Monday, December 4, 2023

Latest Posts

What To Spend On A Wedding Ring

Get The Wedding Ring Of Your Dreams From Diamond Registry

How Much Should You Spend on a Wedding Ring?

The idea of saving on a wedding ring cost has nothing with gifting your beloved an outdated ring. More accurately, weve discussed here the top ways to turn into reality the design of your dreams and not overpay for that.

With over 60 years of experience in the jewelry market, we are ready to help you get the wedding band with diamonds of any quantity and quality. Our goal is to provide the best selection of wholesale diamonds at an affordable price for all your fine jewelry needs. We want you to be comfortable with the purchase of your diamond engagement ring, eternity band, or wedding ring.

When youre ready to design your dream ring, well help you save money on a 100% conflict-free diamond. Contact us, and get a free quote from the diamond expert!

    Color intensity: Faint – Fancyi

    • Faint

The Original Engagement Ring

Meghan Markle and Prince Harry made their media premiere as an engaged couple on November 27, 2017, just over a year after they initially confirmed their relationship to the public. The two love-birds posed hand-in-hand for photos in the Sunken Gardens of Kensington Palace, where Ms. Markle was boasting quite a hefty bit of sparkle on her ring finger. While there hasn’t been much said on how the proposal went down, we do know that it was a very intimate event in the couple’s home.

Harry designed the three-stone stunner for his fiancée himself , which features a three-carat cushion cut center diamond from Botswana, a place that holds special meaning to the couple. While Princess Diana’s engagement ring became off the market when Prince William proposed to Kate Middleton, Harry still followed in his older brother’s sentimental footsteps by choosing jewels that once belonged to his late mother. The center stone is surrounded by two round diamonds from her personal jewelry collection, paying tribute to the fact that her presence will follow them on this lifelong journey. The design is set on a gold band, Meghan’s favorite, made by royal jeweler Cleave and Company. Markle’s engagement ring may be quite the contrast from Kate Middleton’s 12-carat oval ring, but we think it definitely suits her more understated jewelry style.

Antique Or Vintage Weddings Rings

Antique wedding bands and engagement rings can add rich history and something old to your nuptials. Whether its Art Deco or Victorian, a vintage or antique wedding ring can offer unique period design details that will set it apart from others. To confirm that your wedding ring is actually an antique and not a copy of antique design or reproduction, its always best to buy the ring from a reputable vintage or antique ring dealer who can confirm the age of the ring and the quality of the stones and metals.

While an older ring may cost less, there are still things to consider. Because rings were smaller 100 years ago, you may need to pay extra to have the band resized. Some designs have smaller stones that may require more carereplacing the tiny diamonds in an Art Deco style ring, for example, can add to the cost of maintaining the ring.

Read Also: Where To Buy Linen Suits For Beach Wedding

What If My Partner Doesnt Seem To Like Standard Rings Will I Have To Sell A Kidney

Please dont! The really wonderful thing about buying an engagement ring is that no matter what your budget, theres always a ring thats going to be perfect for you. Hoskings has been helping couples choose engagement rings for more than 75 years! We have a range of rings that look like a million dollars but are far more affordable, like this white gold diamond cluster ring thats less than $3,000.

Weve all heard that diamonds are a girls best friend, but if youre on a budget, its worth considering other options. Precious gemstones like ruby or sapphire are the next most popular and are usually lower in cost. Though no-one would ever think it, especially with amazing rings like this .

Who Traditionally Pays For The Engagement Ring

How Much to Spend on a Wedding Ring: 2021 Calculator

In most scenarios, engagement rings are purchased by the partner gifting it. However, in a growing number of scenarios, the wearer is contributing not only their opinions but also contributing towards the budget of the engagement ring, so speak with your partner if youre discussing finances and engagement ring shopping.

Also Check: How To Find A Wedding Band

Picking Engagement Rings Together

Do you plan to go engagement ring shopping together?

More and more couples are choosing to shop for the engagement ring together. Over 40% of women want to be involved in the ring selection process. Shopping together is a great way to be certain that she gets a ring that she’ll love.

