(Closed) How much?

posted 7 years ago in Rings
Post # 31
Member
7877 posts
Bumble Beekeeper
  • Wedding: February 1997

it is incredibly subjective. Everyone has different priorities, different financial situations and different views on the value of engagement rings or jewelry in general. What one person considers average might be a huge sum to someone else, and very inexpensive to someone else. That’s why there are rings at all price points.

Post # 32
Member
332 posts
Helper bee

I get a LOT of joy from my jewelry. I’m truly a jewelry lover. I love looking down at my hand and seeing something beautiful and meaningful–it makes me happy so many times throughout the day. 

I honestly would rather spend large sums of money on something like a ring than on a vacation. Yes, vacations are special and important… But a ring lasts forever, and serves as a constant reminder of the love I share with my fiancé. He spent a ton of money on my ring. It’s what he wanted to do, and I certainly wasn’t going to stop him! However, it wasn’t an unreasonable sum when you consider our projected incomes once we finally graduate. 

Since I love jewelry so much, I don’t think there’s any limit that I would be “uncomfortable” with if I could buy the ring without having to make major sacrifices elsewhere. That is entirely dependent upon income and savings. 🙂

Post # 33
Member
1706 posts
Bumble bee
  • Wedding: July 2012

That depends entirely on the couple. Income, lifestyle, personal tastes and preferences,whether or not they are willing to go in to debt, all these factors play a role in how much is “too much” to spend on a ring.

When our income was around $40k a year, my original engagement ring was $425 (14k white gold and 9x6mm pear cut Asha).

We now make around $120-140k a year, I just bought an Amora Gem center stone that ran us a smidge over $2k, and expect the setting to cost somewhere between $2-4K.

While we still have debt (student loans or mortgage), I can’t see myself spending more than $8k on a ring or jewelry of any kind (preferably 5k or less). When we are completely debt free and have tens of thousands extra every year to do with as we please, I may consider spending more than that if a piece really catches my eye.

Post # 34
Member
2868 posts
Sugar bee
  • Wedding: November 2015 - City, State

I feel like my own personal threshold for e-rings bordering on “too much” would be over $10,000. That number just seems like a significant chunk of change and sticks out in my mind as a lot for a piece of jewelery. 

I just imagine walking around with $10k on my hand and it’s kind of scary to think about…

Post # 35
Member
681 posts
Busy bee
  • Wedding: June 2015

I wasn’t comfortable with the cost of the ring for one piece of jewelry since I am frequently lose/break/misplace things.  We had differing ideas on what is “appropriate”, but both agreed that the ring should be an amount which is comfortable to pay in cash and nothing would be bought on credit.  I’m also happy that the insurance premium for jewelry is surprisingly low compared to other items I have insured.  :-/

Post # 36
Member
1339 posts
Bumble bee

Before getting engaged 10k seemed like a lot to spend on a ring, and before I knew anything about diamonds or rings I thought that would get a big blingy ring and I didn’t want that and didn’t want my man to go near that 10k figure. I don’t know exactly how much he spent but it’s around tHat, and my ring is very modest. I’ve realised since shopping for wedding bands, and learning more about diamonds that 10k doesn’t actually get you that much and I’d say most probably spend around that in my circle and we see all middle class. 

Post # 37
Member
5356 posts
Bee Keeper
  • Wedding: May 2016

We are 22 and both in college. He spent between 5-10k. I don’t know exactly how much, he just gave me that range. I know how much it was appraised for, but that’s it. 

We’ve been together for 5 years and he has had plenty of time to save. He paid for my ring in check. He also works full time and our bills are not substantial right now. His employer pays for his tuition, so he has less than 5k in student loans that will be taken care of in no time when we graduate. 

I disagree with 10k being average in my area. Most people, even older (late 20s) established people that I know, spent in the 3-5k range. My ring cost more than his dad and stepdad wives rings did, and they both make over 100k. But, my setting is very sentimental to us and that was the most important part of it for us. He is surprised by how “cheap” it ended up being and thinks it was worth every penny.

To me, “too much” would be over 10k. Even when we have money (I am very lucky and have a lot of money, but I pretend I don’t), I still would not feel comfortable with 10k on my hand. I’m hoping that my ring was on the lower end of his range, but I’ll never know. 

Post # 38
Member
570 posts
Busy bee

Too much to me is anything over $2000, tbh.  My ring cost less than $1000 and we both don’t earn very much

Post # 39
Member
153 posts
Blushing bee

Mine was $12k but I think it depends what you earn we are very set up so that seemed very reasonable.  I think whatever you dont need to go into debt for or stay up night worrying about 

Post # 40
Member
27 posts
Newbee
  • Wedding: January 2015

For me, anything over $6000 is too expensive for a ring.. Besides you can always find a good deal from a local pawn shop or etsy.. Nowadays we have a lot of simulant diamonds that’s very affordable.. 

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