How Much Should I Spend
on an Engagement Ring

How much should I spend on an engagement ring? The answer is a personal decision to be made by the people who it affects: the couple. However, the amount paid will impact the joint finances of the future couple.

There is no justification to get into debt to purchase a ring. A large diamond in a costly metal does not symbolize greater love and commitment. The size of the ring doesn’t matter, it is what it symbolizes.  People need to consider their priorities and budgets to allot the right amount for this purchase. There are also things like insurance and costs to maintain an expensive piece of jewelry.

So how much should I spend on an engagement ring? The average cost for an engagement ring is $3,000 to $3,500. The price varies with the size and quality of the diamonds and gems, the type of metal chosen for the setting and the intricacy of the design. You will pay $100 to $450 for a quarter carat or less, set in 10 to 14 carat gold .It will set you back $500 to $750 for a slightly larger stone or possibly an 18 carat gold setting. If you can spend $500 to $1,000 you will get stones between .4 and .6 carats, some with platinum or 18 carat gold setting and possibly AGS/GIA-certified.

At the higher end, you can $1,500 to $2,500 for AGS/GIA-certified, high quality stones between .30 and .50carats or mid to high quality stones up to .75 carats. For $2,000 to $3,500 for stones from .4 to 1 carat in 14 carat gold although the 1 carat stones may have a few imperfections. Next on the scale at $4,000 to $6,000 you can get a quality 1 carat stones in 18 carat or platinum settings.

No-one should plan on spending more than $4000, unless he is wealthy. If you find yourself drifting to the higher end of the ring counter, make sure that you are not mistakenly weighing your love in carats, or under the influence of a salesperson.

Before your fiance or both of you embark to the world of the jewelry store, prepare yourself. Talk to your friends and find out where they got their rings and how much they think you should pay. Decide how much to pay for an engagement ring and stick with that plan. Window-shop. Check out the internet. Get a good idea on what you want but do not get fixated on a particular style of engagement rings. You may end up paying way too much.

And if you are starting your marriage with humble resources, you can always choose a ring that matches your current budget and upgrade in the future. Do not worry about how much you should spend for her ring! Chances are that whatever you end up with will be perfect as the reflection of your love! So when asking yourself  “ How much should I spend on and engagement ring ” please take these factors into consideration.  It will help out it in the long run!

 How much should I spend on an engagement ring? The answer is a personal decision to be made by the people who it affects: the couple. However, the amount paid will impact the joint finances of the future couple.

There is no justification to get into debt to purchase a ring. A large diamond in a costly metal does not symbolize greater love and commitment. The size of the ring doesn’t matter, it is what it symbolizes.  People need to consider their priorities and budgets to allot the right amount for this purchase. There are also things like insurance and costs to maintain an expensive piece of jewelry.

So how much should I spend on an engagement ring? The average cost for an engagement ring is $3,000 to $3,500. The price varies with the size and quality of the diamonds and gems, the type of metal chosen for the setting and the intricacy of the design. You will pay $100 to $450 for a quarter carat or less, set in 10 to 14 carat gold .It will set you back $500 to $750 for a slightly larger stone or possibly an 18 carat gold setting. If you can spend $500 to $1,000 you will get stones between .4 and .6 carats, some with platinum or 18 carat gold setting and possibly AGS/GIA-certified.

At the higher end, you can $1,500 to $2,500 for AGS/GIA-certified, high quality stones between .30 and .50carats or mid to high quality stones up to .75 carats. For $2,000 to $3,500 for stones from .4 to 1 carat in 14 carat gold although the 1 carat stones may have a few imperfections. Next on the scale at $4,000 to $6,000 you can get a quality 1 carat stones in 18 carat or platinum settings.

No-one should plan on spending more than $4000, unless he is wealthy. If you find yourself drifting to the higher end of the ring counter, make sure that you are not mistakenly weighing your love in carats, or under the influence of a salesperson.

Before your fiance or both of you embark to the world of the jewelry store, prepare yourself. Talk to your friends and find out where they got their rings and how much they think you should pay. Decide how much to pay for an engagement ring and stick with that plan. Window-shop. Check out the internet. Get a good idea on what you want but do not get fixated on a particular style of engagement rings. You may end up paying way too much.

And if you are starting your marriage with humble resources, you can always choose a ring that matches your current budget and upgrade in the future. Do not worry about how much you should spend for her ring! Chances are that whatever you end up with will be perfect as the reflection of your love! So when asking yourself  “ How much should I spend on and engagement ring ” please take these factors into consideration.  It will help out it in the long run!