(Closed) SPINOFF: young brides with huge rings-how did FH pay for it?!

posted 6 years ago in 20 Something
Post # 181
Member
393 posts
Helper bee
  • Wedding: August 2015

i take back my comment, things are cheaper in the states.  or so my tv tells me

Post # 182
Member
538 posts
Busy bee
  • Wedding: March 2015

We are early to mid 20s. Mine was $16/1700  after tax and warranties. My dream ring was my .5kt princess in white gold.  We pay everything in cash. But for this we opened a card to gain credit in a simple way. Plus i didnt want him pulling out of saving for my ring when we could build up our credit simply for a ring. Win win for us. We talked with my mom about it first and it was a good idea for us. Everything else we have was all paid in full in cash like our family car. 

Post # 183
Member
773 posts
Busy bee
  • Wedding: July 2015 - Carmen\'s Lakeview

Mine was $1500 but the jeweller gave him a deal for $1200 for my .5carat ring. To me it doesn’t matter size or $$ spent. My fiance is a teacher and makes 70k a year (and I make about 45k). We have 2 cars (1 car payment), student debt, house and so forth so I didn’t want to go into further debt paying for a ring. Our wedding bands were $500 total for both of our rings. Wouldn’t change it for anything!

Post # 184
Member
551 posts
Busy bee
  • Wedding: August 2016

my ring cost 25k. my fiance is 8 yrs older than me and has been working, saving and investing since he was 15. he has a really great job now and i am still in university. he was able to buy my ring outright thanks to his savings.

Post # 185
Member
275 posts
Helper bee

Husband is 25, me 23. He has a good job earning 100k a year. My ring was well over 3 months of his salary.

Post # 186
Member
347 posts
Helper bee
  • Wedding: November 2015

Fiance and I paid together because I had/have expensive taste and at that point, all of our finanes were combined already. Ering and Wedding ring together cost in the 30K ballpark. Turning 22 in May.

Post # 187
Member
2092 posts
Buzzing bee
  • Wedding: May 2015

My ring was in the 7-8 k range, Fiance proposed to me when I was 21 and he was 23. He saved for it a little, had 1.5k store credit that went towards it, and I cut out a newspaper ad for the store almost a year before he bought it for “40% one piece of diamond jewelry” with no exp date (which they accepted). My band was originally 3,500 and I talked them down to 2,800 (appraised for 3,600). I paid for the band myself since I have a higher income than Fiance.

Post # 188
Member
1323 posts
Bumble bee

My ring LOOKS like a $24k ring…in reality it cost us $3100.

We decided on the Tacori Dantela 2620 lg after going ring shopping. Setting retails for $5100 in platinum. We had the money, were prepared to pay, but found the setting brand new, platinum, and in my size on Ebay for $1440. Good luck I suppose. Not concerned about not having the warranty, as we took out insurance on the ring.

As for the center stone, we had about 9k saved up for a 1.5-1.6 carat, excellent cut, G-H color center stone. Stumbled on Amora Gems, and being in the field of Ethics, appreciated the ethics of going with an alternative (and such a beautiful one at that). Cost us $1700 for a D colored, 1.71 carat Amora, which in diamond would’ve cost about 19k. 

We are both pretty well paid for our ages (22 and 23), had the money for a decently expensive ring, and we dont regret for one second spending around 3k on my gorgeous ring.

 

 

Post # 189
Member
1095 posts
Bumble bee
  • Wedding: December 2015

Proposed to right before turning 29, he was 29. 2.2ct pear.

He is very very very very fiscally responsible. We have very little debt, don’t own flashy things, save most of our income, etc. We only splurge on traveling. I actually credit him for me becoming a more responsible saver. Also, We are both blessed with great paying jobs.

Moreover, I did a lot of research before choosing a ring (like a year),  and actually used just half of the budget we had set up because I saw a deal on etsy I couldn’t pass up for a gorgeous ring that is now mine.

We had budgeted around 1 month of his salary; we spent half of that and had the ring appraised even higher. Our jeweler actually said “you got a huge deal if you paid less than X”… Which we had, by half. She was blown away. 

