How much does an engangment/wedding ring cost?

Question

Like how much compared to your actual income?

Answer 1

As much or as little as you want to spend. There are so many rings out there at many varying prices. There is no specific answer. You can get a ring for a couple hundred or a couple thousand. Or even tens of thousands if you're willing. It all depends on the grade of gold (or whatever material the band is) and the grade of diamonds or other jewels in it. It's all up to the two of you and your tastes.

Answer 2

I'm a pawnbroker/jeweler and the typical rule for the price of a wedding/engagement ring is about the equivalent of two months salary. And just a tip, look around pawnshops in your area, you'll get alot more for you money. Kay, Zales and all the other retail jewelry stores have extreme overhead. They have to pay rent to be in the mall, pay all there employees at least 25-30k a year w/ benefits so the only way they can make up for the cost is to charge the customer more money. The average mark up in a retail jewelry store is about 300% !! Not in a pawnshop we have to keep cash flowing so we need to move things quicker, in turn selling things, including jewelry, at a lower price. Plus we don't have all the overhead. Alot of people frown on pawnshops b/c things are used, but w/ jewelry all that needs to be done is a good buff and clean on the ring. It's like brand new!!

Answer 3

An engagement ring can cost as little at $40 dollars to as much as $1000.

It all depends on how much you want to spend versus how much you can afford. Some pretty stones that might not cost as much might be a nice garnet or iolite is pretty. Also, a smoky quartz is nice and can come in a variety of colors for a reasonable price while still looking nice.

As far as wedding bands go, it depends on the material. Platinum rings will be the most expensive, 1000+ for just a basic one, gold (I found ones I liked ranging from 200-450), white gold (which is better than platinum for the price) or titanium, which has become popular. Range depends on the designer.

Hm, I would say overall, you wouldn't want to spend over 5% of your income on both sets of rings. They should be memorable, but you can always add more stones or upgrades later.

Answer 4

In general, the rule of thumb is two months salary. But I would take into account the tastes of your prospective fiancee. Does she wear much jewelry? Has she commented on rings that others wear? As far as style, please take into account if she works with her hands a lot. You will want to choose a ring with a low setting or with the diamonds set in a channel to avoid loss. Keep in mind that if you get what is frequently called an eternity ring with diamonds set in a channel partly or fully around, that can be less expensive and more showy at the same time - smaller diamonds, but more of them! Also, consider an unusual shape or setting. Most people get the traditional round solitaire, but consider a three diamond ring, or an unusual cut. Look at the jewelers for estate jewelry as well. Good luck and congratulations!

Answer 5

You only spend what you can comfortably afford. Don't believe the hype about two or three months' salary - everyone is different. Don't go into debt over a ring. Do some looking around and find something you might think your gf might like, then you will be able to guage prices and your choices.
You can get diamonds and gold for $100 and up, and the "up" seems to be limitless.

Answer 6

I spent about $6,000 (I'm a young attorney; it's about 5% of my gross salary before taxes etc.); I have a friend who spend $10-11,000, and all of my co-workers have these huge rocks, but, whatever. Why spend all of that on a stone, when you could spend it on a downpayment on a house or paying off college loans. I can buy her a 3-stone annversary ring for our 25th Anniversary when we're old and rich. And don't go into debt for it... save if you can.

Remember, QUALITY is more important, I think, than size. My fiancee's ring is a little less than 3/4 of a carat, but it's in ideal cut, VS-2 quality, and, I believe, E or F color. And it's set in platinum--not yellow gold, not white gold.
So don't go out and spend a few hundred dollars on diamonds that are cloudy in a soft, ugly setting. Get something nice, something pretty, that she would like.

Answer 7

Aww congrats on finding her! I guess as much as you can afford - this is a ring she's gona have for the rest of her life, right? I've heard a quarter of your annual salary but it depends on the woman. If she would rather you use that money for your future and/ or wedding rather than a ring or if she's the kind of girl that wants to b a princess (you may think she would rather you save when she may secretly prefer a more sparkly ring).

I suggest you ask one of her girl friends (only one, you don't want them giving it away)!

I wish u all the happiness as you start your lives together!!

Answer 8

The old fashion people will tell you 2-3 months salary, the more modern people will tell you not to spend that much because it is silly to spend that amount of money on a piece of jewelry instaed of your live together. I personally am the last one. Just look araound at a bunch of different places and styles. You will probably see something that she would love. It doesn't even have to be a diamond these days, could be her birth stone or just her favorite gem. Good Luck.

Answer 9

The old way of doing it is saving up two months salary and that is what you spend on the ring. But so many people get away from that these days. For example. Two months salary for my fiance would have been 4,000. I told him to not spend over 10% of that. So he bought me a very nice 1/3 carat solitaire for 325.00. It is a matter of how much you want to spend and how you want it to look. A great site for a deal is bidz.com but you have to read everything carefully sometimes the quality is not worth the low price you pay. they also have a buyers guide on there to help you choose what you want

Answer 10

I googled the average price for engagement rings recently (this is an often-asked ? on here) and the average spent on an engagement ring is in the high $2000's to low $3000's...but alot goes into figuring out what is right for you, like your ages, income, her preferences (not every girl wants a HUGE ring), lifestyle