Author Topic: How much would you spend on a wedding ring?  (Read 2006 times)

Manchester

  • Stubble
  • **
  • Posts: 159
How much would you spend on a wedding ring?
« on: June 07, 2019, 06:03:51 AM »
Hi all,

Just looking for some advice. 

How much is an acceptable amount to spend on an engagement ring in your opinion?

I've read forums and the usual figures are between 1-3 months worth of pay.  This is UK based and I'm not sure what the culture is like in the USA concerning engagement rings?

1 month for me would be around £3k.  I was hoping to spend around £1k less than that.  But is that still too much?  What are your thoughts? 

Some info on me:

25 (soon to be 26) years old
Have a net worth of around £20k, with no 'bad' debt (only debt is in mortgage)
Me and SO co-own our house, we have around £60/70k of equity in it (but I don't include this in N/W)
We're both in reasonably high paying jobs, no kids or other responsibilities
We've each got an emergency fund of 6 months savings

Despite us both being in an 'ok' financial position (or a brilliant financial position compared to our friends), my Girlfriend isn't conservative with money like I am.  The idea that I've scrimped on her engagement ring would offend her. 

My plan would be to save the money to pay for the ring, over the course of 3/4 months.  Alternatively, I would buy the ring now with a deposit if they can offer 0% finance deals.  So the money wouldn't put me in a precarious situation, it's just the lots opportunity cost of investing the money properly.


Thoughts?

RWD

  • Magnum Stache
  • ******
  • Posts: 3184
  • Location: Mississippi
Re: How much would you spend on a wedding ring?
« Reply #1 on: June 07, 2019, 06:27:23 AM »
The amount you spend should be decoupled from your income. The 1-3 months pay metric is silly. The amount you spend should essentially be a rounding error in your finances (i.e. you don't need to save up for it over months). £1k is probably on the high end, in my opinion. You can save a lot by avoiding the ethical minefield that is diamonds.

If your girlfriend is offended by the amount you spend then that is a bad sign for financial compatibility. My dad bought used rings for my mom (made for a better story than just going to the jewelry store, at least). Maybe try to frame it as not succumbing to the marketing and consumerism instead of trying to be cheap?

Home Stretch

  • Stubble
  • **
  • Posts: 132
  • Age: 31
Re: How much would you spend on a wedding ring?
« Reply #2 on: June 07, 2019, 06:41:16 AM »
FACEPUNCH!

You do not NEED to spend anything close to "months" of salary on an engagement ring. The "how many months" thing was INVENTED by DeBeers as a MARKETING strategy for engagement rings.

Sorry, this topic just gets me fired up! My girlfriend (at the time - now my wife) was already on the same page in regards to anti-consumerism before we got engaged, so when I proposed with a beautiful but not expensive ring, she was still ecstatic.

Go buy something that is the style she wants, but search far and wide to avoid bullshit diamonds. Other gems are actually gaining traction and personally I think they're more interesting, and you can get a really nice gold ring with a non-diamond gem for a couple hundred pounds.

Don't fall for the DeBeers marketing bullshit!

nereo

  • Senior Mustachian
  • ********
  • Posts: 10223
  • Location: la belle province
    • Here's how you can support science today:
Re: How much would you spend on a wedding ring?
« Reply #3 on: June 07, 2019, 07:00:48 AM »
The amount you spend should be decoupled from your income.
^Absolutely. 
Look, you (hopefully) know your significant other much better than anyone else, and certainly better than a bunch of strangers on the internet.  But there's no reason why the commitment to your future spouse should somehow be coupled to how much you are willing and able to spend on a piece of jewelry.  Your willingness to marry them is your commitment, coupled with countless daily deeds over the course of your entire relationship.

Hopefully your significant other does not have their heart set on a large diamond solitaire.  If they do, I can't say I really blame them as we've been bombarded by craptastic marketing for decades which  (like it or not) has shaped what we desire. I agree that avoiding diamonds is step#1 in finding a ring that is meaningful, personal and budget friendly.  There are a LOT of stones out there which are sparkly and don't cost very much.  Artisan jewelers can craft a ring out of a variety of materials with designs and symbols which could be meaningful to you both for a few hundred £- which IMO is way more personable than a stock diamond ring bought from a retail display.

@lifejoy might have some good suggestions.

