Posted on August 7, 2013 by

How Much Should You Spend on an Engagement Ring?

Two (or three) months’ salary is no small sum to drop on an engagement ring, despite conventional wisdom and societal pressure, most notably at the hands of post-World War II De Beers advertising, calling for it as a baseline. Ultimately, of course, it’s up to each future groom, and bride, to decide what they think the bride-to-be’s engagement ring should cost, but more importantly it ought to be something that he can comfortably afford. There is no overarching right answer.

 

How Much You Should Spend on an Engagement Ring

 

The time you and your significant other spend to discuss and explore the financial aspect of her ring can teach both of you a precious lesson on what you value as a couple and that can be more valuable than any ring you can give her. Clearly, her happiness should be of paramount importance as you build your plans to become newlyweds, but in the larger scheme of life – spending the rest of your lives together, building a home, starting a family if that is on your horizon, and saving for whatever your future brings – your financial well-being should not be the sacrificial lamb on the path to engagement.

 

Our fail-safe recommendation is that you should spend whatever you’d like to spend on the love of your life, assuming, of course, that the amount is within your budget and you are not merely succumbing to added pressure from outside parties that makes you feel compelled to break the bank for what is essentially a symbol – and not the sum total – of your love and commitment. While it is incredibly admirable to want very much to show how deep your love for your future wife runs, there is no need, or expectation, to handicap your solvency or financial health by springing for the most extravagant ring possible. A ring is a token, and not the end result, of the journey you are experiencing together.

 

If you haven’t decided yet how much you want to spend on your engagement ring but want to keep the cost reasonable, we suggest our 0.51 carat Fancy Light Brownish Yellow Diamond Ring in 18K two-tone gold. It features an additional 0.16 carat of side diamonds, bringing the total carat weight to 0.67. For only $1,560, that’s an affordable catch.

 

R17398-6

0.67 Carat Fancy Light Brownish Yellow Diamond Ring in 18K Two-Tone Gold, $1,560, diamondenvy.com

 

Of course, if you are fortunate enough to not have a budget, we recommend our 7.01 carat Fancy Light Yellow diamond ring in platinum and 18K gold. It has an additional 2.01 carats of side diamonds, resulting in a total carat weight of 9.02. This one is a splurge she’ll definitely remember every day at $85,000.

 

11561R

9.02 Carat Fancy Light Yellow Diamond Ring in Platinum/18K Gold, $85,000, diamondenvy.com

 

For better or worse, we wish all the prospective brides and grooms the very best! May all you lovely ladies fall head over heels for your new engagement rings, irrespective of actual cost.

 

And if you need more inspiration, shop our collection by popular color:

 

 


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3 Responses to How Much Should You Spend on an Engagement Ring?

  1. Samantha says:

    Great article! I wasn’t expecting this attitude from a diamond company, but you really said it right. A diamond is a symbol of your love, not a measure of it!!

  2. Michael says:

    This is not true at all. All women want is the biggest, shiniest rock their man can find. Attention men: don’t expect to spend less than 5 figures if you want your girl to say yes.

  3. Shira says:

    Every woman is different. You (Michael in particular) can’t just group them all together and say that they all want the same thing. That’s sort of what this article is saying, that it needs to be a discussion and that through your discussion you’ll learn even more about each other. I remember when my husband brought up getting engaged and said, “well, I can’t afford a $10,000 ring yet so we’ll have to wait.” Good thing he said that! I didn’t want my ring to be that expensive, I just wanted to be married to him! I was able to tell him the big fancy ring could wait for an anniversary, if it’s something he really wants to give me–I’d rather have something small now and him as my husband!