If you really have no clue what kind of style she likes, then it’s even a good idea to let your girlfriend pick out her own engagement ring. This way, she has a say in what she likes instead of you taking a blind guess.

In fact, you can shop together and still keep the element of surprise. You can talk about stone and metal preferences and have your girlfriend pick out a few setting styles she likes. You can then choose the final design on your own and plan the surprise proposal.


How To Spend Whatever You Want On An Engagement Ring

The #1 question about engagement rings is almost always about cost.

And as Ive shown you, I have a different view than most people: If you want a $1,000 ring, great. If you want a $50,000 ring, also great. Again, the real meaning isnt in the dollars you spend, but in the new chapter of your relationship.

The easiest way to pay for a ring is to have followed the automatic savings plan in my book. Just like I wrote there, Id been saving for a ring for about 10 years even before I was in a relationship!

As the quote goes, The best time to plant a tree was 20 years ago. The second best time is now.

If youre reading this, chances are youre ready to pop the question, which means you dont have 10 years to save up for the ring. Thats fine. I suggest my article on how to make money fast for some ideas on long-lasting ways to have more money to put toward your ring.

But if Im catching you early, I have the perfect system for you to start saving for your engagement ring: Conscious Spending Plan.

This is the exact same system that my friend uses to spend $21,000 going out to bars and having a good time with friends. This is the exact same system I used to automatically save for the ring, so cost wasnt a primary issue.

This system which Ill show you lets you:

  • Automate your finances
  • Know where your money goes so youre in complete control of the situation
  • Cass for reviewing drafts of this post, and to all the readers who sent along their stories and advice.)

    Recommended Reading: How Much Is A Wedding Officiant

    Consider Your Lifestyle And Style Of Your Engagement Ring

    How much you should spend on a wedding ring will also depend on your lifestyle and the type of work you do. If youre a personal trainer, for example, and youre used to lifting heavy weights, youll want a flatter wedding ring, as opposed to a raised one that could easily get scratched or dented. Your lifestyle will help you determine what type of material you need, too: Gold is more malleable, whereas platinum is more durable.

    For people who also wear engagement rings, you want your wedding ring to match, or at least compliment its style. Some people opt to have their wedding ring made by the same jeweler who designed their engagement ring so that they are the same material and aesthetic. This is also a popular option for people who have uniquely shaped engagement rings, and who want their wedding band to fit within its curvesalso known as enhancers.

    How To Set A Budget For An Engagement Ring

    How Much To Spend On A Ring?

    Setting a budget for an engagement ring is similar to setting a budget for any major purchase you want to save for or finance.

    Follow these steps to figure out how much you can afford each month:

  • List your total income.
  • List your monthly debt payments.
  • From this information, you can figure out how much money you have to play with.

  • Total together your debt payments and expenses to figure out how much money you need to cover your lifestyle and financial obligations.
  • Subtract that total out from your income to find your disposable income amount.
  • Your disposable income is the money you have available to spend as you please. You could set some of it aside for a few months to save up for a ring purchase, or use it to determine how much you can borrow and pay back if you want to finance a ring.

    Dont forget about your debt-to-income ratio

    Also, consider your debt-to-income ratio . This is a number lenders look at when deciding to lend you money, like a mortgage, and they generally want to see a DTI of lower than 36%. If borrowing for a ring would put you over that threshold, be cautious.

    To find out your DTI, use MU30s Debt-To-Income Calculator.

    Recommended Reading: Where To Buy Wedding Photo Albums

    Wedding Planning Or Rings: Which Comes First

    Getting married is, by definition, an event celebrating two people at the altar but unfortunately, that can get pushed to the wayside when wedding planning gets complicated. Brides and grooms may both feel pressure to make families happy, shuffling table seatings to minimize potential personality clashes, deciding on the wedding party, and even choosing the right flowers for the reception. After weeks or even months of making choice after choice , its easy for decision fatigue to set in. This is a wedding expense in itself.

    Any wariness over planning your big day might even push you towards an easy, generic wedding band that isnt so much a personal reminder of affection as a way to avoid making yet another decision about the wedding. In addition to this potential issue, your budget may have already been heavily diminished by deposits with caterers, photographers, and other wedding vendors in order to hold your place.