Mike in NH

  • 5 O'Clock Shadow
  • *
  • Posts: 46
  • Age: 38
  • Location: NH...Obviously
Re: How much would you spend on a wedding ring?
« Reply #4 on: June 07, 2019, 07:01:06 AM »
As a guy who has been on both ends of this ridiculous spectrum (when I was young and stupid I got my ex-fiance an engagement ring from Tiffany, 10 years later when I married my wife I got my wedding band from Amazon for $19.99 - how's that for a reformed consumer), don't fall for the marketing.

Plenty of other options, alternative gems, lab grown diamonds, any cool rings in her family or yours that have been handed down or are available to you?

At the end of the day, I would hope most of the people receiving engagement rings are simply wanting to feel special and loved. Something unique, which doesn't have to be expensive, and is accompanied with a memorable proposal that she can brag to all her friends about can accomplish that just fine. But if she thinks your love is measured in carats Kim K. style, you might want to start asking yourself some different questions.

Your homework is to read up on the history of black pearls. This is just one quick example I found but the story of the black pearl is a fascinating example of marketing, ingenuity, and human behavior: http://danariely.com/2010/12/10/black-pearls/

Imma

  • Handlebar Stache
  • *****
  • Posts: 1740
  • Location: Europe
Re: How much would you spend on a wedding ring?
« Reply #5 on: June 07, 2019, 07:03:54 AM »
First of all, what kind of jewelry does your girlfriend like/wear? I know more than one woman who deels obliged to wear a big rock everyday while they would have preferred a less flashy ring.

I also think it's silly to spend more than you'd like just because your income is higher. I get that she doesn't want to feel like you're being cheap in your choice of ring, but a nice ring that you picked for her and matches her taste should be enough. The price tag shouldn't matter.

Maybe I'm not the right person to ask because I accepted a proposal without a ring. You're getting wedding rings too (I assume) so I don't see the point of buying another ring just for the engagement period. It's not as common in here to get an engagement ring as it is seems to be in the US. I wouldn't have minded a <Ä500 engagement ring but anything over that amount, I'd have sent him back to the store to return it. Also, wearing diamonds during the day would be considered to be a fashion faux pas where I live (although this one wouldn't stop me if I wanted to wear something).

A very romantic way to save money might be buying a used ring and redesign it: the stone can be reused in a new ring (an antique stone in a custom designed ring! )  and the old ring could be sold for scrap. In my experience getting custom jewelry made isn't more expensive than buying a new ring in a fancy departement store and the markup for new rings is huge. The same diamond ring will sell for half as much when it's worn for a while.

Another idea could be to get a ring with one small stone with the plan to add more stones later on. I knew of a couple where the wife had a plain gold ring when they married because they couldn't afford much more, and then throughout their marriage they added stones to celebrate milestones like the birth of children and anniversaries. In that case a modest ring would be a symbol of the start of your life together and the ring would grow just like your marriage.

kristof

  • 5 O'Clock Shadow
  • *
  • Posts: 38
Re: How much would you spend on a wedding ring?
« Reply #6 on: June 07, 2019, 07:16:22 AM »
Would people like salted caramel flavored popcorn or will regular do? I promise I'll buy it in bulk at Costco of course...

On a more serious note... OP: you know how every online forum has those 2-3 topics that get brought up a couple times a year and trigger an endlessly repeating but oddly entertaining flamewar? Guess what... :)

https://forum.mrmoneymustache.com/ask-a-mustachian/best-websites-to-buy-engagement-ring
https://forum.mrmoneymustache.com/ask-a-mustachian/how-much-engagement-ring-(if-any)
https://forum.mrmoneymustache.com/ask-a-mustachian/engagement-rings
https://forum.mrmoneymustache.com/ask-a-mustachian/buying-an-engagement-ring
https://forum.mrmoneymustache.com/ask-a-mustachian/how-much-to-spend-on-an-engagement-ring
https://forum.mrmoneymustache.com/ask-a-mustachian/so-i-really-want-to-get-a-diamond-engagement-ring/

Good luck whatever you choose! :)

index

  • Bristles
  • ***
  • Posts: 295
Re: How much would you spend on a wedding ring?
« Reply #7 on: June 07, 2019, 07:23:27 AM »
Check out lab created diamonds. They are chemically identical to natural diamonds, have none of the ethical problems, and are more economical. You can buy just the setting, even a designer setting, by itself if you work with a local jeweler and have the lab created diamond set in it. With this method you could get a ring that would have cost 2 or 3 months of your salary for 1 months salary or less. If it is important to her, make it important to you and spend some money. I can think of a lot of other things that are a bigger waste of money than something that will be worn constantly for the next 50+ years...   

