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She wanted one that was 10k. Way too rich for my blood, but then I started thinking of it more as a long term investment. Her family has wealth that we will come into (and are very generous already), so if we started this thing out on the right foot I’m sure I’ll reap monetary benefits in the future. So 10k it was. I plan on this working out for life, so if it doesn’t maybe I’m a bad investor
Why do people care so much about what others think? I don't understand the status symbol thing either. Buy something that you think appropriately shows your love for her.
My income is $300k and my fiancé’s is $400k. We live in SF and our combined NW will hit $1mil by end of year. We agreed he wouldn’t spend more than $500 on my ring, mostly bc I showed him how much diamonds are a true ripoff. Got a gorgeous forever-lasting gold ring with a precious gem that isn’t diamond and absolutely love it. Idk, think about the box is my suggestion. Traditional guidance is idiotic.
Just seeing this @ Director 6. We’re both 28 and just started making this much 1.5-2 years ago. So doing pretty well at almost 1M 😛 we max out our 401ks and invest ~ 60-70% of our post tax income.
I spent about 20k for ring and wedding band making $150k at the time. Don't regret it at all - she loves the ring and it didn't impact my lifestyle as I just paid from my savings.
Buy her what you can afford now and let her know it's just a starter. Once you come-up, you'll replace it with something better.
Curious on how your thoughts on spending would change if her family was not wealthy, or if she did not have those extra properties?
Are you asking everyone’s opinion because you’ve already talked to your SO and are wanting to justify it? If not, I suggest having a conversation with them first. Especially before you spend crazy money or buy something they will potentially wear for many years to come.
My SO thought I was going to be somewhat high maintenance. Then he learned that I hate wearing rings...paired with the fact that when I was younger my sister saved for months to buy me diamond earrings as an early hs grad present. Took them on a soccer tourney, lost them within the first two weeks I had them. Ever since I don’t allow myself to own expensive jewelry because I don’t want the guilt associated with something happening. My ring was a few thousand, sits in a box that I only wear on special occasions, and my band was $79.
That being said- everyone has different likes and priorities. If materialistic items are your/their priority, that’s something that means significant value when assessing the relationship. If other things are priority, this is just a “feel good for the moment” item that doesn’t need to be extravagant.
Regardless, ask your SO. You’re making a decision to spend the rest of your foreseeable future with them, not the countless strangers with wavering anonymous advice on this app.
I knew I wanted to buy a carat round, those started around 8-9k for a decent diamond. I ended up spending 13k on the engagement ring (custom made) and other 5k on her wedding band (also custom). I wish I would have gone with a slightly larger center stone, but I really like the look of the one I bought...so it’s all good, just feels a little small now (1.07 ct)
Financially I was in about the same spot, but with 100k student loan debt. I don’t regret spending the money...in retrospect I would have been okay with going a few k more. She and I had conversations about what she might like, and it was up to me to be smart/ practical about it.
Add $1k for each year she agrees to stay hot and then hold her to it 😂.
Damn. Just having some light hearted fun. My wife did not expect me to gain 30 lbs after marriage. I would have signed up for a contract to keep my shape for some $$$. 😂
Spent 1.5k on mine. She wanted a lab diamond so I obliged. Whatever you feel conformable spending for what they want OP, only assholes would judge.
Go lab created diamond. Conflict free and it’ll save you a lot of monwy
Rising Star
Engagement ring or wedding ring?
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Was going to ask the same thing - very different expectations for wedding ring and engagement ring. Most people say 3 months salary for an engagement ring, but it depends on what she likes and your actual budget: does she like expensive jewelry over something else (like to put it towards a down payment for a house), would she prefer vintage/conflict free/natural vs synthetic/non diamond, etc. All these factors will affect spend.
As another commenter said, I’d look into lab grown diamonds. I got a really nice 1ct lab grown diamond and a custom designed ring for just under 5k a couple years ago. Good luck!
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Living in Texas!
Mine’s $6k and it’s perfect - I love how it’s simple, but has a nice size stone and I get many compliments on it. I also like how it’s only $6k so I don’t feel paranoid about how I care for it or how often I take it to the jeweler to get it checked and cleaned 😁 (I like nice/quality things, but am very much low maintenance otherwise, so for me it’s the right balance).
You need to ask her what she wants. Talk together about what she wants, what makes sense for y’all to spend, etc.
That’s risky. Depends on her personality. That can easily backfire 😂
$2000 maximum, regardless of income or any other variables
7k. Done.
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I spent $4k. But had it custom made in Dubai.
Couldn’t imagine spending more than say $10k on a ring.
Just make sure you have it insured, or it’s double the cost. My wife lost hers and thank goodness we had the first insured. 🙏🏽 Otherwise the replacement would have been the pawn shop special. 🤷🏽♂️
Buy the stone from a broker and then hire someone to make the ring. My wife has a one of a kind piece with a diamond and sapphires that cost 1/4 of something from a jewelry store.
I spent 4 k on half that salary ..seems about right
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My best friend told me to look at her Pinterest to get ideas..
Me: "she doesn't have pinterest"
Also me: "huh, here's her pinterest"
I took style/design from there and we talked about it.
I spent 9k for the ring (valued at 13k) on a 72k salary at the time