How Much Should I Spend On An Engagement Ring?

Every bride-to-be wants that beautiful engagement ring. They want to be able to show it off to their friends and relatives, hearing them compliment the size, design and brilliance. The question has often been brought up “how much should I spend on an engagement ring?” It really should be “how much can I afford to spend on an engagement ring?”

A diamond company called DeBeers set the standard in 1947 to the equivalent of two to three times what your monthly salary is. So if you make three thousand a month, you should spend six to nine thousand dollars. In reality, it should be what you think you can afford.

There are many options that are available in buying engagement rings today. Most couples will go to the jewelry and pick out an engagement ring and weddings bands together. Some die hard romantics will buy the ring first to surprise their girl, but returning the ring can be embarrassing if she says no. Since the both of you will be planning your household finances together in the future, then buying the set after you have proposed may be the much better idea.

Remember that this engagement ring is something she is going to wear on her finger for the rest of her life. She is going to see it every day, remembering when and how you asked her to marry you. You want to make sure she is going to enjoy having that ring on her finger.

Do some research on the different diamonds available before searching for that ring. You may be able to save a few bucks by buying a clarity enhanced ring, and estate sale ring, or designing your own. It is a once in a lifetime purchase, so you really have to ask yourself how much that lifetime commitment is worth to you.

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