How much to spend on an engagement ring?
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Anonymous
Pp hahaha I mistakenly wrote the above. His gross monthly salary is $38,000 now. |
Anonymous
| I’d buy a lab diamond, which are chemically, physically, and optically identical to natural diamonds. They said, lab diamonds are going to undermine the prestige historically associated with having a “big rock,” because when the masses buy a 2 - 3 ct high quality stone for $1,200 - $2,000, there is no longer anything special or unique about having one. The result will be that affluent buyers will begin to move away from diamonds to rarer and more unique gemstones. |
Anonymous
My $25k ring is now worth $50k so there’s that! |
Anonymous
| OP here. Thanks for all the info. I will look into the places mentioned here. |
Anonymous
lol no it is not |
Anonymous
lol nope diamonds need a buyer no buyer is paying $59 K for a used diamond that was once $25 K Diamonds are a terrible investor You’d have to be an idiot to buy a natural stone nowadays maybe at a used shop severely discounted |
Anonymous
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I spent about 5k on the engagement ring. It has held up well over the years.
Op - as a 7 figure earner (now many years later) I can tell you that spending big on an engagement ring is meaningless. If she loves you, she’ll love a cheap ring. |
Anonymous
| Costco is known for selling high quality eng. rings for better than jewelry store prices |
Anonymous
I think this is right. With lab diamond prices, mined diamond prices seem ridiculous. Especially now that big diamonds don’t even signal you paid a lot anymore. Everyone is getting a 2-3 carat ring just because they can |
Anonymous
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"The result will be that affluent buyers will begin to move away from diamonds to rarer and more unique gemstones."
Or...these gem consortiums will do what they usually do: Hoard a not-so-rare gem and proclaim that it has become rare and sell it to the suckers. Just like a lot of the art in galleries that get some obscene price tag, so it appeals to some daughter of an oligarch w/ no taste and lots of money. |
Anonymous
| Bigger is always better, no matter what the stone. I like thicker bands too--more gold. |
Anonymous
Ridiculous notion. Was that ever the normal? And if so for who? My engagement ring cost less than a months income and it is stunning. This pricing sounds like something the diamond industry came up w. Buy something you and you finance like and can afford. My income is approx $17k a month. 17x2 or $35k for a ring is cray cray! |
Anonymous
| Maybe it was normal for a different era of a large middle class without the income extremes you see these days. Yeah there are some real size queens out there but I see no reason to go larger than 1.5 ct. |
Anonymous
If things are good between you two, don’t get engaged. If it ain’t broke, don’t fix it. Don’t enter the prison system. |
Anonymous
No it isn’t, I promise you. |