20k engagement ring

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s not that much. I spent almost 25k on a 1.5 carat ring. It’s a round diamond with high quality. Ideal cut, E, IF, and no fluorescence. It’s on a solitaire band. It’s a nice size without it being too big. She loves it. I could afford it. I wouldn’t worry about what others think if you can afford it.

That is a nice ring. Sounds like it was worth the price.

Newsflash: no one gives a shit about your ring/your wife’s ring except you/your wife. It’s not an “investment” it’s just a way to spend money that is apparently burning a hole in your pocket.

[Anonymous]

Depends on your income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anecdotally, big rings seem to reflect one of these scenarios:

- GF demands material expensive possessions. Of my friends who got expensive rings because their GFs pushed for it, this ugly beast continued to rear its head through their marriage, with now-wife expecting cars, homes, vacations etc at the top of their budget. I've also seen it destroy marriages - and literally the first sign was an expensive ring.
- BF is financially OCD and controlling about family image. Extreme perfectionist who spends 1000s of hours researching the perfect ring, the perfect car, the perfect vacation. They have extremely rigid ideas about how to spend money and how to project to others their own perfection. This can also impact marriage down the road - his job is the family priority, he wants to project how financially awesome he's doing and puts tons of pressure on DW to quit and have more babies. I've seen this almost ruin a couple marriages.
- GF or BF is financially illiterate/irresponsible. And doesn't understand how this impacts lifetime savings. You say you have good savings/no debt. I find the typical 35 year old single guy who says that means they have a decent 6-figure income and $200k in savings and $200k in 401k. This doesn't mean you have "good savings" that you should spend on a ring. It means you have borderline appropriate savings for retirement or in case you lose a job or want to buy a house.

In my circle (professional grad school) most of the wives also make 6 figures. A ring may cost $20k but you’re also combining incomes / retirements / earning potential.

I'm the PP you're responding to, and me and DH both make a lot more than that. I'm not sure what your point is. Spending dumb money on a ring is still spending dumb money on a ring.

Responding to your last comment. You’re looking at it from a retirement perspective of $200k in 401k and $200k in savings for a single person - marrying someone making six figures with their own healthy retirement accounts means $20k isn’t that big of a dent in the long run. I highly doubt you and your DH both make a lot more than 6 figures and only know people who fit into one of the three above scenario.

[Anonymous]

OP I think you shouldn't share these personal things with friends. It will bite you in the bum.

[Anonymous]

Honestly around here 20k is not all that much for an engagement ribg. Esp if this is your first wedding.

[Anonymous]

2 YEAR OLD THREAD.

NO NEED TO ENGAGE

[Anonymous]

In all honesty, I think that the people who respond with that's too much are jealous. If you can afford it, go for it.

[Anonymous]

Anonymous wrote:Make sure you get insurance on it before you give it to her.

+1 And understand that it's like a car. The minute you signed the credit card slip it lost value, no matter what the sales guy and insurance broker say. Congrats though, genuinely, just be sure it's insured ASAP, humans are klutzy, forgetful creatures.

[Anonymous]

2 YEAR OLD THREAD.

NO NEED TO ENGAGE

[Anonymous]

Mine was 15k in 2009. It is fine. Divorced though

[Anonymous]

Anonymous wrote:2 YEAR OLD THREAD.

NO NEED TO ENGAGE

So what? The thread is still relevant to people: this is not in a 24-he news cycle. People still deal with this 2+ years after the post

[Anonymous]

Anonymous wrote:First I want to say that you all should do you.
2nd, how did two people, who think engagement rings costing $20k are ok, get together. I don't even know two people who would buy an engagement ring in 2020s. It's so 80s and 90s.
It's like all those grandmas with their jewelry. What a waste.

I know a couple who were engaged last week. She's wearing a sparkly diamond ring.

[Anonymous]

Anonymous wrote:I bought my girlfriend a 20k ring to propose to her in a couple of months. It’s amazing quality and she will love it. I had the money and the expense wasn’t an issue. Some people are telling me how dumb I am for spending that much on a ring. Is that extravagant or a reasonable price for a ring?

debeers really got ya
2 month rule?

isnt there a correlation, the bigger the rock

you seem a little insecure

[Anonymous]

I think if your fiancee likes jewelry she will be thrilled. It's lovely that you got her a very nice ring! I love my 2 caret engagement ring!

[Anonymous]

As long as you're not doing this instead of paying off massive student loans, etc...

Also: https://www.youtube.com/watch?v=ppeWkO_8uQ8