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 13346
  • Age: 38
  • Location: Toronto, Ontario, Canada
Re: How much would you spend on a wedding ring?
« Reply #8 on: June 07, 2019, 07:53:29 AM »
My wedding band is stainless steel and cost 30$.  My original plan was to buy a steel pipe from the hardware store and then just cut off a ring from that and grind the edges down, but it ended up not being much cheaper when I costed the whole thing out and I couldn't find a pipe that fit properly.

However, that was my wedding band.  I bought into the whole spend a bunch of money on an engagement ring bullshit and spent a lot on my wife's ring.  Years later we talked about it, and it turns out she likes the ring, but would have been just as happy with a much less expensive one.  So my advice is to discuss the matter with your wife to be in advance and see what she thinks.  Yeah, it's not out of the blue romantic and spontaneous like in a movie . . . but she's got to live with it so it's probably worth getting her opinion.

Buffalo Chip

  • Bristles
  • ***
  • Posts: 291
  • Location: Tidewater Virginia
  • Politics DESTROYS kindness, decency, and community
Re: How much would you spend on a wedding ring?
« Reply #9 on: June 07, 2019, 10:12:05 AM »
In answer to the OP.  Iím assuming fairly normal family relations and future spouse.

Your future wife is marrying into your family, and there is probably an old ring floating about in your family that has some emotional value. If you canít get one of those family rings or your future wife isnít interested, that should be a screaming klaxon to you about the likely future of the relationship.

utaca

  • 5 O'Clock Shadow
  • *
  • Posts: 8
Re: How much would you spend on a wedding ring?
« Reply #10 on: June 07, 2019, 11:09:42 AM »
I agree with other commentors that it is best if you and your spouse are on the same page financially, and weddings are a big test in this regard. I just would not feel comfortable with an expectation that I would be required to drop X-months salary on a ring - or anything else really - as a symbol of affection.

In terms of rings, you might want to check out custom jewellery makers. You can find them online (for example Etsy) or at local craft markets. My wife's small diamond ring cost just over $1000 CAD, and is simple but elegant. I remember a couple years ago my colleague who wears a giant diamond rock that would have cost tens of thousands of dollars complimented my wife's ring at a work function. Afterwards, we had a bit of a chuckle.

As for myself, I wear a titanium wedding band purchased from Amazon for about $20 CAD. It's actually my second such ring - I lost the first one somehow, which sucked in terms of sentimental value but was a complete non-issue financially.

Lady SA

  • Bristles
  • ***
  • Posts: 454
  • Age: 27
  • Location: Midwest
Re: How much would you spend on a wedding ring?
« Reply #11 on: June 07, 2019, 01:24:15 PM »
Radical suggestion: don't make the ring a surprise. Make the proposal a surprise, but not the ring. Bring your girlfriend along as you do research and have her give you ideas on the setting/size/gem type. (If you happen to find similar items for cheaper, she doesn't need to know! For example, if she is set on a diamond, there are "qualities" that they measure that are invisible, like fluorescence. Ones with higher fluorescence are cheaper, even though they look identical except under ultraviolet light. She doesn't need to see the exact stone specs! I have no idea what the specs are of my diamond except that it is highly fluorescent because my DH proudly told me he got such a great deal on an amazing stone precisely because of this "defect").

You can tell her: "I want you to be happy when you look at this ring and feel how much I value and love you. So I want you to get what you want. With that said, the less we spend on it, that leaves a bit more leftover to spend on a great wedding party (or something else she would value). Some ideas I have to keep the cost down would be a lab-grown diamond -- I can get you something higher quality and its more ethical that way! Or I know your favorite color is red. I could get you a gorgeous ruby and your ring would be really unique and personal. What do you think?"

The trick is to "pitch" your ideas in a way that appeals to her. If she isn't as focused on saving money, then you telling her this will save money may not go over well as she might read it as you don't value her. If instead you show her how these slight changes could benefit her in ways she likes, she would be more likely to eagerly get on board. And both of you get to be happy that way!


My engagement ring was about $1000 USD. My wedding ring, about $150 (it is a plain silver band). My DH's wedding ring we splurged on, that was about $500.

