(Closed) Engagement ring cost –

posted 7 years ago in Rings
Post # 16
2235 posts
Buzzing bee
  • Wedding: June 2015

Ideally there shouldn’t really be a rule. If the woman likes jewelery and/ or rings then I say it’s worth saving and spending a couple of months salary or more. If she would think that’s a total waste then spend less. I think a lot of women who aren’t generally into real gemstone jewelery get excited about engagement rings so it’s dangerous to assume a woman wouldn’t be fussed on the basis of her existing jewellery.

I spent a couple of months salary net of tax on a watch for my Fiance so it’s not all one way traffic. My e-ring was probably 3 times his gross salary which is double mine.  

People do go on about it being about marrying someone you love and not about a bauble, and that’s right, but a costly ring (or watch) is a demonstration and permanent testament to the fact that someone is/was happy to spend a significant amount of money on their SO to make them happy on the threshold of marrying. As money is a medium of exchange that most of us receive in return for our time and labour, it is a signifier. Thats why many women are unhappy if they sense their Fiance hasn’t put time or effort into buying the best ring they can afford, it’s not greed for the money, it’s the fear that their happiness doesn’t balance the opportunity cost to him of not spending that money and time on himself. Engagement rings have a totemic value in our society, for good or for ill.

I know lots of people will disagree. 

Post # 17
134 posts
Blushing bee
  • Wedding: January 2015

Mine was $10000 without the wedding band. Band is vintage and belonged to my great great grandmother

Post # 18
1156 posts
Bumble bee
  • Wedding: June 2014

Everyone has already given great answers. It does depend on where you live as well as if you want a designer ring, a custom ring, etc. All those things add to price. We live in Dallas and mine was 12K. 

Post # 19
177 posts
Blushing bee
  • Wedding: October 2015

View original reply
DAP103:  I’ve always heard the “two months salary” rule, but I always thought that was a load of crap. I don’t know anyone who has a ring over $1000 besides my Future Sister-In-Law. My ring was $300 and I love it! Spend what makes you comfortable/what you can afford.

Post # 20
317 posts
Helper bee

Mine was $950, because we knew we’d be upgrading to a Veraggio soon.  We’re saving to get it but couldn’t wait to get engaged! 🙂

Post # 21
492 posts
Helper bee
  • Wedding: February 2012

Mines will average about $2,600-2,800 

Post # 22
1744 posts
Bumble bee
  • Wedding: April 2006

I agree that where you live can be a big factor, although with online shopping these days, the sky’s the limit. I come from a small, rural town in Canada. Most of the erings around here are of modest size, generally 1ct or less. Most hover around the 0.50-0.75 ct mark and usually the cost is between 1-4k. I think this is why I personally find smaller, daintier style rings more to my taste, and the big, flashy, sets are just too Hollywood for this small town girl.

Post # 23
7225 posts
Busy Beekeeper
  • Wedding: December 2012

Spend what you’re comfortble with and can afford. There is no right or wrong answer, spending less than someone else does not mean you’re less in love or your SO is worth less.

Post # 24
144 posts
Blushing bee

Like everyone has said, there is no “avearge”. As long as you dont put yourself into debt and be reasonable with yourself, you will be in a good place.

I had a set budget and went over it because I wanted something specific. I spent what I could afford in cash and do not regret one bit of it.

Post # 25
771 posts
Busy bee
  • Wedding: September 2016 - Blue Hound Farm

View original reply
pizano_a:  if you don’t mind me asking, where did you get your ring? That sounds like a great deal…

Post # 26
10 posts
  • Wedding: June 2014 - Sonoma, CA

Mine was $45k with a 2ct near flawless center diamond and total weight of 2.78cts. I live in San Francisco where I’d say 20k is the absolute lower bound you’ll see on most women, and it’s not unusual to see women with 70k-100k rings.  As others have said I think it really depends on where you’re living.  

When I visit my friends in Montana people stare at my ring with judgey eyes, then I come home to SF where some people are just not that impressed with what I’ve got.  My point being that you can’t please everyone and people are always going to judge your ring whether it’s huge or humble.  Get what you like and spend what you feel comfortable spending, those are the most important things! 🙂

Post # 27
79 posts
Worker bee

View original reply
DAP103:  My Fiance spent $8k on my engagment ring.  I’m with these ladies when it comes to cost of engagement rings – spend what you can afford as it is supposed to be one of the most exciting moments of your life but don’t go overboard that the both of you will worry about money; you can always upgrade down the road.  

Post # 28
3936 posts
Honey bee


There’s no average. Spend what you want.

We spent $500-ish on an a-band for my e-ring; we “upgraded” it to a $1,000-ish band (it stacked better) that I don’t want to upgrade again, since I would miss it.


(ETA: Both YG, before the price of gold skyrocketed, so I’m pretty sure that they’d easily cost twice as much now.

Another thing that I think is worth mentioning, involves lifestyle and COLA. We’ve moved quite a bit and different areas may put your ring in good company or not. Also, career path changes also means a ring that is “fitting” to two professionals wouldn’t quite fit with new peers in new careers, so, if you think that could bother you, keep it in mind.)

  • This reply was modified 6 years, 10 months ago by NFLwidow.
Post # 29
106 posts
Blushing bee
  • Wedding: July 2015 - Calamigos Ranch

Here’s my best shot at an average: 

“According to the most recent data from a 2013 report by Jewelers of America, couples spent an average of $4,000 on an engagement ring in 2012.” 

My fiance bought mine for $12K. He hand picked the diamond himself and had a custom setting made. His childhood friend’s husband is a jeweler so we got a great deal! 1.6 carat princess cut with great specs, and a half carat pave band. I love it! 

Post # 30
299 posts
Helper bee
  • Wedding: September 2017 - Red Rock Canyon, Las Vegas, NV

My final cost is $1970. My stone is from Moissanite Co and mounting and stone setting by JamesAllen.

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