(Closed) Uh-ohhhhhhh. Did anyone else go over budget on their e-ring???

posted 8 years ago in Rings
  • poll: Do you regret going over budget on your e-ring?

    Yes

    No

    No, because he/she surprised me

    No, because we stayed in our budget

    Other (explain below)

  • Post # 17
    Member
    11266 posts
    Sugar Beekeeper
    • Wedding: April 2012

    we didn’t really have a budget.  we just didn’t want to overpay for what we got.  my centre stone alone was appraised at $25,000 but didn’t pay that so i feel we got a good deal.  we got a deal on the additional diamonds too.

    Post # 20
    Hostess
    8573 posts
    Bumble Beekeeper
    • Wedding: October 2014

    View original reply
    @LittleMsPumpernickel:  Yes, I’ve told him this, but he still has it set in his mind. I think it’s more like a “who has the biggest wang thing”, apparently, guys at his work were comparing carat size! LOL! I’ll just keep pushing it aside, hopefully a few years.

    Post # 22
    Member
    7426 posts
    Busy Beekeeper
    • Wedding: February 2013

    Fiance didn’t want to talk about prices in front of me when we looked at rings together. I have no idea if he had a budget in mind, but I know my setting was expensive. I told him that I didn’t expect him to spend anywhere near that amount on a ring for me, and he just laughed and said “okay babe” and picked it for me anyway.

    Post # 23
    Hostess
    8573 posts
    Bumble Beekeeper
    • Wedding: October 2014

    View original reply
    @LittleMsPumpernickel:  There really isn’t any HUGE carat sizes here, but I got a .50 total for e-ring and band. The boys at my FI’s work just have nothing to do I guess. They compare everything! [oh my!]

    Post # 24
    Member
    6354 posts
    Bee Keeper

    We didn’t exactly have a “budget” but he proposed a dollar amount that was quite a bit higher than what we actually turned out to need to spend to get the ring of my dreams (He had anticipated that I needed a larger center stone than actually looked best, and also wondered if he should subscribe to the 2 or 3 month rule, which was preposterously too much). We did search and haggle quite a bit because we didn’t want to pay the enormous markup that tends to be on jewelry (for example, the first jeweler that was able to source the center stone we have now simply asked for too much, so we just walked away, thinking we’d never see that stone again, funnily enough someone else got it for us but at a more reasonable price), but you know what, it still cost a freaking heck of a lot.

    Because we wanted something really really beautiful, we didn’t compromise on any quality factor on it, and as a result, for the size it is, most people would never assume it cost as much as it did (people are walking around with 2 caraters for less, mine is not even close to that size), which I kinda like the discreetness of, but yeah, it was a painful amount (for me. He’s a bigger spender than me and very generous, so he didn’t mind at all). But for me, the idea that one little item can be that expensive, it was painful. One factor that annoyed me is that even though we got it substantially below retail (and it has a very flattering “replacement valuation”), we of course still had to pay more than fair market value, so we did lose some money just by “driving it off the lot”, as they say. It will increase in fair market value over time (already has a bit), but cautious-spender me was grumpy about that.

    I think no matter what your budget and strategy, the engagement ring almost always feels expensive to the couple getting it. That’s just a part of it, which is too bad, since what it symbolizes is not really related to that. A future husband should be able to show his effort or generosity of spirit in other ways.

    Anyway, I’d generally say stay in the range you pre-determined as affordable, I don’t recommend going into debt for something as frivolous as jewelry, but what’s done is done, and $1000 extra is hopefully something you guys can make up for fairly quickly.

    Post # 26
    Member
    2389 posts
    Buzzing bee
    • Wedding: July 2011

    We didn’t really have a budget – we found one I liked, and then he decided to up the carats (from .5 to .75) when he bought it.  I know what it cost because I had to put it on my homeowners insurance – it was MUCH more than I would have expected.

    Post # 27
    Member
    1841 posts
    Buzzing bee
    • Wedding: April 2014

    We didn’t officially have a budget. I wanted a forever stone, and we’re both rrather frugal, so we spent not a lot of money (+/- 10,000). Wedding bands will probably cost close to that when it’s time to buy them…

    Post # 28
    Member
    72 posts
    Worker bee
    • Wedding: December 2014

    Definitely went over on ours. We originally planned on spending no more than $1500. When we went to Kay to just look at some rings Dana Augustine was there having one of their restyling events. We were just looking around & the next thing I know I was trying on some of their settings. The Fiance picked out a couple that he liked & I ended up falling head over heels in love with one. He insisted that no matter what he wanted to make sure that I’d have a ring that I’d love forever. My sparkly went home with us that night & it ended up being almost $9000 instead the budget of $1500. Totally his idea though, not that I’m complaining 🙂

    Post # 29
    Member
    11266 posts
    Sugar Beekeeper
    • Wedding: April 2012

    View original reply
    @BlondeMissMolly:  thank you.  no, i don’t wear my full set all of the time.  if i am going out, yes, but if i am just going to run errands (home depot, groceries), usually just the eternity band with the plain band.  i love that combo.  it’s casual with bling.

    Post # 30
    Member
    666 posts
    Busy bee
    • Wedding: July 2012

    I voted Yes but didn’t read your poll properly :-).  We spent about $600 – $700 over budget but I’m happy we did that.  I wish we spent about $1,500 more (on top of $700) than budget to get a bigger center stone! LOL!

    Post # 31
    Member
    5398 posts
    Bee Keeper

    View original reply
    @mypinkshoes:  I love that look also! I hope to have a similar band look soon!

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