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Engagement rings are complicated!

posted 2 years ago in Rings
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    1.
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    Bee Keeper
    KMSull    August 7, 2010   Lexington, KY (via Atlanta, GA)

    So. Boyfriend is starting to think about the engagement ring and how much it will cost. He asked me the other day how much the average engagement ring costs, and I had no idea. Google says $3400-$4000. It sounds about right, but when I look online... oh the shiny is all around. And much, much more expensive than that. If you don't mind sharing, how much did your fiancee spend?

     
    2.
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    His Barista    September 4, 2010   Spokane, WA

    $780....it all depends on where you go and if you shop around. Oh, and how fancy you want to go. I would never let my FI spend that much on a ring!

     
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    stephinPA    October 29, 2010   Reading, PA

    mine spent $825 and this included two bands as well.  BUT, we lucked out because we reset diamonds that were my grandmother's.  So we got a killer engagement ring and two diamond bands.  If you have any diamond hierlooms, it's the way to go.

    Otherwise, once we got the appraisel and almost fell over, there's no way we could've afforded what we got.  But on average, I would say most typical rings are between 3-6 grand. Don't forget you also have the option to finance the ring if that's what he wants to do.

     
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    Helper bee
    Anonymous      

    I picked out a three stone white gold at Kay for $1,500. FI decided he liked the sparkle and shine of the Leo diamond so he spent close to $4,000. It all depends. He had a good chunk to put down and he put the rest on a Kay card for a year of no finance charges and no interest. He bought it in February and it will be paid off by December because we are both paying on it.

     
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    Buzzing bee
    JoesWifey    May 24, 2009   NYC/Wedding in Indiana

    My fiance overspent because he want to Tiffanys so he could have gotten the same thing cheaper somewhere else. I think it was between 9-10k, but he didn't tell me exactly. I bet you could get a ring for $4,000. I see an ad in the paper here that usually lists a few rings in their store that are under $5,000 and they are pretty nice rings! Platinum is quite pricey and you have to remember if you get platinum engagement ring, youll probably have to get a platinum band as well.

     
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    Worker bee
    megeileen      

    Just under $6,000 for the engagement ring--we wanted to stay under $10,000 for all three rings (engagement ring and both wedding bands), which we did!

     
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    Honey bee
    Meowkers    August 27, 2011   Los Angeles, CA

    I really don't think there's an average. It all depends on your tastes, location and resources.  Mine was around $10K.

     
    8.
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    Bee Keeper
    Future Mrs. Martin    August 21, 2010   London Ontario Canada

    Mine was $2000!

    You can definitely fit rings in your price range! The quality and size of the main diamond are usually the main price factor!

     
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    crebre80    November 20, 2010   Baton Rouge, LA

    it also depends on the type of stones that you like, do you like diamond or non-diamonds engagement rings?  Usually whatever you find can be found cheaper if you or your boyfriend are looking to price compare.  Around the holiday season the jewelry stores start having sales as well.  Have fun looking!!

     
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    Honey bee
    krissycake    November 21, 2009   orlando,fl

    apx $6k

     
    11.
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    Bumble bee
    lemondrop    March 13, 2010   Arizona

    Just under 2K for a custom ring: sapphire, 18k gold band with platinum bezel.

     
    12.
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    Buzzing bee
    MissGreen    July 2009  

    First and foremost find your style and what you want and then you can always negotiate. Find your cut, settings etc that you love. No matter what you will find something in a your price range. Find something your comfortable with. My ring is exactly for me but I definetly was a lil shocked and uncomfortable with the price when DH told me. He paid around 7k, I have a 1ct princess cut solitare. He could have went somewhere and done it cheaper and maybe bigger, though not my taste, but he is about quality over quantity. I received a high quality stone. No matter what price you pay whether its .99 or 20k, its one of the most priceless things you will have that will always be a treasure to you! Good luck!

     
    13.
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    Minutiae    May 2011  

    My SO implied a $4,000 ring in the past and more recently, a $20,000 ring!

