cost?

posted 8 years ago in Rings
Post # 3
Member
8354 posts
Bumble Beekeeper
  • Wedding: March 2011

I think that as long as it fits with your budget and you don’t go into debt with it, it should cost as much as you can afford.

My ring cost too much, but we still got a great deal and I love my ring. Sometimes I feel a little guilty about how much was spent, but it didn’t put us in debt or break our budget, and I know I will love it forever. I would much rather have quality than a huge rock that doesn’t look as nice, and also know that it came from the heart.

Post # 5
Member
3871 posts
Honey bee
  • Wedding: November 1999

Another thing you have to think about is the quality of the diamonds.  My DH bought a certified diamond that is “certified” to be near colorless and so on and so on.  I don’t think I would have noticed if it was not colorless.   I think he spend a little more money because of the certification.  Either way I love the size of my ring and the setting he picked.  Plus with my small fingers, I don’t think I would want the diamond any bigger.  (Then again, this is coming from someone who chose a wedding band with less diamonds over a band with more diamonds because I thought it was just to flashy and blingy.  lol  The saleswomen was a bit confused that I chose the ring with less diamonds and the one with more diamonds was the same price as the one with less. hehe)

Post # 7
Member
21 posts
Newbee
  • Wedding: September 2010

Um, it just depends on the material it’s made of and like clarity. Mine was $8500 and then my bands were around $2000 a piece and I got two. I didn’t pick my ring out either, my FH did this all on his own. I think a lot of people spend an average of $4000-$6000 on the E-Ring.

Post # 8
Member
1288 posts
Bumble bee
  • Wedding: June 2010 - Indiana Memorial Union

I think it’s just whatever your fiance is comfortable spending. Mine paid cash because we couldn’t see financing this sort of thing. There’s no real standard of what you must pay!

Post # 9
Member
806 posts
Busy bee
  • Wedding: August 2010

My e-ring cost enough that it feels significant (much more expensive than any other piece of jewelry he’s given me), but is well within the bounds of what he could afford.  

Post # 10
Member
119 posts
Blushing bee
  • Wedding: May 2010

they cost what they are worth monetarily, but that has nothing to do with what they are worth to you. i adore my ring and my FH felt strongly that he wanted a high quality stone. would i have noticed if he went with something that wasn’t colorless? probably not, but it has the most sparkle and is stunning. you can certainly go bigger, but that’s not what mattered to him or me. the cost goes up exponentially when you get into colorless stones with no inclusions. they are very rare and somewhat hard to find, which is why the price is so ridiculous

Post # 11
Member
1066 posts
Bumble bee
  • Wedding: September 2011

I’ve heard of that 19k gold before, there’s a store here that does that too.  I can’t remember exactly why, but I think they said its a mix of gold and platinum or something, just makes it stay whiter or something, it was weird, but sounded like a good thing ๐Ÿ™‚

Post # 12
Member
4382 posts
Honey bee
  • Wedding: June 2010 - Ceremony - First United Methodist Church; Reception - My parents' house!

I didn’t want him to have to take out a loan or put it on credit, so we did the cash route like Ribs. It stressed us [read: me] out way less. ๐Ÿ™‚

Post # 13
Member
5263 posts
Bee Keeper
  • Wedding: June 2012

I don’t think there’s a real norm. It just depends on you as a couple, and where you’re at. We were big on not spending beyond our means, but we got the ring at cost, so I can’t say what I would have done in a different situation. 

Post # 14
Member
790 posts
Busy bee
  • Wedding: September 2010

I think I remember reading somewhere that it should be around 3 months of your FI take home pay so if he makes $2000 a month take home, your ring should be about $6000. The goal would be for him to have actually saved that money and not put it on credit.

Post # 15
Member
5263 posts
Bee Keeper
  • Wedding: June 2012

@waitingbee – just to take the pressure off, that’s a myth put out by jewelry stores to get more money. ๐Ÿ˜› Not to say that it’s bad if a ring does cost that much, but by no means is it the standard. 

Post # 16
Member
2390 posts
Buzzing bee
  • Wedding: December 2009

I sometimes feel guilty when I think about the cost of my ring.  Sometimes I’ll look at it and be like, “Dang…there’s a week long super nice honeymoon in the Caribbean just sitting on my finger.”  But, DH had the cash on hand and didn’t go into debt because of my ring, so we’re both happy with it.

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