  • This reply was modified 4 years, 6 months ago by  Zelda1. Reason: added pic and budget considerations
Post # 190
Member
4 posts
Wannabee

tjacob2014:  sounds not much different from my situation.

we both live comfortably on smaller incomes, and she isnt the kind of person who feels comfortable carrying around >$3000 in a single peice of jewellery. For the budget, my options were a moderate quality stone in the 0.45-0.7ct range, with a $800-1400 band.

I found moissanite, and upon getting a loose 6.5mm (1ct size) stone, am extremely impressed. Theres zero reason to spend 8-15x more on a similarly specc’d diamond, and it lets me build a ring for <$2,000 that looks like it should cost $12,000. 

and if 

Post # 191
Member
12 posts
Newbee

I’m not engaged yet, but I designed my engagement ring (he’s picking it up tomorrow!) and it came out to a total of $3000 (0.5 carat diamond with 6 marquise sapphires and diamond melee on the band).

We’re both college students graduating this June, but my boyfriend basically had about half of it saved up (we’ve been dating 3.5 years) and the other half is from his very well-off uncle giving him and me a generous graduation gift that we just put towards it. I’m not sure when we’ll be married because he’s going to grad school this fall and I’m reapplying for closer grad schools, but I’m glad that he was able to afford my dream ring!

Also, we originally (about a year ago) had a budget around $1000 (with a 1/4 carat diamond solitaire on a plain band), but then we decided to up the budget because we really wanted this to be my “forever” ring since he wasn’t a fan of upgrading in the future.

Post # 192
Member
7 posts
Newbee
  • Wedding: January 2016

My ring has a 2ct pink sapphire center stone with about 1ct of diamonds in the band. It is valued at $7,000. I’m 25 and FW is 26. She is an RN. We live in a one bedroom apartment that we rent. We keep our living expenses low so we can save for a house and have the wedding of our dreams. 

Post # 193
Member
70 posts
Worker bee
  • Wedding: April 2016

My fiance bought my ring (conflict free!) for 5K, although it was valued at 15K. One of his close friends is friends with a diamond buyer so he essentially was able to cut out the middle man (Kay, Jareds, Tiffanys, Zales, etc.). I would definitely recommend that  because he got a ring that was “triple X” as they say, meaning excellent clarity, excellent cut, excellent color. As far as paying for it, he landed a pretty good job after he graduated and apparently used his signing bonus to pay for it. 

Post # 194
Member
576 posts
Busy bee
  • Wedding: June 2014

My hubby could have easily bought me a $10K ring if that’s what I had wanted. We were 22 and 23 when we got engaged. At the time that he bought my ring he had over $30K in his savings account. I didn’t want an expensive ring so my set was under $1000, but he would have happily spent $10 or $20K if I’d had more expensive taste. I’m glad I don’t though, I love my rings, and much prefer the way we used the money. We used some of the savings on our wedding, and kept the rest invested. It came in quite handy this year when we moved and couldn’t go through CMHC for our new mortgage. We were able to add it to the profit from selling our house and make a substantial downpayment on the new place so it wasn’t an issue.

The reason my Fiance had so much saved was because he’s a heavy duty mechanic, he has made a really good income (six figures most years) since graduating college at 19. He bought a house at 21, it’s never been a struggle for him to save money. I’m very grateful for his career. I’m used to pinching my pennies because I work in a low paying industry. I was pretty proud of myself when I had $5K in my savings, and that took me a few years of careful budgeting! I feel very lucky not to have to worry so much anymore!

Post # 195
Member
521 posts
Busy bee
  • Wedding: January 2016

My fiance’s an engineer and works a PT job in the service industry (the tips are surprisingly good) so that I could focus on school and so he could still spoil me. Don’t get me wrong, I told him not to and to stay home with my instead, but he likes providing for me and promised it would only be temporary. He let me pick out my own ring but gave me a budget. I came in under budget because I refused to spend an arm and a leg of his money for a ring. I felt so guilty! My ring ended up only costing $4300, which was way less than he said I could spend. He’s happy, I’m happy… Now if only I could get him to quit his PT job so we could hang out and plan our elopement together! 

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