(Closed) To Budget or not To Budget for your Diamond that is the question

posted 8 years ago in Rings
  • poll: Do you agree of disagree with the statement in this post made by DeBeers

    We set a budget for our ring and stuck to it, regardless of what we could afford

    We couldnt afford much, so we bought what our money would allow

    There was no budget, we broke the bank

    We realy didnt have the money, but I wanted to go big or go home.

  • Post # 17
    519 posts
    Busy bee
    • Wedding: August 2014

    We set a budget, but then I found a stone that came waaay under it and fell in love. We did agree that since it was a little smaller than we had initially agreed on that we would eventually upgrade to a three stone. 🙂

    Oh, and salary percentage? Something like a a week’s to two weeks’ pay. 🙂 I’ll get my big rock when we are older.

    Post # 18
    1364 posts
    Bumble bee
    • Wedding: June 2013

    I agree with the statement completely. I never understood why someone who knows nothing about diamonds in general cares so much what the specs are when a) they can’t honestly tell the difference, and b) they aren’t going to sell their ring anyways so what difference does it make? 

    Post # 19
    2336 posts
    Buzzing bee
    • Wedding: February 2015

    I set a budget that I wanted to stick to but Fiance had a budget in her mind that was a good chunk higher than mine. We ended up just barely under her budget.


    ETA: We spent about 6 weeks’ salary, though that didn’t have anything to do with the budget we set. We set it based on our current savings and how much of it we were willing to lose.

    Post # 20
    4097 posts
    Honey bee
    • Wedding: February 2013

    I say get what you want but don’t be stupid about it. In our case it was rent vs. ring and I chose the roof over my head. 

    Post # 21
    3108 posts
    Sugar bee
    • Wedding: August 2013

    If you’re shopping in a jewelry store looking for something that will “excite your eyes,” you can pretty much walk away with any stone in the store. When you get it into natural light however, there’s a good chance you’ll be disappointed. It’s easy to get wrapped up in the “4 Cs,” but I wouldn’t buy a diamond without knowing how well it was cut.

    Post # 22
    615 posts
    Busy bee
    • Wedding: December 2016

    I work with diamonds for a living and teach classes on the 4 c’s but, I think buying what you love is the MOST important thing. I think the 4 C’s are important nowadays because many people buy diamonds off of the internet. If you cant see it in person, then of course you need a standard to measure then against.

    But I am lucky enough that I get to see thousands of diamonds everyday. What matters most is the how they look. I am upgrading my rings and looked at diamonds today. I would look at the tag to see what Clarity and Color they were as an afterthought.

    Post # 23
    7111 posts
    Busy Beekeeper
    • Wedding: August 2013

    I’m not sure how to answer. I have a ring that was combined from two heirloom rings. So we never set an official budget, but it was significanlty cheaper than what we could afford. Like about 3% of my husband’s 3 month salary. If we had been buying new, I probably would have still bought well below what we could afford  because I’m just pretty frugal. I don’t think I could spend 3 months of salary on a ring, no matter how pretty it is! But it would be different if my husband had a lower paying job and I truly couldn’t find anything I liked unless we went up to 3 months salary.

    ETA: Since I have an heirloom ring, I don’t even know my stats. When I got on the bee I was baffled by all the talk about stats and still don’t really understand why they matter so much to some people. Pretty is pretty no matter the stone or it’s pedigree.

    Post # 24
    8601 posts
    Bumble Beekeeper
    • Wedding: September 2015

    You listed no option for:

    “we had a budget based on what we could afford and we stuck to it”


    Post # 26
    1470 posts
    Bumble bee
    • Wedding: March 2014

    There was no budget when it came to my e-ring and matching band. And that was solely my fiancé’s decision, not mine. 

    We did set a budget for our wedding, though. 

    Post # 28
    2449 posts
    Buzzing bee
    • Wedding: November 2013

    Whoever came up with this 3-month thing….did they ever take into cosideration that people who make minimum wage might want to get married, too?  They obviously don’t have a way to SAVE unless they live at home with mom and dad or someone else who supports them financially.

    Now I know that when the 3-month “rule” was made, it didn’t literally mean you couldn’ t get married….and it wasn’t taking everyone into consideration.

    It’s actually the dumbest thing I have ever heard….some marketing scheme to tell you you need to spend $XX dollars, without putting an actual number on it- so in theory, it could apply to everyone.  We want a quarter of your yearly salary.  

    It’s like Target telling you you’re not a good mom unless you spend X percentage of the total of each shoppng trip on toys.  



    Post # 29
    1699 posts
    Bumble bee
    • Wedding: August 1997

    @creeative1:  We didn’t have a budget per se, my dh bought my ering on his own without my knowledge. It was based on what he could afford. He said he saved for it prior to buying it.

    Sound advice to buy what you like versus only buying from stats. However stats are important as well.

    Post # 30
    599 posts
    Busy bee

    We didn’t really have a bduget. I fell in love with two rings and Fiance made the final decision. He was more interested in the diamond. My ring was about $12,000 … which is about his 3month salary. 

    Post # 31
    369 posts
    Helper bee
    • Wedding: June 2013

    Ugh. DeBeers. My husband offered 3 month’s salary for me to get a ring. I designed my ring for a 1 month cost and love it all the same. We had a small elopement ceremony and honeymoon rather than a big wedding. (2nd marriage for both of us.)  I can’t justify breaking the bank. We have 3 teenage kids between us. Braces and upcoming cars are more important In our world. 😉

    The topic ‘To Budget or not To Budget for your Diamond that is the question’ is closed to new replies.

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