How Much is Too Much to Spend on an Engagement Ring?

 
HOT TOPIC

reese-witherspoon-asscher-ringThis beautiful asscher cut ring by De Beers, similar to the one Reese Witherspoon wore while married to Ryan Phillipe, is one of the most expensive engagement rings in the world. The 10 carat ring prices at just half a million dollars.

The debate on how much to spend on an engagement ring has been raging on for decades. While most still say you’re supposed to spend two month salary’s worth, some are debating that the money used to buy an engagement ring could go toward a downpayment on a house.

We at Engagement 101 are clearly biased in our love for exquiste engagement rings, so what are your thoughts? Is it important to have an expensive engagement ring?

Related Posts

Comments (4)

 

  1. Nessie says:

    The great debate! I say 3 months’ salary :) But I love the women who tell there boyfriends not to spend more than X amount of dollars on an engagement ring and then end up spending 10 times that on the wedding AND the dress! I say, the wedding lasts for mayyybe 8 hours… um, the ring lasts a lifetime! Splurge! 😀

  2. Bridal Rehab says:

    I don’t think it’s important to have an expensive engagement ring. I think engagement rings are by preference and you and your FI should get what you like. It’s a symbol of the two of yous love for each other, so make it count. If you love an inexpensive ring, get it. If you love an expensive ring, but is way out of your range, I’m sure you can get it copied somewhere for a cheaper price. If the ring is from a place like Tiffany’s, Cartier, DeBeers there’s tons of copies at a lower price that your FI could get it at.

    As for budget, I think that is a discussion that needs to be done with the your FI to be. Everyone has different budgets/limits/priorities. I don’t think there’s a way of “figuring out” a certain equation on what to spend. If you’re limited by money, obviously work with what you have rather than what you don’t. But again, it’s up to the couple to work it out.

  3. May says:

    Hey everyone!!! well, call me all cheesy but I think when you are in love it doesn’t make a difference how much the rings costs, I always said like I wouldn’t care if my FiancĂ© gave me an onion ring I would be the happiest woman alive, obviously my fiancĂ© said that he wanted to get something special. We first were browsing for rings and I liked a very nice one it was only 125 sterling pounds but guess what too big for me, we were looking for more options and I was surprised to get the most wonderful, gorgeous platinum, solitaire engagement ring ever to me (I am sure every fianceĂ© thinks the same about their own ring) and well I discovered my lovely fiancĂ© spent 1500 pounds in it, I was like woooooooooooooooooooow I didn’t want him to spend that much, but he says he really liked it for me so I am the happiest fiancee wearing it and even happier to have him. So at the end I think when there’s love the cost of a ring is not important but what it means that’s the truly value a ring can have. Good luck to everyone and enjoy every second, congrats to everyone who is about getting engaged, engaged, about marrying and already married!!!

  4. Tiffany says:

    If my boyfriend spent 2 months salary on my engagement ring I think I’d be both psyched and possibly annoyed. I love the man, and I don’t want him to blow too much money on me. I do like the big shiny (he tells me I squeeze his hand everytime we walk by a jewlery store, but I don’t remember doing that…), but I also like going out to dinner every once and a while and the idea of a nice wedding and a house. Pick out some rings you like together in a variety of prices and then let him decide what he’s comfortable with. It’s a gift, you shouldn’t have TOO much imput.

Leave a Comment