Engagement is an important part of a long-term relationship if a couple decides to marry. It is a beautiful time of life that both spouses cherish for their whole life. So every couple tries to put their best into it and make it an unforgettable day. Whether it is a surprise proposal or a pre-planned engagement, your spouse must be very excited about the present you will give them. But like other people, are you also confused about how much to spend on an engagement ring? No worries. We are here to guide you. In the following article, we get to know about How much to spend on an engagement ring? So please don’t skip the article from anywhere and read it carefully because it will be very useful for all of you guys.
Table of Contents
Buying an Engagement Ring
First of all, decide the design of the ring. You know about the choice of your partner. Observe what she likes, whether she desires heavy jewellery or prefers simple ornaments. If you consider all these factors, it will be easy to choose the right ring for the engagement day to spend on an engagement ring.
Besides this, keep in mind the following factors:
- Usually, gold, silver, and platinum rings are given on engagement. Platinum is expensive and rare. On the other hand, white, yellow and rose gold can be found easily to spend on an engagement ring.
- Diamonds come in a lot of shapes. Marquise and pear-shaped diamonds are expensive, whereas round cut diamonds have relatively higher rates. Decide the body according to your partner’s preference.
- Observe the cut and clarity of the stone before you spend money on the ring.
- Keep in mind the carat size and get it measured correctly.
- Purchase ring from a certified laboratory.
Keeping in mind all these factors, here is a guide about how much to spend on an engagement ring:
Follow the Average Rate to spend on an engagement ring
Different surveys concluded that the average money spent on an engagement ring is 4000 US dollars. So you can follow this average rate. Look for a call under 5000 dollars. Sarcastically, the average rate for engagement rings in the past was above 7000 dollars which are now reduced to 4000 dollars.
Spending Three Months Salary
The rule of thumb is that you should least spend at least the salary of three months on the engagement ring. It is the most popular rule followed. Just count the amount and start saving the money. But if you are conscious about budget and cannot afford this much expense, then move a little back to spend on an engagement ring.
Spending Two Month Salary on an engagement ring
If you are an average human in spending money, then buying a ring equal to your two-month salary is best for you. It would neither be too expensive nor too cheap to spend on an engagement ring?. So staying in this rule is better than the other two to spend on an engagement ring.
Spending One Month Salary
Those who plan a budget and spend money accordingly might have difficulty giving too much for an engagement ring. So for those, it is advisable to pay one month’s salary. Your budget will not get disturbed this way to spend on an engagement ring.
Those who plan a budget and spend money accordingly might have difficulty giving too much for an engagement ring. So for those, it is advisable to pay one month’s salary. Your budget will not get disturbed this way to spend on an engagement ring. First, you should explore affordable engagement rings on the Internet to compare the prices and find a suitable seller. For example, ItsHot’s collection of more than 200 pieces of affordable diamond engagement rings starts with just under $300
Do not Follow a Rule.
It is not necessary to buy the ring according to the abovementioned rules. You may not want to follow any law. Just purchase the jewellery that you like in the shop. But it is advisable not to spend too much because it can upset your budget and you may not recover that.
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