How Much Should You Spend on an Engagement Ring?

By

A wedding may be a romantic scenario that every girl has fantasized about countless times since she was a little girl, but a proposal is the most ritualistic scenario that many girls and boys in love have been looking forward to with great anticipation. When you think it's time to move on to the next stage of your relationship - the proposal, have you ever been confused about how much to spend on an engagement ring to show your true love for her/him? How much to spend on the engagement ceremony to create an unforgettable proposal for your beloved one? 

DR engagement ring

You may have read online, in various forums, magazines, or from others about the “three month salary rule” and the “two month salary rule” for engagement rings. These engagement ring spending rules consider spending a quarter or a sixth of your annual salary on your fiancée's proposal ring to be the sincerest way to show your love. This means that if your annual income is $80,000, you should spend $20,000 on an engagement ring under the three month’s salary rule, or about $13,333 under the two month’s salary rule.

In fact, those so-called rules for engagement rings are considered outdated marketing techniques. How much should you spend on an engagement ring is entirely up to you and your personal wishes. You are not required to follow these engagement ring cost rules. If you want to know exactly how much you should spend on an engagement ring to meet your fiancée's expectations, then you can look at the average engagement ring cost in your area, understand the factors that affect the engagement ring price, and determine it in relation to your financial budget and personalized needs.

Average Engagement Ring Cost

When you decide to purchase your unique engagement ring, check the average engagement ring cost in your area to set a starting financial budget in your mind.

Based on current data disclosed in the jewelry and wedding market, the average engagement ring cost for Americans is in the range of US$5,000-US$6,000; the average engagement ring cost for Brits is around £1,500-£2,500; Singaporeans is S$1,000-S$3,000; Malaysians is around RM6,065.25.

Noteworthy, the above figures are only the national average engagement ring cost, and the engagement ring price varies from region to region. According to data research from The Knot, the Mid-Atlantic has the highest average spend at $7,900. Midwesterners lagged behind, with their engagement ring price worth an average of $5,200. In regions such as New England, the Southwest, and the Southeast, the average cost is $7,400, $5,500, and $5,300, respectively.

Factors Affecting the Engagement Ring Price

Once you have a preliminary idea of the average engagement ring cost in your local area, you probably have a budget in your mind for your diamond engagement ring. But you should also consider some of the factors that affect the engagement ring price to determine how much to spend on an engagement ring.

The 4C's of the Diamond

There is nothing more valuable than a sparkling diamond on an engagement ring. The jewelry market measures the value of a diamond based on the 4Cs of cut, color, clarity, and carat. The 4C's is a recognized method of grading diamonds, created by the Gemological Institute of America (GIA).

  • Cut: The diamond cut rating applies only to round diamonds and is essentially about the degree to which the facets of the diamond interact with light. Diamond cut grades are rated primarily by brilliance, fire, and scintillation, i.e. the brightness of the reflected light; whether the diffusion of white light exhibits flashes of all colors in the spectrum; and the degree of scintillation emitted by the diamond when the light source is moved. The excellent diamond cut has the best brilliance, sparkle, and light dispersion. They have the highest light return and price tag due to their rarity.

diamond cut

  • Color: The color grades in the 4C’s are for white diamonds. White diamonds are graded from D (colorless) to Z (light yellow) in color, with grades D - F being colorless ice white. Grades D - F represent the rarest color and the most expensive. Grades G - J, on the other hand, are virtually colorless. The more the color grading system leans toward Z, the more yellowish the diamond will appear.

In addition to white diamonds, there are also black diamonds, red diamonds, blue diamonds, green diamonds, and pink diamonds. Depending on the rarity of the color, the engagement ring price will be higher.
diamond color grades

  • Clarity: The clarity of a diamond refers to whether inclusions are clearly visible inside the diamond when viewed through a 10x loupe. Depending on the number of visible inclusions in a diamond, clarity grades can be classified as Flawless, Internally Flawless (FL/IF), Very Very Slightly Included (VVS1/VVS2), Very Slightly Included (VS1/VS2), Slightly Included (SI1/SI2) and finishing with Included (I1, I2 & I3). Technically, an engagement ring with an internally flawless diamond is the rarest and has the highest cost.

diamond clarity grades

  • Carat: The carat is the unit of measurement for the weight of a diamond and one carat equals 0.2 grams. The larger the diamond, the rarer it is, and therefore the higher the engagement ring price will be. Although there is no limit to the weight of a diamond, diamond engagement rings of 0.6 carats - 3 carats are the most popular, according to data disclosed by the jewelry market.

