How Much Should you Spend on an Engagement Ring?

How Much Should you Spend on an Engagement Ring?

How much should you spend on an engagement ring?

How much should your man shell out on an engagement ring, it all really depends. According to American Express Spending and Savings Tracker the average amount spent on an engagement currently is $2,311. But this is all relative. According to Glamour Magazine the normal price ranges to $5,229.

When 1500 adults were surveyed, 25% said that it was appropriate to spend between $2,000 to $4,999. There is another theory that a man should spend 3- months salary. Depending on his income or debt this can all be different.

So what should you spend on an engagement Ring? The answer is whatever your man feels comfortable spending is what the price should be. Jay Z dropped $5 million on BeyoncĂ©’s engagement ring.

One piece of advice we can give is different diamond shapes will cost you different amounts of money. For example a round brilliant diamond is actually the most expensive because of its high demand. The most used engagement ring style is a round brilliant diamond in a solitaire mounting.

Depending on what your color, clarity, cut and carat weight the price can dramatically drop or rise. You want to consult your local jeweler about prices too. Try to find a stone that has been certified. GIA is one of the most reputable labs to acquire from.

Ways to save on an engagement ring can be a walk in the park. All diamonds are pre-owned, they have been used for centuries for trade purposes, in earrings or other pieces of jewelry, and recycled in different engagement rings. Most jewelers will sell a loose stone and you can find a brand new setting to place the diamond in. This can reduce the price tremendously.

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