How much did you spend on engagement ring?
, May 05 2012 05:39 PM
235 replies to this topic
Posted 06 May 2012 - 08:23 PM
I worked in jewelry retail about 10 yrs ago, and then the 'rule' or guideline was approx 3 months salary as the ball park figure.
This seems pretty outrageous. The average gross salary is about $70,000. Thus 3 months worth would be $17,500 - way too much IMO.
I think this kind of rule was made up when you could by a house for three years salary (in my parents time). Nowadays a house is more like 10 years salary, so other things might need to be a little less!
Posted 06 May 2012 - 08:27 PM
Zero. Never had one.My commitment isn't measured in bits of shiny geological relics
Posted 06 May 2012 - 08:28 PM
Mine was 10 years ago and cost about $10K. I never think about the cost and I wear my ring all the time - washing up, gardening etc - it is a part of me. For us, it was the right ring. It is very simple - just a single diamond - nearly flawless 1 carat.
It is certainly not as big as many of the rings that my colleagues in Financial Services wear.
Posted 06 May 2012 - 08:51 PM
Look, I understand the "that could have saved so many lives" argument. I've been known to deploy it on occasion when DH wanted another techie gizmo.
But - every family is different. In my family (as an example), jewellery isn't just a fashion statement or a pretty bauble. Stones are consciously chosen to be heirlooms and gold is seen as an investment. (Perhaps this is the migrant experience talking - diamonds are easy to carry when you're running!) So for my 30th birthday my parents gave me a (small) piece of gold. On other occasions they've given me precious stones (like the ones in my engagement ring). But to them, that's doing a similar thing to what some parents do with trusts or bank accounts or - I dunno, whatever investment floats your boat, I guess.
I'm just pointing out that spending on jewellery may be more than frivolous, and may carry meanings dependent on family or culture or personal history or whatever.
Posted 06 May 2012 - 08:52 PM
Three months salary? What a load of rubbish! That means someone earning $3000 a month, which is NOT MUCH AT ALL, would spend $9000???
Posted 06 May 2012 - 08:53 PM
about $500 14 years ago and I still adore it.
Posted 06 May 2012 - 08:55 PM
EB makes mee feel poor when I otherwise don't. Anyone? Anyone?
Posted 06 May 2012 - 08:55 PM
$12k for engagement ring and $1200 for wedding ring. I love them both. Each to their own. We already had property (separately) when we got engaged.
Posted 06 May 2012 - 09:02 PM
EB makes mee feel poor when I otherwise don't. Anyone? Anyone?
Some of the posts on this thread certainly do make me feel poor!
Posted 06 May 2012 - 09:02 PM
Please leave insults about how much people may have spent out of the thread.
I have removed a post that wasn't necessary and then one that was in response to it.
Posted 06 May 2012 - 09:04 PM
3 months salary? what the?!?!?! That means we would have spent close to $20k !!!! Our wedding/engagement set cost $1200 (reduced from close to $3000) & I LOVE IT!! We both picked it. Besides, once he proposed, we were married within 7 weeks so THERE dumb jewellery owners!! You didn't get our extra $$$ as once jewellery is purchased, it looses its value. What a waste!
ETA: not an attack on people who are here (I only read the first 10 posts) but it makes me sick when jewellery shops/advertisements DEMAND that you should spend so much $$$ on jewellery especially at Christmas & Mother's Day
Edited by Mel.Bell, 06 May 2012 - 09:06 PM.
Posted 06 May 2012 - 09:16 PM
This is in response to a removed post and I hope mods do not remove this one.
Ignoring the way you said what you said, the Fistula operation costs US$450, so it would not heal 1000's. I don't think any major operation costs less than $30.
As you are obviously passionate about the issue the Australian Dr Catherine Hamlin runs an Ethiopian based hospital helping women with fistulas and accepts tax deductible donations at her website here:http://www.hamlinfistula.org.au/index.html
Blood diamonds are also one of the many reasons I chose an antique ring.
Posted 14 May 2012 - 10:16 AM
It is silver with three cubic zirconias! It was the only ring in the store I fell in love with, so I'm happy!!
Posted 14 May 2012 - 10:24 AM
We bought mine and DH's rings together, and I think the total came to about $1200. I think mine was about three quarters of that, though! It's a gold band with three diamond clusters, I love it!
It was more than I expected to spend, but it's still the second most beautiful bit of jewelry I own (after the wedding ring, of course!), so worth it!
Posted 14 May 2012 - 10:32 AM
My engagement ring was my eldest daughter
...better than any diamond on this earth
Posted 14 May 2012 - 10:38 AM
My ex spent $14k on the diamond for my engagement ring. That was so he could flash it around to anyone and everyone to show off how much money he made! He is a tosser. I do love the ring as I did design it and it's truly unique. I am considering having it remodelled in to a pendant as I can't resell it for anything near what it's worth!
My lovely man will soon be proposing to me with a beautiful pink sapphire. The stone and the custom made ring were about $6k I think.
We could afford to spend a whole lot more than that if we wanted to, but neither of us can see the value in it. Even the $6k was a stretch for either of us to justify.
I had some white gold cufflinks made for him as an engagement gift (it's not really fair that I get bling and he doesn't after all), and they cost me $3.5k.
Posted 14 May 2012 - 11:03 AM
My matching ring set
cost under $1500 dollars.
The 3 stone is my engagement, the thin band with tiny stones is my wedder
Posted 14 May 2012 - 11:11 AM
I didn't bother with an engagement ring, I just got a stone in my wedding ring instead so it is kind of duel purpose. It cost $300 - custom made to my design, sapphire in a 9ct white gold band. I get heaps of comments about how nice it is too
Posted 15 May 2012 - 01:19 PM
Suffice to say, it is insured under its own section in our contents insurance!
I don't have mine insured, it is too expensive to have it insured and seeing how I wear it nearly all the time the risk of theft is minimal so I am prepared to take it.
Posted 15 May 2012 - 01:28 PM
My current ring is valued at around the 15k mark. A diamond in a platinum band, very plain.
Posted 15 May 2012 - 01:35 PM
Mine cost nothing. It belonged to DF's grandmother.
Posted 15 May 2012 - 05:59 PM
Well talking to newly engaged work colleagues today I certainly feel poor again... all of their DF's spent upwards of $10k and they all pay costly insurance...
EVERY SINGLE one of my work colleagues had their rings custom designed and said it took about 10 weeks of designing and sourcing diamonds... yipes!
Am I just cheap/poor? Or is it normal for me to not see the point?
Edited by Snowgum, 04 June 2012 - 05:30 PM.
Posted 15 May 2012 - 06:11 PM
Not sure what my engagement ring cost, around $2500? That would have been a lot of money for DH at the time. DH helped design it and i love it.
Posted 15 May 2012 - 06:21 PM
My df bought mine for me nearly 5 yrs ago it cost about $700. White gold with diamonds. We chose it together. And I wouldn't ask for anything different.
Posted 15 May 2012 - 06:37 PM
My DH paid 5k for my engagement ring a few years ago when we were both students (so he didn't want to go crazy). It is worth 6.7k according to the most recent valuation. He designed it and a well-known jeweler in Perth made it.
My wedding ring had to be custom-made too (so it fit around the engagement ring) and that cost about 1.5k. My Dh's ring cost about 1k.
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