    Surprised

    If he pays that much for a ring, I'll kill him.

    OK, probably not.

    But still. The man has to be reasonable. The engagement ring can't cost more than the entire wedding.

     
    14.
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    Busy bee
    coconutmellie    March 2010  

    70 dollars for both rings. I wish we could do more. :(

     
    15.
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    dachshund    May 22, 2010   Fresno, CA

    FI and I decided to go with moissanite.  We got a ring with a beautiful setting and a 1k center stone for $780.  I couldn't be happier with it!

     
    16.
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    trailmix      

    I THINK FH (his family helped him) paid between 7-8k for my ring...But there are definitely GORGEOUS rings out there for less! If you like the style, antique or estate rings can be a great way to find a beautiful diamond for cheaper....

     
    17.
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    Busy bee
    eurekaanchovies    March 27, 2010  

    $0, thankfully.  My ring was the exact ring and band worn by my fiance's mother, and the diamond in the ring was originally owned by his grandmother.  I agree with a previous member who suggested using heirloom diamonds if you can.

    If this ring hadn't materialized, I probably would have opted to go without an engagement ring.  They are excruciatingly expensive, even at the low end.  That money is better spent on a house, or a honeymoon, or--gasp!--a savings account!

     
    18.
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    Bumble bee
    cheerful    September 2009 - eloped  

    1.68 ct total weight in platinum for about $7500 and I love it.

     
    19.
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    Blushing bee
    JoeyEmma    1st Aug 2010   England

    I have no idea how much my ring cost. DF let me try on some. When we went to see our jeweller he had told him a budget in advance and the jeweller only showed me things I could have. I actually chose a stone and had the setting made. I was quite clear to DF that if my design went over budget, even slightly, he was to tell me and I was to redo the setting.

     
    20.
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    Bumble bee
    Gilneas    October 10, 2010   NJ

    My original engagement ring was a little over $100,  and it was perfect and lovely but it was NOT a diamond.  The band snapped two months ago, and we had the stone (a large mystic topaz) reset into a new 18k white gold engraved band and prong setting, and it was a little over $700 (which we actually offset the entire cost of by sending old gold jewelry that my mom and I had to the place that made the ring).

    It depends what you want, what you are looking for, and what your budget is.  The "three months salary" and the whole diamond engagement ring business was created by DeBeers and has been ingrained in our culture.  I know that, and I still wanted a sparkly ring, but did not want my fiance to go broke doing it.

     
    21.
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    Blushing bee
    princetonbride    8/29/2009   NJ

    we got all of our rings from bluenile.com they have really high quality stuff but less expensive than jewelry stores (no overheard, small staff, etc.) i know that my ring's appraised value is $8900 since i just went ahead and got the insurance on it, but on blue nile the price you pay is usually about half of the appraised value. check it out!

     
    22.
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    Helper bee
    carri38707    May 14, 2010   Chicago; Wedding @ Punta Cana

    I think he budgeted for ~8K, but in the end, it ended up being over 10K.  in retrospect, i almost wish he hadn't spent so much and that we could push that $ over to the wedding...or furniture...oh well! too late. i DO LOVE my ring though!  We also shopped whole sale diamond dealers - definitely cheaper way to go than going to a ready-made jeweler.

     
    23.
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    Busy bee
    BrooklynBride10    October 9, 2010   nyc

    Mine was custom made, with one sapphire and two diamonds, and cost around $5000

     
    24.
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    Busy bee
    CHK    July 10, 2010   Northern Idaho

    I'm not certain what the final bill was, but I'm certain it was more than the $4k budget I thought was reasonable. Its an .85 carat asscher cut in platinum. It was a custom piece and I love it. Asschers have to be really high quality since their cut can't hide flaws. Its a D grade. He's mentioned that he paid more for my ring than any of the other engaged dudes we know. I'm guessing between $5k and $7k.

    I don't care. I'd have married him with a nickel candy ring!

