(Closed) How cheap is too cheap for an engagement ring?

posted 8 years ago in Rings
  • poll: How many months of salary should be spent for an engagement ring?

    0.5

    0.75

    1

    1.5

    2

    3

    4-6

  • Post # 107
    Member
    1581 posts
    Bumble bee

    @may_wedding:  I said 4-6 only because we don’t make much as grad students. In normal people who already have their doctorate terms it would be like 1-2.

    Post # 108
    Member
    36 posts
    Newbee
    • Wedding: June 2013

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    @Rachel631:  My fiance paid 4,000ish for my ring. Because we are in our 50’s it didn’t mean having a payment plan or anything. But it really does not look expensive. I’ve seen very inexpensive rings that easily out-flash mine. I didn’t want a stone that would make people in my life feel like theirs was cheap. I actually had the stone taken out of beauitful ornate setting and placed in a very plain four pronged setting with a very narrow band.

    However, I’ve been married before and he knew that I had given my son, my last diamond to put into a new setting when he was getting married, and that the stone had appraised at 6,000. He wanted to get something at least comparable to that one. I didn’t want to spend that much, so we compromised.

    But trust me, I won’t get mugged for this ring. It’s just a good stone and woudn’t strike anyone as pricey.

    Post # 109
    Member
    36 posts
    Newbee
    • Wedding: June 2013

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    @Rachel631:  A friend of mine who worked in a jewelry store used to tell her customers, “If you want a big-looking ring on a budget, get one that the weight is all on the top surface, not one that sits deep in the setting. Settle for imperfect gems that people won’t notice, and by round, not square, and get a tall setting.”

    I had a ring years ago that I absolutely loved (my fiance had anger issues and I tried to give it back, calling off the wedding. He wouldn’t take it back because he owed me so much money — my sister has it now.)

    When my sister had it appraised, we found out it had a HUGE chunk of coal in the center, clearly visible to the naked eye. I still didn’t care. I still love that simple, inexpensive ring.

    But wealthy people (I was not even close) always look at jewelry as an investment, so they select carefully. Funny, with the huge mark-ups on jewelry, they would really have to increase in value to show a worthy profit.

    A ring should come with certification, even if you buy it second-hand or online. It tells the size, weight, clarity and inclusion — like the chunk of charcoal.

    I know something about diamonds, now, but could never tell you when I see one on someone’s finger if it’s expensive or not.

    And it shouldn’t matter with any ring I wear. Between lotions and cooking and domestic duties, mine’s usually foggy, anyway.

    For me, it is about who’s giving it to me, and what it means. Ring or no ring, I’m the luckiest girl in the world, to find such a sweet and enjoyable man. I didn’t think I cared if I even got a diamond. It was the bands that were important to me. But somehow, seeing it on my finger, is nice.

    Post # 110
    Member
    1460 posts
    Bumble bee
    • Wedding: March 2015

    No ring is ever too cheap, as long as there’s sentimental value behind it.  And time is money too, if the guy has spent days and hours on finding you that perfect ring, it doesn’t matter how much it cost.

    My ring will end up costing 2-3 months salary.  SO actually had a bigger budget in mind for my ring but I told him it was unnecessary and we cut it down to 2/3 of the original amount.  Yes, we could spend less on the ring but we agreed that we wanted to prioritize a nice ring over a wedding.  The ring money is also not cutting into money that could be used for something else.  He maxes out his retirement, he’s putting down a 30% down payment on our condo purchase (in the NYC area), and in the end there’s still going to be money left over for the wedding.  So I think in the end, it really depends on the couple and their values and situation, not the man’s salary.

    Post # 111
    Member
    3822 posts
    Honey bee
    • Wedding: August 2013

    Everyone is different. We looked at quality over cost. If my Fiance is pleased with the quality, then he will pay the cost. He did. It was about 3 times his salary. I’m not saying this is what everyone should do. It worked for us. 

    I gave him a carat range and a style. He did the research on good diamonds and it just worked out that way.

    Post # 112
    Member
    87 posts
    Worker bee
    • Wedding: February 2012

    Since a ring is not investment, I would not let him spend more than 1/2-1 month salary on it. I personally would not spend more than a few hundred on any jewellery piece, I get bored of all of them no matter how pretty they are.

    Post # 113
    Member
    593 posts
    Busy bee
    • Wedding: March 2013

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    @TaurianDoll:  This is so horribly nosy of me but I have to ask, 3 times annual salary?! Or was that monthly salary? If it was annual I wish I had his saving skills!

    Post # 114
    Member
    6351 posts
    Bee Keeper

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    @paulabrochu:  I really love everything you said. Reading your posts above was like taking a big breath of fresh air 🙂

    Post # 115
    Member
    3822 posts
    Honey bee
    • Wedding: August 2013

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    @Honey-Bee:  LOL monthly, not annual. 🙂 

    Post # 116
    Member
    5407 posts
    Bee Keeper
    • Wedding: June 2014

    Well for me the price of the ring wasn’t based on salary. We got engaged while we were students and working part-time. Our combined yearly salary was just under $10,000.. I didn’t have a minimum price in mind, but my max price was $2000. My ring cost $1500 and I think that’s was and is the perfect amount for us.

    Post # 117
    Member
    192 posts
    Blushing bee
    • Wedding: December 2013

    I’ve never asked about the price of the ring and Fiance has never told me. I prefer it to be this way. I think ring pricing is an extremely specific and private issue for each couple and all these rules about salary etc are just ridiculous. 

    Post # 118
    Member
    85 posts
    Worker bee

    I didn’t vote because I don’t believe that people should feel like they have to spend a certain amount on a ring. It should be up to the couple how much they  feel comfortable spending on a ring. Honestly, I wouldn’t mind if my partner got my ring for $1 if it was something I liked and he picked out just for me. I want to be engaged to him for many reasons, none of which are the new jewellery that come from it.

    Post # 119
    Member
    911 posts
    Busy bee
    • Wedding: October 2013

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    @Lvitza:  Me too 🙂 And I like variety. In addition, there are so many cool gemstones and styles to limit to just 1!! (and yes, I consider CZ to be a gemstone)

    Post # 120
    Member
    3716 posts
    Sugar bee
    • Wedding: City, State

    I think there can be no set rule. My Fiance spend one month (pre-tax) and about 6 weeks take home on my ring. The ring I requested was less than one month take home.

    However, my Fiance makes very good money and bought the ring using his debit card without savings. Honestly, I would have been fine with a much less expensive ring if my Fiance had to save for it. I think the price point is just to show effort.

    Post # 121
    Member
    6351 posts
    Bee Keeper

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    @ponyrider:  i know you only meant colloquially, but apparently, “According to FTC regulations, which guide the gem and jewelry industry’s trade and advertising, only natural mineral and organic materials can be legally and ethically sold and advertised as “gemstones”.”

    http://www.bwsmigel.info/GEOL.115.ESSAYS/Synthetics.Simulants.Fakes.html

    I found that surprising as i think I’ve seen them decribed as “gemstones” by vendors all the time. Or maybe they only use the word “gem,” to which that regulation might not apply.

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