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How much to spend on an engagement ring?

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What’s the reasonable price for an engagement ring? Examine these guidelines to determine How much to spend on an engagement ring?

Let us be together for the rest of our lives, I will assure you that, starting from this engagement.

Every woman hoping to share and spend her life with a man of her dream always looks forward to the day she receives that glittering and sparkling engagement ring on her finger. A killer proposal deserves a killer engagement ring. In the same way, a killer engagement ring deserves plenty of time to shop for that ring of your choice. To achieve a memorable proposal and engagement, bliss, time, and adequate money are required. 

This brings a nagging question to the fore: “How much to spend on an engagement ring?” Engagement is a unique and lifetime article. Hence, it deserves the best treatment you can offer it. However, some factors needed to be considered before you decide on how much you can invest in an engagement ring.

Ideally, how much should a man spend on an engagement ring?

The general rule about an engagement ring is that a man should traditionally spend about one month, two months, or three months’ salary on an engagement ring. Consequently, this means that a man who earns about $120,000 per year should be prepared to spend $10,000 on an engagement ring if he decides to spend only one month’s salary. For those who want to spend either two or three months of their annual salary, then they should be prepared to cough out about $20,000 or $30,000, representing two or three months’ salary.  

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However, the traditional rule may not be applicable in all situations. The rule may inappropriate for some classes of men. For instance, a man earns say, $30,000 per annum. Such a man may not be totally disposable to spend two or three months’ of his salary on an engagement ring. On the other hand, a man that earns over $250,000 salary per annum may want to spend a higher portion of his salary on an engagement ring.

As a rule of thumb, it is advisable to understand some factors to consider before delving into buying an engagement ring. One crucial factor to consider is your monthly earnings or salary. Remember, a ring, no matter its quality, is not all you need for a stable and enduring lifelong relationship. It is, therefore, necessary to go for a ‘pocket-friendly’ engagement ring. 

Another factor to consider when getting ready to decide on how much you need to invest in an engagement ring is the settings and styles of the engagement ring you desire. While the setting is a measure of gemstones set or fixed into the metal band, style depicts the overall design aesthetic, which can be solitaire, halo, or three stone.

Quality is another vital consideration before arriving at how much you need to spend on an engagement ring.

It is important to know beforehand the best shop to source for your choice engagement ring. To make the best decision on how much you should spend, there are some fundamental details you must know about engagement rings. 

Some tips to guide you in choosing a wedding ring

Let’s take a quick look at some tips that can help you make the right choice.

Be familiar with the 4Cs 

Knowing the 4Cs provides you with a clear insight into the world of diamond engagement rings. The 4Cs stand for Color, Cut, Clarity, and Carat weight and are the globally accepted standard to assess the true quality of any piece of diamond. The 4Cs helps to compare the qualities of different pieces of diamonds. Diamonds’ color grades determine the quality.

The Cut of a diamond is a measure of quality in terms of how it unveils its light. Clarity depicts the purity of a diamond in terms of no inclusions and faults. The Carat weight of a diamond is a measure of its size. 

The 4Cs will guide you to quickly know what you want and what to go for when gunning for an engagement ring.

Be familiar with diamond shapes, cutting styles, and cut quality

There are different types of diamond shapes, with round be the most common. But you can come across other fancy shapes such as marquise, oval, pear, heart, and square. The cutting style is an indication of how the diamond’s facets are fixed. The most common arrangement for round diamonds is either 57 or 58 facets. How a diamond’s facets interact with light is referred to as the cut quality of a diamond.  

Choose a metal band that matches

Choosing an appropriate metal for your engagement ring band enhances the overall outlook and the consequent price. White gold and platinum have stood out as the most enchanting metals for the band. That still depends on your choice and budget.

Choose the setting that endures

The setting pattern is essential as it enhances the engagement ring’s overall beauty and offers various protections for your ring.

Do you dig inclusions of side stones?

You can add side stones to your engagement ring to secure more elegance and sophistication. But be sure that such addition of side stones means additional costs. 

Check a diamond how it interacts with different lights

man and woman holding hands

Diamonds interact differently under various sources of lighting. Naturally, the diamond’s facets act like mirrors under different lighting conditions. The way a diamond will react in daylight is quite different from when placed under fluorescent, candlelight, or spotlight.

Don’t forget the sparkles 

The thrill and frill of a diamond engagement ring are the sparkles. So, don’t forget to check the arrangement and cutting styles of that diamond before you go for it. Make sure it has the best cut grade that will invoke the right sparkles you would love. In this case, choose between a diamond engagement ring with a cut grade of “Excellent” or “Very Good.”

Conclusion

Basically, choosing the right engagement ring depends on various factors, as pointed out earlier. However, understanding these guiding factors will help you to understand how much you should spend on an engagement ring. It is pertinent to mention here that you should not forget to understand and consider your partner’s ring style and ring size. 

Remember that the engagement ring is not for you but for her!

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I hope you enjoyed “How much to spend on an engagement ring?” with me, folks! Thank you SO much for stopping by. It means a lot.

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How much are you going to spend? Did you already spent on your engagement ring? Please tell us in the comments. Let’s have a chat.

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