{"id":1947,"date":"2019-11-27T08:28:56","date_gmt":"2019-11-27T08:28:56","guid":{"rendered":"https:\/\/www.brillianteers.com\/p\/?p=1947"},"modified":"2020-10-29T08:43:41","modified_gmt":"2020-10-29T08:43:41","slug":"how-much-should-you-spend-on-an-engagement-ring","status":"publish","type":"post","link":"https:\/\/www.brillianteers.com\/blog\/how-much-should-you-spend-on-an-engagement-ring\/","title":{"rendered":"How Much Should You Spend on an Engagement Ring?"},"content":{"rendered":"<p>The biggest dilemma of figuring out what engagement ring to buy is knowing how much should you spend on an engagement ring. You want to get the right ring for your partner. But without your partner&#8217;s approval, it&#8217;s a difficult decision to commit to on your own. What you need to consider when deciding on how much to spend on an engagement ring is ultimately what works for you.<\/p>\n<p>Studies suggest that more than<a href=\"https:\/\/www.refinery29.com\/en-us\/how-much-should-engagement-ring-cost\"> 50% of Americans<\/a> believe that you should be spending around $3000 on one engagement ring. But there&#8217;s a promising 30% of Americans who do not think you have to spend more than $1000 on a ring. The thing is, with so many different options to choose from online, what you spend on an engagement ring will all depend entirely on what you want to spend and what your partner would want. The choice is yours. But making this choice is where it gets difficult.<\/p>\n<p>This is a quick guide to help you decide on how much should you spend on an engagement ring.<\/p>\n<h2>How Much Should You Spend on an Engagement Ring?<\/h2>\n<p>&nbsp;<\/p>\n<p><figure id=\"attachment_1964\" aria-describedby=\"caption-attachment-1964\" style=\"width: 661px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-1964\" src=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-300x200.jpeg\" alt=\"\" width=\"661\" height=\"440\" srcset=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-300x200.jpeg 300w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-768x512.jpeg 768w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-1024x683.jpeg 1024w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-696x464.jpeg 696w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-1068x712.jpeg 1068w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1449657-630x420.jpeg 630w\" sizes=\"(max-width: 661px) 100vw, 661px\" \/><figcaption id=\"caption-attachment-1964\" class=\"wp-caption-text\">Photo by Leah Kelley from Pexels.com<\/figcaption><\/figure><\/p>\n<p>To be able to determine how much you should plan to spend on an engagement ring, you first need to ask yourself what is appropriate for your situation. You need to contemplate on the following factors to help you decide what value to put on your engagement ring budget.<\/p>\n<p>&nbsp;<\/p>\n<h4>Know what your partner&#8217;s expecting<\/h4>\n<p>Buying a ring is centered around what your partner is expecting. The biggest mistake that most people make is assuming that everyone wants an expensive ring. But this isn&#8217;t the case. Your partner may not be someone who wears jewelry often and may feel uncomfortable wearing a large rock on their finger. You may have a partner who had always had a specific shape or ring design that they had always been drawn to, and this too can help you decide. To know\u00a0how much should you spend on an engagement ring, you must know what your partner wants.<\/p>\n<p><figure id=\"attachment_1963\" aria-describedby=\"caption-attachment-1963\" style=\"width: 448px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-1963\" src=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-200x300.jpeg\" alt=\"\" width=\"448\" height=\"673\" srcset=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-200x300.jpeg 200w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-768x1152.jpeg 768w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-683x1024.jpeg 683w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-696x1044.jpeg 696w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-1068x1602.jpeg 1068w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264-280x420.jpeg 280w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-1927264.jpeg 1500w\" sizes=\"(max-width: 448px) 100vw, 448px\" \/><figcaption id=\"caption-attachment-1963\" class=\"wp-caption-text\">Photo by Elina Sazonova from Pexels.com<\/figcaption><\/figure><\/p>\n<p><strong>How to know what your partner&#8217;s expecting:<\/strong><\/p>\n<ul>\n<li><strong>Look back at past hints:\u00a0<\/strong>You may not have noticed this in the past, but your partner may have already given you a chance to see what type of engagement ring they want, in an indirect way. Try to look back at what type of rings they have tried on, or maybe been drawn to, in the past.