How Much Should I Spend on an Engagement Ring?

Category: Product Education, Budget Planning
Date: 17 October 2016

How Much Should I Spend on an Engagement Ring?

If you’re planning on popping the question to your special someone, you best come prepared with a ring that she can’t say no to.  There are lots of options available – from plain, simple, single bands, to elaborate diamond encrusted pieces worthy enough of a space in any royalty’s jewellery box. But while a lot of engagement ring buyers want to impress their partners with expensive pieces that better capture their love, affection, and purpose, many still wonder – how much should be spent on an engagement ring?

Determining How Much to Spend on an Engagement Ring:

Consider Your Budget - This has to be the most important factor in determining how much you should spend on a diamond ring, as you wouldn’t want to buy something that’s out of your budget. Diamonds can be pretty expensive, but their cost depends on a lot of different factors. There are some lower end diamonds that cost much less, but don’t expect these to shine and glimmer with the brilliance of higher end pieces. While it has been said that you should spend at least 2 to 3 months worth of salary on an engagement ring, this isn’t actually the right way to set a budget. The best way to determine how much you can spend is identifying a price that doesn’t burden your bank account, but at the same time, gets you an engagement ring that your partner will love.

Consider Your Partner's Preference - There are some women who like large, elaborately designed pieces, and these often cost much more than simpler ones. When choosing an engagement ring, think about your partner and what they would most likely wear around their finger. As a general rule, single-diamond adorned engagement rings are much more affordable and easier on the pocket. Bands that have multiple diamonds set in the precious metal can set you back a much bigger cost. But of course, this still depends on the size and quality of the diamonds used to design the ring.

Consider Retailers – Some retailers sell their engagement rings for much lower prices compared to others. At ValiDiamond, we offer some of the best diamond engagement rings available to date, and put them at reasonable prices so that anyone can buy a beautiful ring for their intended. We also sell pre-owned engagement rings that are available in a wide array of different designs, guaranteed to capture the heart of your beloved.

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