how much was your engagement ring?

[Anonymous]

Anonymous wrote:40-50k

Why? Are you serious? Why? Why not take a trip around the world?

[Anonymous]

Family old mine diamond about 5 carat center stone. It's ostentatious and I love it. My oldest daughter will get it when she gets married (my mom's family passes jewelry down though the daughter).

[Anonymous]

Anonymous wrote:

Anonymous wrote:$14,000. He paid cash.

We both owned houses, so I think the "should have been used as a down payment" argument is the stupidest thing I've ever heard. What would we have done with a third? Stop with the stupid assumptions.

Do you think that most couples getting married own two homes already?

Depends how old the couple is.

[Anonymous]

Don't like big diamonds and don't like the symbolism of engagement rings. Made it clear to DH when we were dating that I DID NOT WANT an engagement ring and he honored my wishes.

I got a very nice wedding band with some small diamonds, and another band five years later by the same jeweler. Very happy with that arrangement. Total cost of both rings was about $5K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$14,000. He paid cash.

We both owned houses, so I think the "should have been used as a down payment" argument is the stupidest thing I've ever heard. What would we have done with a third? Stop with the stupid assumptions.

Do you think that most couples getting married own two homes already?

Depends how old the couple is.

I don't really care if most couples own two homes or not. We did, so telling us we wasted money that could have been used on a down payment is snobby and unnecessary.

[Anonymous]

Anonymous wrote:$14,000. He paid cash.

We both owned houses, so I think the "should have been used as a down payment" argument is the stupidest thing I've ever heard. What would we have done with a third? Stop with the stupid assumptions.

I'm a PP who already had a house (and so did she) and honestly, I think the money for an expensive ring is sort of stupid. Even if you don't need a down payment, the depreciation on a new ring is instant and very very hefty. Diamonds are not scarce; the appraisals are for "replacement cost" - ie, what you would have to pay to get a new one in the artificial market. I bought my used diamond (already in a setting which I tossed) for 40% of what the same diamond alone new would have cost - from a divorced woman on CL.

These things are worth only the display and sentimental value - ostentatious, conspicuous consumption; they are in no way any kind of "investment". Anyone who still believes in their "value" should try to sell one in the secondary market. Pure marketing garbage.

[Anonymous]

Anonymous wrote:7000 - .5 carat tiffanys. All the money my dh had in the world and then some.

I would never "upgrade." That being said, if he had skipped the diamond and we had just done bands, that would have been fine with me too.

Me, too. .5 from Tiffanys and same feeling about just bands. But he really wanted to give me an engagement ring, so I went with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:40-50k

Why? Are you serious? Why? Why not take a trip around the world?

Because we have much more to do that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:40-50k

Why? Are you serious? Why? Why not take a trip around the world?

Because we have much more to do that.

Great. Another woman who knows the price of everything but the value of nothing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$14,000. He paid cash.

We both owned houses, so I think the "should have been used as a down payment" argument is the stupidest thing I've ever heard. What would we have done with a third? Stop with the stupid assumptions.

I'm a PP who already had a house (and so did she) and honestly, I think the money for an expensive ring is sort of stupid. Even if you don't need a down payment, the depreciation on a new ring is instant and very very hefty. Diamonds are not scarce; the appraisals are for "replacement cost" - ie, what you would have to pay to get a new one in the artificial market. I bought my used diamond (already in a setting which I tossed) for 40% of what the same diamond alone new would have cost - from a divorced woman on CL.

These things are worth only the display and sentimental value - ostentatious, conspicuous consumption; they are in no way any kind of "investment". Anyone who still believes in their "value" should try to sell one in the secondary market. Pure marketing garbage.

Maybe. But you didn't explain why the down payment response is actually a good one.

[Anonymous]

Bought about 20 years ago and it was roughly $35k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1 carat diamond, 1996. 3k?

I didn't buy it, so...

Yeah, I was just wondering this. How do so many of you know how much it cost? I have no clue!

You didn't see the receipt when you took it in for an independent appraisal? Mmmmm-kay.

You took your loved one's present for an appraisal? Mmmmm-kay.

uhh it's called insurance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:40-50k

Why? Are you serious? Why? Why not take a trip around the world?

if you have the money to do both, why not?

[Anonymous]

Anonymous wrote:

Anonymous wrote:40-50k

Why? Are you serious? Why? Why not take a trip around the world?

This is my post quoted
I know it may be hard to understand, and not in a snarky way, but we have the money to do both, and more, so it's not a limiting purchase or choice.
I value having a beautiful and timeless piece of jewelry I can pass down, like jewelry I have been given that means a lot to me.
It's not a car that will depreciate and break down, it's not a kitchen Reno that will be dated in 50 years, it's a beautiful ring.

[Anonymous]

1,200