Anonymous wrote:The general rule of thumb is 2-3 months salary
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No, the
marketing con job promoted by DeBeers was only 2 month's of salary (nice that a diamond mining company gets to decide how much of your salary you need to give them). The rest is just inflation creep, which is utterly insane.
but I've seen stories of men paying $ 75 - 100k for a ring. My girl deserves the best but has unique tastes. She prefers cushion or Asscher cut instead of princess or round. I can't afford to spend 75+ on a ring. I'm more in the $20 - 50k range.
This is also total stupidity all around. Please take a look at the poor schmoes on Craigslist trying to sell engagement rings. Please ask the jeweler how much of a refund you get if the ring needs to go back. You will be very very very very lucky to get 50% back.
Please have a look at this [url
http://www.huffingtonpost.ca/2014/10/10/big-engagement-rings-divorce-rates_n_5965234.html]story about a study linking a higher divorce rate to the higher ring price[/url]
I bought an extraordinarily nice diamond - used - from a woman on CL who was getting divorced after just two years. 1.2c stone I picked up for about 40% of what the same stone would have cost me new. I then had it set in a custom setting - not some mass produced "Jared" or "Zales" or "Kay" machine made ring - for under a couple of grand. Paid <$10k altogether for something that would have been >$20k if I'd listened to a jeweller. Honestly, I nearly talked to her about a moissanette or CZ. I would, at the very least, look into the option of "artisanal" custom jewelry and "used" stones.
that is, unless you just want to give a corporate chain store ten grand.