     
    25.
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    Newbee
    BeatleBeauty    August 14, 2010   Concord, NC

    I fell in love with my ring one week, went back with FI the next and it was on sale for half off! We got it for a little over $2000!

     
    26.
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    ErinMarguerite    July 2009   DC Area

    We bought an antique platinum setting and put a 1 carat sapphire in the center for $2,700.  You can find a ring in just about any price range!  good luck.

     
    27.
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    Busy bee
    BrianneG    June 5, 2010   Redondo Beach, CA

    We bought a diamond off the internet because I wanted a cultivated diamond (made in a lab, not mined in Africa). We had the setting made by a jeweler that's the mom of a friend of a friend. So 0.55 carats (VS2, light blue that looks white, round cut) in a 18K white gold solitaire setting. Anything bigger than that would look too big on my tiny hands. My ring size is a 3.5 and it still feels a little big. The whole thing cost less than $3,500 thanks to the lack of sales tax on the internet.

     
    28.
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    Busy bee
    bamm    June 5th 2010/August 15th 2010   Seoul

    I actually bought my ring myself (FI is paying me back^^) because I was back in Canada where there is more choice and better options than in Korea. When he told me I could look in Canada, I was a little confused.  Did I have a budget?  If I spent $10 000 on a ring...would he flip out?  His budget constraints were simple...'If you can't imagine yourself riding safely on the subway with it on...you really shouldn't buy the ring.'  That was very practical and sound advice. I found a ring I love for about $2100 CND.  It is beautiful but tasteful, and I don't feel guilty about the amount he has to pay for it.  A friend of mine has a HUGE gorgeous ring, but she feels uncomfortable wearing it every day.  I want to wear mine all the time, so it was important for me to find a ring that was appropriate for every day wear.

     
    29.
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    frozen yogurt    April, 2010  

    No clue, but I know that he got the diamond from blue nile and made the setting with a jeweler.  I definitely recommend blue nile.

     
    30.
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    Buzzing bee
    kayakgirl73    October 31, 2009   Virginia, (wedding in WV)

    About $6000. 18K white gold solitaire. Diamond is .90 carets.  I can't remember the specs but they were good.  Our bands are cheap though. Just a plain white gold band for me and an 8mm yellow gold band with a tiny bit of milgrain for him for about $700.

     
    31.
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    pmerr    August 14, 2010   Rochester, NY

    my e-ring cost just under $400 from Walmart. They really have great rings there & I love mine! It's white gold & 1/3c with bagettes.

     
    32.
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    blightygirl      

    For everything (my e-ring/w-ring and his w-ring) we paid just under 5k...not bad since all are custom made.  My sister's 3-stone ring was $700 (including insurance)because they used a family diamond for the center and the setting was on sale at Jared's.  Regardless, we all love our rings.  =)

    But it really does depend on what you want.  What size diamond?  Do you even want a diamond?  What metal for the setting?  Do you want sidestones?  A halo?  Engraving?  Do you want a brand name jeweler?  All the answers will help you narrow down the cost of your ring.

    HTH!

     
    33.
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    Sugar bee
    KellyV    September 12, 2009   New York, NY

    I dont even want to tell you what my FI spent on my ring - it was a lot because it is colorless, near flawless and quite large.  I can tell you though, that there are a TON of factors that contribute to the cost.  If you go to a chain store (Zales, Kay, etc) they tend to be a bit cheaper (in price, not necessarily quality) because they are not and most of them cannot be IGA certified.  Certain cuts are more expensive, the quality and color and obviously carat weight contribute to the cost, the metal and settings contricute to the cost.  It is totally dependant upon what you/he picks.

    They say your ring should cost 2 or 3 months salary (I cant remember which) but honestly, you can look at a range of several hundred to tens of thousands of dollars.  Shop around to see what you can get for which price and youll have a better feel!

     
    34.
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    MrsTran    6/5/2009   New Orleans, Louisiana

    my ring was 7500.  its white gold, round cut over 1 carat diamond. 

