My Edwardian piece was appraised for insurance at 50K replacement value.
20 years later, as part of the asset valuation for the settlement agreement, a reputable jeweler offered 6K. As for the diamond tennis bracelet, he said keep it for fun, doesn't have much value except for the platinum setting.
I guess they are kind of like new cars - once off the lot their value drops precipitously.

Anonymous wrote:20k isnt a life changing amount if money. So spend it. I am worth 3 million. Glad DH bought a nice ring when we were poorer or I would be replacing it.

You measure your worth in a number? For whom and why? Money is just a portion.

Anonymous wrote:

Anonymous wrote:Stop telling people what you spent on things.

This and remember...

Money talks, wealth whispers.

And wisdom watches :^)

It’s fine if you have the money to buy it.

20k isnt a life changing amount if money. So spend it. I am worth 3 million. Glad DH bought a nice ring when we were poorer or I would be replacing it.

Anonymous wrote:What is wrong with a nice ring she will wear for possibly 60 years?

My ring is the only jewelery I wear and I spent on more foolish things. A 20k ring isn't much in the grand scheme of life.

Why is everyone acting like it's a big deal. I would rather buy cheaper cars.

I don’t understand why everyone is acting like it’s a big deal either. Some people I know don’t do engagement rings. Works for them and that is great! But many people I know do, and wedding bands, and push rings, and anniversary rings, celebration rings etc... etc... An engagement ring is really quite common place, although of course not necessary, and can be diamond, sapphire, ruby, or whatever your heart desires!

What is wrong with a nice ring she will wear for possibly 60 years?

My ring is the only jewelery I wear and I spent on more foolish things. A 20k ring isn't much in the grand scheme of life.

Why is everyone acting like it's a big deal. I would rather buy cheaper cars.

Anonymous wrote:OP here. I didn’t think I would get so many rude comments about my finances. I have a high income and no debt. The 20k wasn’t much for me. I had been putting away money for a couple of months for the ring. It’s a very high quality slightly bigger than 2 carat round diamond with a solitaire band.

Honestly OP it sounds like you have done a really lovely and thoughtful job with this ring. And like you said, you can afford it. I hope she says yes and that she loves the ring!

My DH spent about that much on mine. We have been married 18 years. 2 carat round solitaire with platinum band. I still love it but don’t wear it daily. It will be passed down to the next generation. I think it’s great, OP. Ignore the weirdness here.

Anonymous wrote:Stop telling people what you spent on things.

This and remember...

Money talks, wealth whispers.

Anonymous wrote:OP here. I didn’t think I would get so many rude comments about my finances. I have a high income and no debt. The 20k wasn’t much for me. I had been putting away money for a couple of months for the ring. It’s a very high quality slightly bigger than 2 carat round diamond with a solitaire band.

And it hasn’t changed your opinion, no more than your friends have, which is fine.

OP here. I didn’t think I would get so many rude comments about my finances. I have a high income and no debt. The 20k wasn’t much for me. I had been putting away money for a couple of months for the ring. It’s a very high quality slightly bigger than 2 carat round diamond with a solitaire band.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you have the money and you can comfortably afford it why do you care what others think? And why are you going around broadcasting what you spent? Sounds like a brag.

OP here. It wasn’t a brag. A friend is planning to propose soon an asked how much I spent and where I bought it. He told another friend and they both said I was crazy for spending that much on a ring.

It was a brag. You could have just told him where you bought it and that it was expensive. He doesn't need to know what you spent. You fiancee would be embarrassed by your boorish behavior.

OP here. He asked me and my other friend how much we spent on the engagement rings.

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.

Really? Most people still engagement rings. Maybe not 20k ones, but still.

It’s fine if you can really, truly afford it without sacrificing funds for other important things. If it *truly* won’t cause you any strain, then it’s not stupid.

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