Not looking at TC, what is a reasonable amount of money to spend on an engagement ring?
- VMware IsThisReal$0 on diamonds. Diamonds are the biggest scam in the history of the world.
- I'd say, about 1000 bucks gets you a decent ring. Spend the rest on a good vacation
- My fiance and I both value a lot of other things over jewelry. That said, she will still be wearing it for the rest of her life (hopefully).
I opted not to go the diamond route, instead picking up a sapphire. From an independant jewelry maker, I got a really nice ring for 5k.
Dont fall for the "valued at" bs. You'll end up paying $10k for something with a resale value of 5.
Really though, it is all up to you and your partners tastes. I recommend going moderately modest. Huge rocks only serve the ego and are a waste of money that could be put to better use. Small rocks scream "I can barely do this". Find the balance. It isnt about the price tag, but how it looks and makes you both feel.
Only get what you can pay cash for as well... who wants to get married with debt on your shoulders?
- Lol...there was a lot more to it than just "a sapphire". But thanks for making the assumption that you know exactly what I bought, pricing it in your head, and then calling me unqualified for paying more than whatever you might have made up in your imagination... I am.sure your attitude will serve you well in life and with your spouse (if you ever get one)Jan 292
- Did months of research on diamonds and unless you got some new found metal from from mars, you basically paid 5k for glass. Anyway, i am sure that constantly having to tell yourself how rare and special sapphire is will serve you well in life and with your spouse. (FYI, my wife says hi and recommends that you splurge a bit next time and get her an engagement ring with gorilla glass).Jan 291
- Facebook pndubsIdk about your partner’s preferences,but I’m a woman and think that dropping five figures on a piece of jewelry is bonkers. Especially diamonds. Look up “Have you ever tried to sell a diamond?” from The Atlantic. Old, but relevant.
The wedding industry in general is optimized to milk as much money out of young couples as possible because getting married is a Very Important Life Moment and gosh, why wouldn’t you spend any amount of money to make your wedding the best wedding ever? Or at least make it a reasonable approximation of that aspirational thing on Pinterest.
My suggestion: Unless you know that your partner very much prefers the pop-out-of-the-bushes-with-an-expensive-rock-I-had-no-role-in-choosing approach, ask her about what she wants. It could very well be that she doesn’t want a crazy extravagant diamond ring, and even if she does, best to know what she has in mind before you drop $$$ on it.
- I'm a female, and to me reasonable is under few Ks. You can wrap it in a vacation trip tickets, but spending more than that for a ring just seems useless to me, no matter what your TC is.
- Amazon DeedadooIt breaks my heart that men spend this much on a ring. It breaks my heart that women want this. Can everyone please wake up and blow that money on vacationing and doing drugs with their lover (ok the drugs are optional)? Let’s charter a yacht, get high out of our minds, and bang until we’re chafing. The memories would last a lifetime.
- My husband got me a beautiful ring for $3,000. It’s all about the love, trust, and commitment. Save your money for your future home, family, and vacations. 💍 Don’t believe the hype to spend more.
- You can get a Tiffany engagement ring starting at 4K. Buy it second hand and it’s 2k. Anyone spending 10k+ plus and paying retail is idiotic. It will lose 30-50% of its value the second you walk out of the store.
- Spotify lakeI’m a software engineer and I know I’m effectively paying for half of it once our wealth is combined, but I love nice jewelry and this is one area of life I’m willing to splurge on (and so is my SO). There is actually a commodities market with a fairly definitive price for fine diamond based on the fluctuations of that market, so while not an investment (in the same way that your primary home isn’t), it doesn’t have zero value so long as you’re not paying retail. The point is to validate your expectations with your SO, and if your SO expects a pricier ring, you can make the decision about whether this is a luxury worth having. Ultimately we all make enough for this to be a choice.