How much do you think you should spend on an engagement ring?

[Anonymous]

I always thought it was three months salary, but my brother spent like 6000 and his gross salary is over $100,000 a year

[jennifer_bloom]

I read the more people spend on their marriage, the higher the risk of divorce. I know somebody who bought a ring over $10,000 and had at least 3 weddings for 3 different groups of friends or family members and they divorced in under 12 years. Their parents also gave them millions to help them buy their property and manage their grand children. And the relationship ended anyway.

[Asker]

Millions of dollars? That’s ridiculous

[jennifer_bloom]

So this was Chinese money which is five times less valuable than Canadian money but they had to work equally hard to earn that and yes, I think less than 40% of their home was paid for with their own money. The girls ex husband came from a wealthy Chinese family.

[Effably]

As much as you feel like that won't inconvenience either of you.

Wedding rings have no religious meaning - initially we used reeds. Tradition? Diamonds are reasonably new. A few generations. As is the idea that the ring should cost months of income.

I think whatever she finds pretty is good. Ideally of course it will also elicit no negative response from anyone else. That does put us at a few to several thousand, as a very rough estimate.

[jamesgoldman]

I've bought a lot of engagement rings from canardly chips in 9kt to decent solitaires and seen wild ones in associates inventories up to the 7 figure line

[Asker]

Why would you have bought a lot of them

[jamesgoldman]

I'm a gold dealer so a bad economy, a pandemic and the spate of short marriages keeps the coffers topped up

[KatherineJ]

For that kind of money, I’m sure he was able to get a really nice ring. I absolutely hate that the diamond industry has people so blinded that guys are forced to spend so much on a rock. Don’t mistake me, I like sparkly rocks too, but the important part is what the rock symbolizes-not what it cost.

[Anonymous]

All those figures are made up by the diamond industry, which created the "need" for engagement rings in the first place.

A decent diamond nowadays is around $15,000 for 1 carat and $70,000 for 2 carats.

[Asker]

6000 was 2 carats…

[Opinion Owner]

Then it was lacking in some aspect of brightness or purity. Take it to Tiffany and have them show you it under a microscope with their 2 carat round brilliant solitaire. There's quite a difference in price between an excellent 1 carat stone and an excellent 2 carat stone. Most people buy rings at the mall which make them using remainder stones.

[Asker]

what are those

[Astarlessnightsky]

Doesn't matter.

We will be forging our rings ourselves and it will be unforgetable and unique, but it will be rather cheap.

[Asker]

Whose the lucky guy?

[exitseven]

I heard that it is a function of ho much money you make per month.

[Asker]

Like Michael Scott says , three years salary

[exitseven]

really? I never bought an engagement ring. 3 years would be a little extreme

[virtualwasp]

im so single i think buy what you like not about the price.

[sheikalana]

There's no right or wrong answer. You spend how much you want to spend.

[Anonymous]

Between 300 USD-1000 USD is perfect!