    What To Do Before You Buy An Engagement Ring

    Until I got deep in the process, I didnt truly understand the sales mechanisms that the industry has created to encourage you to spend more. These include creating their own rating system , creating their own governing body , and even their own set of rituals and phrases .

    Wait a sec. Is this a religion? Or buying a commodity?

    As one friend told me, I didnt know what I was doing, but I knew I was doing it wrong.

    I realized that 80% of the work is done before you set foot in a jewelry shop. If you just walk in and say, Uhh, Im not sure what do you recommend? then youre going to get taken for a ride and end up being one of those guys who gets bitter about the process. Average process, average results.

    But if you arm yourself with information, this can actually be fun.

    I went a little crazy and mapped out the entire process. Hey, what can I say? I love systems.

    The map looked like this:

    There are lots of sub-steps beneath each step. But remember the big insight that 80% of the work is done before you ever set foot in the room? You can see it in the outline: Most of the work 80% is done before you ever get to the Buy ring step. Get these early steps right, and the rest is just details.

    Read Also: When To Register For Wedding

    If My Budget Is Limitedhow Much Should I Spend On A Wedding Band

    If you want a fancy wedding band, but cant afford one, start with a cheaper ring for the ceremony itself and save the more expensive option for an anniversary present down the road. This is a great way to ensure you dont go over your wedding budget and it also helps with a built in gift idea for later.

    How Much Money Should You Spend On A Wedding Ring

    How much do you spend on an engagement ring?

    How much to spend on an engagement ring or wedding ring is a personal decision and should reflect your values. It is good to consider the average engagement ring cost. Traditionally, engagement ring cost is three months salary, but that figure has come down significantly in recent years.

    Ultimately, the best way to know how much to spend on a wedding ring or engagement ring is to know your ring budget. There is no reason to go into debt when there are size, style, and complexity options to suit everyones ring budget.

    Don’t Miss: A Line Beaded Wedding Dress

    Find Your Own Rules Instead

    The best way to make sure you’re both happy is to have an honest conversation about expectations and finances. If you’re going to share a life together, you really should be on the same page about things like this.

    You should have an honest chat about where you are financially and what your goals for the future are. For instance, do you want to save money for a down payment or pay off student loans? Then you can figure out how the engagement ring fits in with those goals.

    For example, let’s say you already have $1,000 and you can save a couple hundred dollars a month. That means that after 5 months of savings, you’ll be able to afford a $2,000 ring. Once you have a number in mind, you can work to find exactly the kind of ring she would like that fits within that budget.

    What are you budgeting for an engagement ring?

    Talking about the cost of the ring may not be romantic, but it’s important. Maybe she doesn’t even want a diamond. Maybe she’s frugal and appalled by the thought of spending more than $500 on a ring. Either way, you want to know.

    How To Buy An Affordable Wedding Ring

    If you want to make sure that you are buying a unique engagement ring that your partner loves, but without going beyond your financial means, it will take research, information, and dedication. Below, well go into detail on how to choose the perfect engagement ring and make sure you get the best price.

    Read Also: What To Add On A Wedding Registry

    The Problem With That

    For starters: Back in your grandfathers day, you could work a part-time job and still afford to pay rent on a one-bedroom New York City apartment college tuition cost 75 percent to 90 percent less than it does now at the best universities health-care costs were a fraction of what they are now and the biggest experiences you planned for as a couple were the reception and kids.

    In other words, the men who adopted and popularized the two-month-salary rule had fewer expenses and different priorities.

    And did you know who started the whole thing? The advertising agency of the company who sold the most diamonds in the 1930s. To reboot its business during the Great Depression, the British diamond company De Beers popularized a one-month rule in an ad campaign. It was highly effective: Before the 1930s, only 10 percent of engagement rings contained diamonds by the end of the century, 80 percent did, and the one-month rule had grown to two or three. It was one of the most successful bits of marketing ever undertaken, T.C. Melewar, professor of marketing and strategy at Middlesex University, told the BBC.

    Latest Posts

    Popular Articles

    Stay in touch

    To be updated with all the latest news, offers and special announcements.