The price of a diamond engagement ring is not fixed and each couple has a different 4C combination than others. Most importantly, you need to combine your expectations for your engagement ring to make up your 4C combination and refer to the average engagement ring cost in your local area to determine how much you should spend on an engagement ring.

DR diamond engagement ring

DR Engagement Rings

Choosing an engagement ring is a big decision that requires a lot of thought and consideration. If you are considering a unique diamond proposal ring and engagement ceremony for the love of your life, then the DR engagement ring is the right choice for you. As a high-end jewelry brand, DR is committed to guarding your sacred love with only one diamond ring customized for the love of your life. Not only that but DR is also devoted to providing you with a diamond engagement ring at affordable prices, including My Heart series, Forever series, True Love series, and so on.

If you still have more questions about how much to spend on an engagement ring, Darry Ring welcomes you to make inquiries at any time.


Comments

Post a Comment

Popular posts from this blog

7 Signs To Tell If a Man Really Likes you

By
It's the question every girl asks herself: does he really love me or not? The best way to know is to simply ask him directly. But in a relationship or in dating, it might not be easy to find the truth unless you have psychic powers. You may think you know a guy's true feelings but then they go and do something hurtful that leaves you in the dust. That's why knowing the signs when a man is crushing hard can help you figure out exactly where you two stand - especially if you want to navigate the dating game with finesse or are looking for  true love . Whether we're talking about men, women, or gender-fluid people, human beings in general tend to get their wires crossed. With that out of the way, let's get into this. 1. He treats you with respect. An unmatured relationship is when a man keeps telling you that he loves you but does not really care about what's going on in your life. The very first sign of  true love  is he values you as a person, and he genuinely li
Read more

Improving Intimacy In Marriage: Keep the Spark Alive

By
Approximately one woman in ten experiences a decrease in her sex drive at some point in her life, so it's kind of normal and common when sexual intimacy in marriage gets frozen. But you shouldn't give up having a great sex life once you're married or in a long-term relationship . Intimacy is key to having a healthy, functional and overall happy couples relationship . Couples newly in love or couples in long distance relationship typically experience feelings of closeness and excitement of sex. But intimacy tends to follow a pattern as love relationship evolves. That's followed by the stage in which many couples start a family, or end up their separation. Having children significantly changes a couple's intimacy. Couples' lack of private time for raising babies and juggling careers and household responsibilities are also priorities rather than intimacy.  Besides, the newness of the relationship wears off after over 4 years of being together. This is why intimac
Read more

The so-called love is a serious illness, and your illness will be cured.

By
When it comes to " broken love ", we always think of the pain and hard to let go. Every day after a breakup, we are tormented by the fond memories of those past loves. We may even do things like ： frequently "snooping" on our ex's social feeds Contacting your ex late at night to get back together Sending your ex a long essay ...... Falling lovelorn for a long time can also affect our own life and the path to the next intimate relationship . So, when we fall out of love, how do we get out of this pain correctly? 1. Allow yourself to release your emotions. It's normal to feel sadness, pain, grief, self-doubt, and other emotions that come with the loss of a relationship. Cry when you want to, don't hide your emotions and try to let them out, then accept what is happening at the moment. You have to believe that loving someone is not that tiring, and being attracted to someone is a natural thing. 2. Stop denying reality and accept it. People who have broken
Read more

Why Justin Bieber Didn't End Up With Selena Gomez?