     
    35.
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    stiletto    September 2009   Chicago

    Mr. S told me he could have gotten me a much larger diamond, but at less quality, or get me the diamond he did that is pristine in cut, color, clarity. I'm glad he went quality over quantity because my diamond is extra sparkly! But, he did choose a diamond that's just barely under 1 karat...not something that we would notice, but when it comes to the cost that helps a bit too, keeping it under the 1 karat mark.

     
    36.
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    Worker bee
    cjaruba    10/31/09   Palm Beach, Aruba

    I think a lot depends on age. I joke with my fiance saying 'the older the woman gets the bigger the diamond gets'. I'm in my later 30's and my fiance is mid 40's so we spent a bit. I did get engaged once for a while when I was younger and that ring was only about $2000. The more established you are in your careers, the easier it is to spend a lot, but when we're younger we have to be more practical I think. I will say that he first looked at a .95ct at Tiffany's for $14,000 (obscene isn't it?) and ended up getting a 1.72ct "Excellent cut/E color" at a 'wholesaler' for a little less so be sure to shop around. Also - rounds are more expensive than fancy cuts like princess (but they also sparkle the most). And we saved a ton by having the Cartier setting I fell in love with custom made. You absolutely cannot tell the difference!

     
    37.
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    Helper bee
    Laura27       Oklahoma

    I'd say that price is the least complicated part of the engagement ring, lol.  I did a TON of research because SO leaves for work at 6 and rarely gets in by 5, most of the time it's a lot later and then he still has reports to fill out.  So, I knew he wouldn't have the time to do all the legwork.  And he rarely makes a purchase without researching it first.  So, figure out what specs you want and go from there.  For example, I knew I wanted an Ideal cut round, no lower than I, and eye clean on a thin pave band.  Then I looked online to see what I could get in our budget...he told me no more than 8K.  If having something that's colorless and flawless is the most important thing to you just know that you'll pay out the rear or have to settle for something smaller than you hoped for.  For me, the most important factor was the cut.  It had to be ideal.  I would rather have had a smaller stone that sparkled like crazy than a bigger stone that was dull and lifeless.  Go to a Jareds and ask to see the Hearts on Fire stones and compare the colors.  I was amazed at how I couldn't really tell a difference between an H and a higher color stone.  If you lower the color you can get a bigger stone.  Same for clarity...I didn't feel the need to have a VVS or VS stone because to me, it seemed silly to pay for something that I couldn't see.  In the end we picked out a 1.33 ct Ideal cut G Si2 that was eyeclean.  With a Stardust pave band it came out to 6500K. 

    Sorry for the long post!  But a few times I went looking the jewelers were trying to sell me on diamonds that I knew weren't a good buy....way too high of a price for crappy quality.  If I hadn't done all of the research I would've just took them for their word and probably would've had buyers remorse.  It's such a large purchase that you want to make sure you getting the best your money can buy.  Happy hunting!

     
    38.
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    Helper bee
    Miss Paris    June 19, 2010   Paris, France

    I would just like to coment that Hearts on Fire is a pure marketing scheme.  Cut is very important and often neglected for the other C's.  I would take a classic round cut anyday over a Hearts on Fire, the table is larger and the facets are quite distracting.

     
    39.
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    Helper bee
    rmw61111    June 11, 2011   Michigan

    My FI spent $2500, which includes a warrenty.  And that was actually on sale.  He didn't have to spend that much. I sort of think he spent too much.  Mine has the center diamond, which is a .5 caret.  Then 10 other diamonds under it/around the band, which total another .5. So it's 1 caret total.  Good luck. And don't let him spend too much!

     
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    Worker bee
    Neutrina    October 1, 2012   Dallas, Texas

    mine is pre-owned vintage $350 (cushion cut sapphire)

    Gemstones are traditional and it's what my ancestors wore.

    Regardless of cost, you will know the ring you'll want to wear for years to come when you see it.

    Engagement rings are complicated! :  wedding ring cost money awkward Ring5smallpiccut3

     

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