What is a reasonable amount to spend on an engagement ring - is there a math you can do vs. compensation / savings to arrive at a range that would make sense? Want to reasonably save for other things while buying the best ring i can.

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Dude whatever she likes that won't break the bank. Sooooo many other expenses that are more important than a flex piece. Women need to be more secure in themselves and not worry about the compliments they get from others cause of some rock. My wife and I picked out her stuff in 2 hours haha. She knows her value doesn't come from that and we'd rather save up to start our life together, travel, and enjoy ourselves than something that'll barely be worn. Some norms in society are so ridiculous in my opinion, the 3 months of pay should be destroyed. How much for the wedding then? The dress? The honeymoon? Should he spend an entire year for just 10 days. Foolish and a woman who wants best for her man would never even allow him to do it let alone expect it.

likesmarthelpful

PREACH 👏🏼👏🏼👏🏼
I’m 29F, seeing people spend $$$ on the consumeristic wedding industry.

It’s such a SCAM given so many people get divorced too smh.

I don’t even want an engagement ring, give me a solid gold band and I’d rather spend $10k on a sick trip.

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All depends. For example: Most of this advice is unlikely to fly if you are a male partner in your late 30s in nyc marrying a woman that has successful friends.

Totally different story if you’re 22 in Dayton Ohio marrying your hs sweetheart.

In attempt to answer the actual question: start at ~2 months gross salary and flex up or down from there based on the circumstances.

likesmart

There we go - a realistic answer

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Rings are pretty strange things. 'Two months' of salary can be a crazy amount, especially when you have a wedding to pay for. Anything over $10k is something no one should be wearing on a regular basis.

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Allegedly, it is supposed to to be 10% of your annual salary. Frankly a ridiculous tradition. Engagement rings do not hold their value either

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10k max. 3 to 6k and you're golden.

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I spent $1800 and she picker it out. We saved for our first house. (2020)

smart

I spent $16K on my fiancée’s engagement ring, and I wish I wouldn’t have, though she is absolutely in love with it. She also lives in Brentwood, growing up in a home I will never be able to afford. It just depends on your budget, where you’re buying the ring, your partner’s taste, and how much she knows about diamonds. I would say no more than $10k max. If you look at rings and the price causes you stress, don’t buy it.

likefunny

My ring was $3k in 2017 and I wouldn’t have wanted anything more. I’d rather spend that money on a house, a vacation, a dog, a kid, etc!

likesmart

In NYC I’ve seen some rocks the size of my head (exaggeration…but only slightly). I find it not impressive and somewhat off-putting frankly.

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Also impractical most women I know that got rings like that no longer wear them out of fear to lose the stone. The stone gets caught on cloth and scratches up car doors.

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Figure out what she really wants first, then figure out the right price for it.

My wife ended up loving this really elaborate designer setting, which obstructed the view of the stone enough that it didn't make sense to get an expensive stone. The stone mattered so little that the jeweler suggested going with CZ and she agreed.

I was able to get out of there out a platinum custom designer ring for under $5k and a ring she truly loved.

Pic is off of Pinterest, but that's a Verragio ring just to show how it obstructs the stone. Alternative stones ftw!

If your partner wants a solitaire diamond, good luck brother. That's just raw $$.

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That’s very ornate and pretty. She’s got good taste. Also at least you paid for craftsmanship and the metals as opposed to the rocks which fluctuate in value a ton.

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My wife wouldn’t go for it… but lab grown :)

https://www.swarovski.com/en-US/p-M5699031/Eternity-solitaire-ring-Laboratory-grown-diamonds-3-ct-tw-Round-cut-14K-white-gold/?variantID=5699031

likesmart

I feel the same way about electric cars and batteries

35k. It’s a beautiful ring and something that can be passed down.

P1 spitting facts

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Omg please post a ring pic I’m dying to see 😭

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Listen to what your lady wants! There is no minimum nor maximum for the ring! Everyone also value it differently and see it differently. The old school way of xx month of salary don't make sense any more.

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Spent 19k, Income - 225k

Purchased overseas (UAE) - the equivalent ring in the US would be about 25k.

likesmart

I literally just purchased a Lab Grown Diamond 2.5 Carat Diamond, E, VS1, Super Ideal, GIA Certified. Ideal in all categories, depth, table, etc. all perfect for maximum sparkle and fire.

Cost me like $2100 for stone + setting and this thing looks amazing and SUPER affordable.

This thing natural would’ve cost like easy 20K. No reason to buy natural in my opinion when you’re losing 50 percent of value the second you walk out of the store. Happy with my purchase for sure and our household income is ~475K in Texas. (She already told me lab was fine so it’s a WIN).

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Where'd you buy from?

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I bought a beautiful hidden halo w/ lab grown diamond, compared it to a blood diamond, and applied the difference (thousands of $) into her student loans. We don’t view the diamond as an investment vehicle, and she absolutely loves it.

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I make $350-400k and spent $21k on the ring

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Doesn't matter! OF is cheaper

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Max 3-5K because I also agreed with Senior Consultant 1

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It really depends on what she likes and what your budget is. I’m a woman who does care or wear much jewelry and just wanted a simple band. When my obnoxious mother found out she gave my husband a very expensive family ring for me to use because I’m her mind a band was to basic. While it is a beautiful ring I rarely wear it and 95% of the time I just wear a silicone ring or my plain band, rarely do I wear the “engagement” part with the big diamond.

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I'm lucky that my now-spouse is about as far from materialistic as you can get. When we got engaged, rather than go in debt on the ring, I went with an heirloom ring. I took my great-great-grandmother's ring, resized it, and had her birth stones added on either side of the ~.3c diamond. My total OOP was something like $500.

My wife loved it and has worn it every day since then.

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We spent less than 2k on a beautiful moissanite that is a rainbow sparkle bomb. It is a similar size and design to rings that sell for high five figures, almost 100k, at Tiffany's. Especially for high earners, multiple months of salary is a scam.

The successful friends in a big city vs high school sweetheart in a small town piece does not justify tens of thousands of dollars imo.

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