Cranky

  • Handlebar Stache
  • *****
  • Posts: 1665
Re: How much would you spend on a wedding ring?
« Reply #12 on: June 07, 2019, 01:39:02 PM »
Me, personally? $0. I never had nor wanted an engagement ring, and I've been happily married for over 40 years. We did buy plain gold wedding bands, for the actual wedding, and that was far more important to me. They weren't terribly expensive.

I'm not a big fan of diamonds for a bunch of reasons, so if I did want a ring I'd look for something vintage.

tips^up

  • 5 O'Clock Shadow
  • *
  • Posts: 27
Re: How much would you spend on a wedding ring?
« Reply #13 on: June 07, 2019, 01:41:20 PM »
My wife's engagement ring is beautiful and we both love it.  Kind of similar to this (but better!):
https://johnatencio.com/engagement-ring/regalia-engagement-ring.html

I know nothing of jewelry, but luckily have a very talented friend that works for a local high-end jeweler ("The Symbol of the Vail Valley").  Based on his recommendations and extreme skill, we got hooked up with "pro-deal" on a certified Canadian diamond (not a blood diamond, allegedly).  My wife is humble and petite and her diamond matches.  Small (carat), but very highly rated for color, cut and clarity.  She's held it up side-by-side with friends' rings, that are much larger, and its almost embarrassing how much better hers looks.  Went with white gold, with lower amount of real gold and higher amount of metal, so its more durable.  She's a Colorado girl, so she wanted something low profile and durable.  The pressure setting suspends the diamond and light radiates and its sparkley.

$2500, plus made an extra $2500 mortgage payment.  She's a nerd, she ate it up.

Same friend made her wedding band, similar to this:
https://www.bluenile.com/pave-wedding-band-platinum_44687
Again, white gold, lots of teeny diamonds, she love it.  I think $900?

Her rings went a bit over our budget.  Mine?  $17 with free shipping.
https://www.amazon.com/gp/product/B000M9OAJ6/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1

tips^up

  • 5 O'Clock Shadow
  • *
  • Posts: 27
Re: How much would you spend on a wedding ring?
« Reply #14 on: June 07, 2019, 01:52:01 PM »
Or $1500 instead of $2500?  It's been 5 years and I don't even remember.

familyFIguy

  • 5 O'Clock Shadow
  • *
  • Posts: 20
Re: How much would you spend on a wedding ring?
« Reply #15 on: June 07, 2019, 02:12:09 PM »
I went to an antique store and bought my wife a $500 ring -- followed by a $90 band. Most unique around and really special.

Kris

  • Magnum Stache
  • ******
  • Posts: 4052
Re: How much would you spend on a wedding ring?
« Reply #16 on: June 07, 2019, 02:22:20 PM »
Wow.

If my husband had spent three months' salary on an engagement/wedding ring for me, I would have ripped him a new one. Holy crap.

nereo

  • Senior Mustachian
  • ********
  • Posts: 10223
  • Location: la belle province
    • Here's how you can support science today:
Re: How much would you spend on a wedding ring?
« Reply #17 on: June 07, 2019, 02:32:09 PM »
Wow.

If my husband had spent three months' salary on an engagement/wedding ring for me, I would have ripped him a new one. Holy crap.

We joke that her engagement ring was several month's salary -- the joke being that we were both graduate students at the time and my only "income" was a few hundred/month TAing.  But then I see working professionals earning six-figures who still follow this advice and I'm like "really?!"

six-car-habit

  • Stubble
  • **
  • Posts: 128
Re: How much would you spend on a wedding ring?
« Reply #18 on: June 07, 2019, 02:51:57 PM »
 Hmmmnn - First engagement ring i bought was about $800, had a sapphire as the main stone. She really liked it....until she found out it didn't come from a fancy jeweler  [ had to bring it back to get resized ] . We broke up eventually, she left the ring, i threw it into the garbage.  How's that for a waste of money ??

 2nd engagement/wedding ring - current wife's -  we discussed a budget of $2200.  I was making $$ with overtime then.  Somehow at the store it turned into ~$3500 with tax. We shopped for it together -{ but it came with a "lifetime replacement warranty", even if the stone fell out - but you had to bring it back to the store every 6 months or so for free cleaning , and to check the setting - i think it made the trip back once - hardi har har ! }

Wanted a white gold style, but the sales consultant said white gold would tarnish and "wear down' if she was digging into paperwork filing cabinets for work. So we got platinum instead. Its a nice looking ring. She wore it for about 2-3 years. Last i saw it, the ring was in a ceramic ramikin [ a small sauce bowl ] in a kitchen cabinet. I haven't seen it in about 6-7 years, although i'm pretty sure she has it - somewhere....