<\/li>\n<li><strong>Look at your partner&#8217;s ring<\/strong>\u00a0<strong>collection:\u00a0<\/strong>If your partner has a good ring collection or even a jewelry collection, look at what type of designs they usually use during special occasions. You can look at recent photos of events, or check their jewelry box at home. The key thing is to try to see if you can get a good idea of the type of jewelry they often wear. Do you see small details, a minimal look, bright or bold colors? Anything will help you determine what type of ring they would want.<\/li>\n<li><strong>Ask their friends and family:\u00a0<\/strong>A good way of knowing how much you should spend on an engagement ring is to ask your partner&#8217;s friends and family if they have any idea what they want. And it&#8217;s likely someone will be able to give you a good idea. Just make sure you&#8217;re careful that your partner doesn&#8217;t catch-on with what you&#8217;re doing; You wouldn&#8217;t want to ruin the surprise.<\/li>\n<li><strong>Check their Social Media:\u00a0<\/strong>You might find that they&#8217;ve shared photos of ring designs that they like on their social media. There&#8217;s a good possibility of this if you know that your partner is active on social media. And there&#8217;s no harm in trying to check as you might just get lucky with a little backtrack through their social media pages.<\/li>\n<\/ul>\n<p>Knowing what you&#8217;re partner wants will help you figure out how much should you spend on an engagement ring. It doesn&#8217;t have to be precise, but it helps to have a good idea of what direction follow when choosing the right design and price point for your purchase.<\/p>\n<h4><\/h4>\n<h4>Acknowledge your financial situation<\/h4>\n<p>The next step in knowing how much to spend on an engagement ring is asking yourself what you can afford. It&#8217;s easy to get caught up in wanting to spend as much as you possibly can on an engagement ring for the love of your life, but it&#8217;s not practical if it means jeopardizing other aspects of your life financially. There are a few ways for you to determine what budget you can afford to dish-out for an engagement ring.<\/p>\n<p><figure id=\"attachment_1968\" aria-describedby=\"caption-attachment-1968\" style=\"width: 780px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-1968\" src=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-300x177.jpg\" alt=\"\" width=\"780\" height=\"460\" srcset=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-300x177.jpg 300w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-768x452.jpg 768w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-1024x603.jpg 1024w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-696x410.jpg 696w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-1068x629.jpg 1068w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/accounting-black-budget-53621-713x420.jpg 713w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><figcaption id=\"caption-attachment-1968\" class=\"wp-caption-text\">Photo by Pixabay from Pexels.com<\/figcaption><\/figure><\/p>\n<p>&nbsp;<\/p>\n<p>How to know how much should you spend on an engagement ring, according to your financial situation:<\/p>\n<ul>\n<li><strong>Consider the TWO MONTH&#8217;S SALARY rule:\u00a0<\/strong>This is a common engagement ring budget tip that a lot of people found helpful. The two-month salary rule simply means the sum of your 2 month&#8217;s salary, as the basis of how much you should spend on your engagement ring. It&#8217;s a good idea as it won&#8217;t be a heavy investment. It&#8217;ll be money you can earn back immediately. And you&#8217;re not jeopardizing your financial situation. It&#8217;s a sensible option.<\/li>\n<li><strong>Don&#8217;t spend more than 10% of your savings:\u00a0<\/strong>Another way of knowing what amount you can spend for an engagement ring is looking at your savings. Try your best to stick to a budget on or under 10% of what you have saved up. With an engagement happening, you will need to have money for a wedding and everything that goes along with a marriage contract.<\/li>\n<li><strong>Calculate if you can afford a loan:<\/strong>\u00a0Another way of lightening the load off of the cost of an engagement ring, you can definitely choose to pay for a percentage of the cost of a ring with a loan. But before you do, it&#8217;s important that you calculate if you can afford to pay for the monthly loan payments with your salary. It&#8217;s easy to get caught up with paying a large amount with a credit card. The big mistake is not confirming if you can actually afford the additional monthly fees.