What's the normal amount of money to spend on an engagement ring?

Answer 1

To me a ring doesn't really mean to much, so it really depends on the woman and what she wants. I much rather put the money that would be spent on a ring, for a down payment on a house or something like that. Hope this helps.

Answer 2

A little history: before the 20th century, diamonds were rare and valuable; then large diamond sources were found and they are in fact no longer rare or valuable (just try to resell one). They did not become widely popular as engagement rings until after around 1939 when DeBeers (the diamond monopoly) started their "diamonds are forever" advertising campaign. Previously, engagement rings could be of any precious stone, or none at all--my grandmother's is a sapphire. DeBeers also started the "tradition" of how much to spend on a ring--their is no normal amount or "traditional" amount. DeBeers became greedy after convincing people to spend one month's salary, and started telling jewelers that the tradition was now "2 month's salary". It was good business for the jeweler's, so why would they argue? Now the diamond industry's marketing ploy is to have the jewelers tell people tradition is "3 month's salary." This "tradition" is all marketing to make money.

Also, although they are trying to reform, the diamond industry is pretty awful with regard to conflict diamonds, mine working/living conditions, child labor and environmental damage. I wouldn't be too excited about their products as a symbol of everlasting love anyway.

My 2 cents: above all an engagement ring should suit the woman's style, be comfortable enough to wear every day (giant rocks are not practical), and should be something the man is proud to see the woman wearing. NEVER go into debt over a ring--there are much more important things to spend money on (the wedding, the honeymoon, a place to live, a retirement account...). Spend what you can without a major financial strain or debt.

Answer 3

Spend what you are comfy spending. No need to go broke over a ring. My new husband of almost 2 month's had a hard time with me wanting a beautiful cubic zirconia wedding set set in solid 10K gold but it was what I wanted and no one ever will know the difference unless I tell em. My ring is really nice and only cost $139.00 for the 2 piece set at Walmart and has 37 "diamonds". I was at the grocery store earlier today and the cashier commented on how beautiful my ring was and she called another woman over for her to see it and a third woman that also worked there walked over and her exact words were "that is exactly like the ring I looked at and it was on sale for $2000.00". Little did the 3 women know that my ring was very inexpensive. If my ring were real diamonds, I'd guess the caret weight to be about 2.5 to 3 carets. So the money saved on my ring was used towards the purchase a beautiful newer 4 bedroom, 2 full bathroom, bi-level home with an attached 2 car garage with a great 2 story covered deck off the door wall sitting on a half acre lot in a village of just over 800 people and we are surrounded by lakes, we moved in 1 month ago tomorrow. I am very happy with my choice. If your woman would be okay with a CZ & money is tight or ya just wanna be thrifty, go to your local Walmart and check out the CZ wedding set for $139.00, you will be surprised just how nice it really is. Ths ring is not on the Walmart website. Good luck!! ;-)

Mary

Answer 4

the customary value spent on an engagement ring is a dash over $4000. a eye-catching and eternal ring could be carried out for decrease than that, even $two hundred will do. in spite of the undeniable fact that it is going to take an exceedingly sturdy high quality CZ to get enduring high quality, after which you're looking greater in the $4 hundred plus variety and you nonetheless threat the CZ gets scratched and cloudy. a greater robust diamond option may be moissanite or a sapphire or ruby. in case you do not strategies updating the stone each so generally, CZ may be an amazing selection for you. My FH and that i got down to get my rings and his for $1500, yet then he went and found a pretty set for $2000 so evidently like the value variety has been revised. as long as you are able to take care of to pay for the hoop you p.c., the value would not count previous that. you may not lay our a fortune in basic terms for the sake of spending a fortune. you merely could love the hoop for the reason which you would be donning it forever. everybody who says any ring will do is crammed with it.

Answer 5

There is no right or wrong amount that you spend on someone you love. If you put all your heart and soul into the choice you made then he or she will love it no matter what it cost. I know someone that got married with twist ties on their fingers because they could not afford to by any rings at the time. He/she loves you just for who you are not how much money you spend on a piece of jewelry. But if you still need to know, then I think anywhere between $150.00 and up-what ever you can afford.

Answer 6

It's whatever you can comfortably afford to spend; don't go into debt over a ring - it's the symbolism which is important. Don't believe the hype about having to spend one or two or three months' salary; that's simply marketing ploys of diamond merchants and jewellers. I would say the average is probably 600 to 800.

Answer 7

Go for whateer you feel like spending. Some girls (like me) won't care the cost since the feeling given with the ring is what is important. I've looked at rings online and Kay Jeweler's has some nice one for under a thousand bucks.

Answer 8

According to etiquette the man is supposed to spend 2 month's salary on the ring.

Answer 9

I have read that the correct amount should be about 3-4 months of the purchasers salary. HOwever it really depends on your likes.

Answer 10

"normal" has been dictated by the jewelry industry! They suggest you spend 2 months salary. Of course, that may be too much or too little depending up one's salary. I say, figure out what you can afford to spend without driving yourself in to a bad financial situation.