(Closed) Common Price to spend on an e-ring?

posted 5 years ago in Rings
Post # 3
Member
4439 posts
Honey bee
  • Wedding: January 2013 - Harbourfront Grand Hall

@holister:  I’ve seen a few articles that say the average is around $3500, you can search old posts asking bees how much theirs cost!

Post # 4
Member
11349 posts
Sugar Beekeeper
  • Wedding: May 2009

I’m sure that someone can give you statistics detailing average prices, but, on Weddingbee, I’ve seen bees post that their e-rings cost less than $100 to more than $25,000.  It really depends on the couple and their wants, priorities, and resources.

Post # 5
Member
4962 posts
Honey bee
  • Wedding: August 2013

it’s a big range. My friends e ring was $400, some of my other friends were like.. $20,000. :

Post # 6
Member
5423 posts
Bee Keeper
  • Wedding: November 2012

I think the average cost in the US is about 4 or 5 thousand.  But the range is too vast to really give a solid monetary answer. 

One should spend what one is comfortable spending on such a ring.

Post # 7
Member
2050 posts
Buzzing bee
  • Wedding: May 2013

I think it depends as PPs have said.  He spent probably (with the upgrade) between 10k and 13k.  My friend’s engagement ring was $200.  It varies by couple.  🙂

Post # 8
Member
269 posts
Helper bee

my fi got my ring on clearance from sears it was250 after the 70% off.

Post # 9
Member
8455 posts
Bumble Beekeeper
  • Wedding: April 2013

I think the tradition is 2 months salary.  My Fiance spent way less than that, but you also have people spending way more.  I would say the average and the mode of engagement ring prices is going to be very different.

Post # 10
Member
8042 posts
Bumble Beekeeper
  • Wedding: December 2013

@holister:  I usually hear around $5K for North America… but as PP have said, there’s a huge range. Depends on priorities, income, age, etc.

Post # 11
Member
1148 posts
Bumble bee
  • Wedding: June 2014

I don’t think there is a ‘typical.’ I think this is a personal choice unique to each couple. Like others have said, many spend well under $1000 and many spend well over $20k+.The amount people can afford varies so widely, and many people choose to spend much less than they COULD afford if they had chose to do so. I think it comes down to priorities (How important is the actual ring to you? To him? How will spending X on a ring affect your other finances for the future? etc)

My personal opinion is that this should be an open and honest discussion between you and your fiance to be, where you get all feelings about the matter and financial contingencies out into the open, and then you go from there. Don’t worry about what others spend.

 

Post # 12
Member
553 posts
Busy bee
  • Wedding: July 2013

BIG range. But, let’s put it this way: My SO just finished his master’s degree and began teaching this year. His salary is 45k. My salary (also have a degree and part of the recession’s “underemployed”) is a mere 25k. He spent 1500 USD on my ring. He has student debt, and some CC debt. I have a car payment, some CC debt, but no student debt. He took out an interest-free loan from the “bank of dad” and will pay his dad something just under $400/mo from Dec. to April. Any more than this and we’d be spending way beyond our means. Now, he actually didn’t really save anything significant prior to the purchase, so that can make a difference for sure, but I hope that gives you some perspective. We certailny took into account the amount of debt we have vs. our salaries vs. our cost of living and came up with a number that wouldn’t hurt us, but that would yield a descent size ring.

Post # 13
Member
751 posts
Busy bee
  • Wedding: November 2013

I don’t know what the “average” is, but I know my Fiance spent more than I would have thought he should. We have a house and bills. We could have paid a lot of bills and house payments with what he spent. 

Post # 14
Member
2743 posts
Sugar bee
  • Wedding: October 2014 - Disney

@housebee:  I refused 2 months salary. I had a hard enough time swallowing it being over the 5k I wanted it to max out at and it lead to arguements of him wanting me to have the best. The total at around 7500 was still under 1 month’s salary for him but still a hard swallow for me. Atleast she appraises for double. The two month thing makes my head explode in all honesty.

 

I’m with you though in it varies from couple to couple. I just think 2 months salary is redorkulous.

Post # 15
Member
7992 posts
Bumble Beekeeper
  • Wedding: July 2013 - UK

Depends where you live. I would imagine the average spend within my peer group is about £750-£1500. But then, UK bees spend less and have smaller stones because there is a certain stigma attached to having a huge rock.

Post # 16
Member
6359 posts
Bee Keeper

I agree that there’s a huge range, and some factors that affect it include:

– How old you both are

– What jobs you both have

– Where you live

– Both of your taste in rings (there’s no need to max out what you could have spent “just because,” if you find what you want for a better price!)

– Both of your willingness to go into debt for a luxury item (I STRONGLY recommend against this!)

– Both of your interest level in “keeping up with the Joneses” (the Jonses are miserable, if you’ve noticed… but that’s a big deal for some)

– What else you’re saving up for (or paying down!)

There are beautiful rings in every price range, there truly are.

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