By
Justin Bieber and Selena Gomez's love relationship was extremely popular with fans for much of the 2010s. The fans called the love couple "Jelena", and believed that they would definitely get married in the end, even if they were on and off for many years. However, the couple's relationship was called off for good in 2017. "Justin and I were friends for a long time. I met him when I was really young and he was one of my best friends. Everyone knows that at a certain point in time that turned into something else, but that just happens when you're 18, 19. It was what it was." That was what Selena told the press in 2018. And it was when Bieber went on to marry model Hailey Baldwin. Fans were madly curious to know why exactly Bieber choose Baldwin after breaking up a long-term relationship with Gomez. And nobody stands out to say anything but we still can figure out something, especially for a marriage relationship . Take your own time and focus on yourse
Read more

I never knew that trust could be as simple and natural as breathing

By
The first time I met Dana was at a little shabby coffee shop on York Road. It was very early. The coffee shop was just opened. There were few people on the streets, and she showed up in a white shirt with a midi skirt. I noticed the oil stain on her shirt, and her messed hair and untucked shirt made her look worse. She was a mess. That is what I thought at first sight of her. So when I met her two days ago, in California, at a noisy bar by the beach nearby my hotel. I was surprisingly happy to see her stunning look with a big smile walking toward me. And there were a big shinning, eternal engagement ring on her left ring finger! She finally found her right one! Dana was one of my clients. She is a nice and outgoing girl but has trouble in   love relationships . So she came to me for help. I asked her whether I could tell people her stories because what she experienced is what many girls are suffering from. But I didn't do that until seeing her much better this time. So I am going
Read more

Want a Happy Marriage? Have a Big Wedding and a Cheaper Ring.

By
If you're serving burgers and salad at your backyard wedding, and your wife is wearing a simple 0.1ct diamond ring , don't you be worried. You and your spouse may be a lifetime love couple .   A new research by Professors Francis and Mialon found that recently married couples who spent just $1000 or less on their wedding were 54% less likely to get divorced compared to those who spent around $5000 and $10000. According to the study, the wedding industry has grown substantially throughout the twentieth century in part due to the rise of consumerism and industry efforts to commodify love and romance. One example of this was the emergence of bridal magazines, and another one was the campaigns for diamond engagement rings. The Brides.com recommended 12 months of wedding preparation and published a checklist with 44 tasks to complete, which made a wedding far more complicated than in 1959 when you just needed 2 months for preparation. As for diamond rings, the most well-known campai
Read more

4 Signs Your Partner isn't in Love with You Anymore.

By
Relationships require mutual consent to be established, but separation is a personal decision. Since when did our relationship start to drift apart? People who would once travel across town to see you may end up not even wanting to say goodbye face to face. Perhaps you often wonder why it turned out this way? How did it get to be like this? But you have to admit that there are signs that a person's feelings have changed, but you just don't want to find out that the person has changed. So, dear friends, if you don't want to get stuck in relationship misery, read this article carefully and be brave enough to face the truth about your relationship. 1. He takes longer and longer to respond to your messages When you first established your relationship, he was always very enthusiastic about you, at that time he wanted to see you every second and thought you were the most wonderful girl in the world. But after a month, he started to get busy and contact started to go from three t
Read more

How to Determine Your Ring Size Based on Ring Size Chart

By
Image
As an essential and romantic element in the three most important scenarios of life - proposal, engagement, and marriage - the ring usually comes with a surprise. But the bigger question that always arises when you decide to go for a diamond ring is how you determine your ring size. Whether you buy a diamond ring online or offline, there are millions of options in front of you. It's really hard to determine the exact size of the ring you fit just by looking at your finger with the naked eye, as not everyone is an expert in this area. Therefore, to carry out the next step in your practice, you need to understand how to determine ring size based on a ring size chart . What Is A Ring Size? Ring size generally refers to the number associated with the diameter or circumference of the inside of the ring band, usually measured in millimeters, centimeters, or inches. Because the size of the finger on which each person wears a ring varies, there are different ring sizes, just as there are fo
Read more

Do the impossible for you, there is always something unexpected.

By
At the beginning of the story is that the boy and the girl are the fans of DR, being asked to share their love story. And for the particularity of their identity - High school students. We do not reveal any personal information about them for privacy, but the story was told by their real sharing. This communication came from when I accidentally met a female classmate of my younger brother, who received a DR ring, and I was so surprised and curious. The diamond ring to a high school student? So I talked to V, and although it was a short conversation, I got a strong feeling about it. And my memories of high school kept coming out. However, I can't experience the same thing that happened to Valin, obviously. You have to know, that the status of your school love relationship basically equals how much happiness you are in your whole school time . We are talking about most people here. The feminine lead in this story, Valin, is a high school student now, and she has been with her boyfr
Read more