The nervousness and the excitement feel priceless when you have to propose your special one. You want to ensure everything is perfect for getting that “Yes.”
But just like the wedding, you must also prepare for the engagement. Different rules and trends are introduced for engagement and wedding ceremonies.
You must understand how much to spend on engagement ring. Your partner will wear that ring for a lifetime. Also, check out amazing options in the wedding ring.
How Much To Spend On Engagement Ring? Traditional Rules Or Your Personal Style?
The following are the factors to learn how much to spend on engagement ring.
Is The Three Month Salary Rule Still Trending?
Traditionally, it’s suggested that a person spend two to three months' salary on purchasing an engagement ring. This was a marketing stunt used by various jewelry campaigns. However, it’s not a strict standard. Although many people still follow this rule, others consider their financial situation and personal choices.
Average Price Of An Engagement Ring
Your location and personal requirements affect the engagement ring’s cost. In the United States, it costs between $5000 to $7000. But couples can go for more expensive or budget-friendly options according to their requirements.
How To Set A Realistic Budget?
Instead of following traditional rules, follow the given factors.
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Don’t take debt, and consider your personal financial situation.
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What does your partner like? A meaningful design or an expensive stone?
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Consider your long-term goals like the wedding, honeymoon, family planning, etc.
Factors To Consider For The Engagement Ring
The following are the factors to consider with a jewelry professional.
Go Through The 4Cs With A Professional
Use the experienced jewelry seller’s services to understand the:
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Clarity.
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Color.
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Carat weight.
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Cut quality.
He will help you cut additional costs and choose the option according to your specific budget range.
Ring Setting And Metal Options
Complicated and custom ring settings and designs can enhance the price of the engagement ring. Plus, metal options like platinum, white, rose, and yellow gold have varying costs. Choose the option suitable for your partner’s personality and your financial status.
Lab Diamonds And Other Gemstone Options
Lab diamonds are original diamonds, but they are ethical and sustainable. You can choose them over traditional diamonds. Or you can also select moissanite, sapphire, cubic zirconia, etc. They are affordable options.
Custom And Ready-Made Rings
Custom-made engagement rings offer a personalized touch and come with hefty price tags.
Final Thoughts
To conclude, how much to spend on engagement ring? There are no traditional and strict rules to follow for an engagement ring. Choose an engagement ring according to your budget and partner’s needs. You have to consider the long-term goals too.
Make your love life lovely with a 3ct Diamond Engagement Wedding Double Cushion Halo Trio Ring Set 10k Yellow Gold.