When it comes to buying an engagement ring, there is no fixed price limit. However, it is important to consider your income, lifestyle, and debt-to-asset ratio when deciding how much to spend. Working at the lower end of the color and clarity scales can help reduce costs without sacrificing quality. You can find stunning diamond engagement rings at great prices, such as a 1.04 carat princess-cut white gold pavé ring or a 1.52 carat round-cut ring with Blue Nile WG double halo bezel.
More than half of women prefer a fairytale proposal over a large engagement ring, and 46% are even willing to share the cost with their partner. Our study found that approximately one-third of all respondents are. It is important to remember that the two-month rule for buying an engagement ring is created by sellers and can be safely ignored. Engagement ring calculators can help you decide how much to spend on an engagement ring by gathering information about your financial situation.
Zales ranked second among the most popular stores for buying engagement rings, with 17% of respondents reporting that they went there. Sticking to a budget can be difficult, as around 63% of ring buyers met their number, while 29% exceeded their spending limit. Ultimately, it is important to remember that the amount you spend on an engagement ring should reflect your financial situation and not be based on any arbitrary rules.