Engagement Ring Prices

Firstly, congratulations on making the decision to become engaged to the love of your life.

Now that you are ready to purchase her a lovely diamond ring to show her how much you love her, you are wondering just how much to spend on an engagement ring?

Of course there is no simple answer and definitely not one answer that applies to all asking this question.

Your financial situation is an obvious factor in establishing a guide line and in the past this was often used to suggest spending the equivalent of 2 months salary. As this on average amounts to $15,000 today it is suggested spending only 2 weeks to 1 months salary and saving the rest towards the wedding or a deposit on a house or apartment.
Of course the design of a ring can be more important than the price and it is possible to purchase a beautiful ring for $1000 or even less.

Also consider that there will also be a wedding ring to follow and they should complement each other so it is wise to choose both at the same time.

Many happily married couples started their lives together with only modest rings and more expensive eternity and dress rings came later in their lives as their financial circumstances improved.

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Lovely rings priced under $500 - click on image for more details