Are you at the stage where you’ve just popped the biggest proposal question and now have to look for the perfect engagement ring? It’s an exciting time and incredibly stressful!
Planning a wedding is complicated but comes with many fun traditions and ideas. One of the opening traditions is picking out an engagement ring, and deciding how much to spend on the engagement ring is a controversial topic.
If you have no idea how much you should spend on an engagement ring, here is an essential guide to how much should you spend on an engagement ring.
How Much Should You Spend On An Engagement Ring, Anyway?
The average price of a ring can vary depending on the type, quality, and the place of sale. Rings made of precious metals and stones, such as diamond engagement rings, will cost more than simple bands. However, the average price of an engagement ring is typically between $1,000 and $5,000.
Buying a ring from a brick-and-mortar jewelry store will likely cost more than ordering the same ring from an online retailer. Sales and promotions can help lower the cost of an engagement ring. However, it is still essential to know the average prices to ensure you get a good deal.
Budget-Friendly Engagement Ring Alternatives
The search for engagement ring styles can be stressful and expensive. There are plenty of beautiful and budget-friendly out there.
To shop these rings without breaking the bank: know what engagement ring styles you’re looking for and your budget. Then compare prices and options at different jewelry stores.
You can find options for as little as $500 considering semi-precious and synthetic gemstones like Cubic Zirconia, Moissanite, and Morganite. If you find a ring you love, but it’s out of your budget, try negotiating with the jeweler to choose various options available.
Make Sure the Ring Is Worth The Money
When you are shopping for an engagement ring, it is crucial to keep in mind that the ring is a symbol of your love and commitment. So you want to ensure that you get the most for your money.
If you have already found your chosen piece, the first thing to remember is to check if the ring has been crafted according to its price. You can use the 4Cs to analyze your jewelry—the 4Cs stand for carat, color, clarity, and cut.
Carat weight is how a gemstone is measured and sized. The cut is how well the diamond has been shaped. It also includes the height, depth, angles, and other factors.
Remember that an engagement ring costs 4 Cs depending on the individual case. However, the cost will generally fall between $2,500 to $5,000.
An Engagement Ring to Last A Lifetime of Love
Knowing how much should you spend on an engagement ring is a highly personal decision. It would be best if you paid what you feel comfortable spending. Choose what you think is the best engagement ring representing your relationship and commitment to your partner.
If you need help making this decision, many resources are available, including jewelers, financial advisors, and online calculators. Whatever you do, ensure you are comfortable with your purchase and feel confident in your choice.
If you’re looking for a little more advice and tips, check out some of our other articles today.