<\/li>\n<\/ul>\n<p>Stick to a budget that you can afford. There are plenty of options for engagement rings to choose from. You don&#8217;t always have to go to the excessively expensive price to find a beautiful ring. Knowing what budget you can afford will help you identify the ring designs that you can buy, and\u00a0how much should you spend on an engagement ring.<\/p>\n<h2><\/h2>\n<h2>Tips on saving money on your Engagement Ring Purchase<\/h2>\n<p>If your budget can&#8217;t quite reach the cost of the ring you know your partner would love to have, there are some ways around this. These are great tips to follow if you&#8217;re looking to cut down on what you&#8217;ll spend on an engagement ring.<\/p>\n<ul>\n<li><strong>Accept flaws:\u00a0<\/strong>The fewer flaws on a diamond, the more expensive it is. But the reality of this circumstance is, if you&#8217;re not a stone expert, there&#8217;s no way of distinguishing a flawless diamond compared to one with flaws. You&#8217;ll need a magnifying glass, and experience identifying flaws to see the difference between the two. The more flaws a diamond has, the cheaper it is. And your partner will most likely never even notice anything wrong with the stone.<\/li>\n<li><strong>Don&#8217;t get the entire carat:<\/strong> If a diamond reaches an entire carat in weight, it costs a significant amount more than one that&#8217;s, let&#8217;s say, 95% of a carat. Look for diamonds that are close to a carat, and you&#8217;ll be able to save a lot more money than buying one that weighs an entire carat. This will save you a huge amount when you spend on an engagement ring.<\/li>\n<li><strong>Consider other stones:\u00a0<\/strong>The biggest assumption most people make is that an engagement ring should only be limited to a diamond. But this is simply not the case. Explore the many other precious stones such as Amethyst, Sapphire, Morganite, and even Swarovski stones, to choose from. These are stones that will definitely help you cut down on\u00a0how much should you spend on an engagement ring.<\/li>\n<li><strong>Learn about the different values of different diamonds:<\/strong>\u00a0Diamonds may all look the same, but there are different factors that make them unique, that are not visible to the naked eye. You can learn more about the <a href=\"https:\/\/www.brillianteers.com\/blog\/choosing-best-diamond-color\">different values of diamonds<\/a>, so you can choose which one suits your budget best.<\/li>\n<\/ul>\n<p><figure id=\"attachment_1965\" aria-describedby=\"caption-attachment-1965\" style=\"width: 767px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1965\" src=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-300x158.jpeg\" alt=\"\" width=\"767\" height=\"404\" srcset=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-300x158.jpeg 300w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-768x404.jpeg 768w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-1024x539.jpeg 1024w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-696x366.jpeg 696w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-1068x562.jpeg 1068w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/pexels-photo-371102-799x420.jpeg 799w\" sizes=\"(max-width: 767px) 100vw, 767px\" \/><figcaption id=\"caption-attachment-1965\" class=\"wp-caption-text\">Photo by Pixabay from Pexels.com<\/figcaption><\/figure><\/p>\n<ul>\n<li><strong>Embrace the Halo<\/strong>\u00a0<strong>design:\u00a0<\/strong>The halo design refers to a stone that&#8217;s surrounded by a halo of smaller stones. This creates the illusion of a larger diamond or stone. This is a great way of saving money on what you spend on your engagement ring, as it is a cheaper option, without it looking cheap at all. In fact, it is actually a really popular design choice.<\/li>\n<li><strong>Buy online:\u00a0<\/strong>Going to a jewelry shop may often have more expensive prices for engagement rings compared to buying online. If you want to save money on what you&#8217;ll spend on your engagement ring, then you should choose to look at different online stores. You can already find great diamond shops in popular online shopping websites. Just make it a point that you look at reviews and customer feedback, to guarantee that you will be purchasing a good product.<\/li>\n<li><strong>Have it custom made:\u00a0<\/strong>Buying a designer ring will be a lot more expensive than actually going to a jewel maker and having your ring custom made. Most of the time, you&#8217;re paying for the ring designer&#8217;s namer, more than the actual worth of the product. If you have it custom made, then you are paying for the materials and labor. This comes up to a cheaper price.<\/li>\n<li><strong>Choose gold over platinum:\u00a0<\/strong>Platinum is a lot more expensive than white gold. And for most people, these two look almost the same. Choose to buy an engagement ring that&#8217;s made with white gold. Or if you want to save more money, then have it custom made with white gold.<\/li>\n<li><strong>Avoid gift-giving holidays:\u00a0<\/strong>This is a little industry secret, but a lot of jewelry stores raise the cost of their jewelry during the Christmas season, to get more profit. Avoid the times of the year when gift-giving is at its peak. You should get the best price for your ring if you buy it during the off-season for shopping.<\/li>\n<li><strong>Compare prices:\u00a0<\/strong>Another good way of saving money on how much you&#8217;ll spend on an engagement ring is by going that extra mile researching and comparing prices of different shops selling similar ring designs. If you have a good idea of how much you want to spend on your ring, then you&#8217;ll be able to narrow your search down to the rings you can afford. And once you do, you can also compare the prices of different shops, to get the best value possible.<\/li>\n<\/ul>\n<h3><\/h3>\n<h3>Conclusion<\/h3>\n<p>Knowing what you should spend on an engagement ring will depend entirely on how you want to go about the purchasing process. Follow these tips to help you get a good clue on how much should you spend on an engagement ring. Consider what your partner wants, what you can afford, and how you can save money before buying a ring. You can also learn more about diamonds from our article &#8216;<a href=\"https:\/\/www.brillianteers.com\/blog\/engagement-ring-the-four-cs\">Engagement Ring 101- Getting to know your Four C&#8217;s<\/a>&#8216;.\u00a0 But above all else, don&#8217;t get too caught up on the cost, but rather, finding something special for your partner. It&#8217;ll mean so much more if your partner knows that you were able to find the design that they love.<\/p>\n<p><figure id=\"attachment_1970\" aria-describedby=\"caption-attachment-1970\" style=\"width: 944px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1970\" src=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-300x200.jpg\" alt=\"\" width=\"944\" height=\"629\" srcset=\"https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-300x200.jpg 300w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-768x512.jpg 768w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-1024x683.jpg 1024w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-696x464.jpg 696w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-1068x712.jpg 1068w, https:\/\/www.brillianteers.com\/blog\/wp-content\/uploads\/2019\/10\/blur-close-up-couple-2894864-630x420.jpg 630w\" sizes=\"(max-width: 944px) 100vw, 944px\" \/><figcaption id=\"caption-attachment-1970\" class=\"wp-caption-text\">Photo by Jesus Alonso Arias from Pexels.com<\/figcaption><\/figure><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest dilemma of figuring out what engagement ring to buy is knowing how much should you spend on an engagement ring. You want to get the right ring for your partner. But without your partner&#8217;s approval, it&#8217;s a difficult decision to commit to on your own. What you need to consider when deciding on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":1962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,57,5,3,4,45,33,46],"tags":[199,259,27,47,37,258,257,72,255],"class_list":["post-1947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accessories","category-blog","category-diamond-jewelry","category-diamond-ring","category-engagement-ring","category-gold-rings","category-wedding-bands","category-wedding-proposal","tag-affordable-diamond-jewelry","tag-affordable-engagement-rings","tag-diamonds","tag-engagement","tag-engagement-ring-2","tag-ring-budget","tag-ring-choices","tag-wedding","tag-wedding-theme"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/posts\/1947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/comments?post=1947"}],"version-history":[{"count":20,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/posts\/1947\/revisions"}],"predecessor-version":[{"id":2287,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/posts\/1947\/revisions\/2287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/media\/1962"}],"wp:attachment":[{"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/media?parent=1947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/categories?post=1947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brillianteers.com\/blog\/wp-json\/wp\/v2\/tags?post=1947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}