 Friend at work has a tattoo of a ring on his finger, it'll never get lost, unlike my $300 [?] ring, lost at work.

 How much do you think $4300 invested at 3% or 6% per year would be worth 12 years later ????   Should have just bought cheap metal or wood bands both times. By my figuring ' and rule of 72' the opportunity cost is nearly $6500-$9000 dollars.  Don't make the same mistake.

DeniseNJ

  • 5 O'Clock Shadow
  • *
  • Posts: 87
Re: How much would you spend on a wedding ring?
« Reply #19 on: June 07, 2019, 03:23:07 PM »
50 bucks.

v8rx7guy

  • Handlebar Stache
  • *****
  • Posts: 1239
  • Location: Bellingham, WA
Re: How much would you spend on a wedding ring?
« Reply #20 on: June 07, 2019, 03:29:54 PM »
$2,500-$3,000 including the wedding band.

use2betrix

  • Handlebar Stache
  • *****
  • Posts: 1624
Re: How much would you spend on a wedding ring?
« Reply #21 on: June 07, 2019, 03:44:08 PM »
My wife is 1000x more frugal than I am. She usually buys wal mart make up, wal mart shampoo, getís a single $20 haircut/yr, content with her 20 year old Camry, etc. All while I make $200k-$300k/year and we could easily afford much better.

That being said, I spent around $5500 on an absolutely beautiful 1 carat oval diamond with a halo of smaller diamonds around it. It is an absolutely beautiful ring, she loves it, and I enjoy looking at it. Weíve been married several years and she still comments how beautiful it is.

If I made a fraction of what I do (even though I made just over half when we got engaged) I would have likely not spent so much.

Wedding ring cost is a very personal opinion. People spend their money on very different things and justify it differently. Look at the ďhouse cleanersĒ thread in the general discussion section. I could not comprehend hiring a house cleaner, while others could not comprehend a $5k ring. To each their own.

Cranky

  • Handlebar Stache
  • *****
  • Posts: 1665
Re: How much would you spend on a wedding ring?
« Reply #22 on: June 07, 2019, 04:22:28 PM »
Actually my $0 nonexistent engagement ring was any number you likeís worth of income at the time, since we were both in college and our income was pretty much $0 anyway.

meghan88

  • Pencil Stache
  • ****
  • Posts: 679
  • Location: Ontario
Re: How much would you spend on a wedding ring?
« Reply #23 on: June 07, 2019, 06:35:06 PM »
As a guy who has been on both ends of this ridiculous spectrum (when I was young and stupid I got my ex-fiance an engagement ring from Tiffany, 10 years later when I married my wife I got my wedding band from Amazon for $19.99 - how's that for a reformed consumer), don't fall for the marketing.

Plenty of other options, alternative gems, lab grown diamonds, any cool rings in her family or yours that have been handed down or are available to you?

At the end of the day, I would hope most of the people receiving engagement rings are simply wanting to feel special and loved. Something unique, which doesn't have to be expensive, and is accompanied with a memorable proposal that she can brag to all her friends about can accomplish that just fine. But if she thinks your love is measured in carats Kim K. style, you might want to start asking yourself some different questions.

Your homework is to read up on the history of black pearls. This is just one quick example I found but the story of the black pearl is a fascinating example of marketing, ingenuity, and human behavior: http://danariely.com/2010/12/10/black-pearls/

Yep, plus what Kris and other posters said.  Maybe do some soul searching about values and compatibility.

Diamonds are a huge scam. Moreover, unless you are buying a "conflict-free" diamond (a dubious feel-good concept at best, because it ignores the environmental price that comes with mining the things) or a lab-made diamond, it will likely have come from a very unethical operation in a very conflicted part of the world.

Maybe explain to her that the cash could eventually purchase FI or (at least) a comfortable house?  The whole ring and wedding thing is not something that I could ever understand re. splashing out a whack of cash on.

For some more giggles, you might want to read up on "chocolate diamonds" and the marketing behind them.  Or read this:  https://www.huffpost.com/entry/diamonds-are-bullshit_b_3708562

mavendrill

  • 5 O'Clock Shadow
  • *
  • Posts: 51
  • Location: Columbia SC
Re: How much would you spend on a wedding ring?
« Reply #24 on: June 07, 2019, 09:42:42 PM »
It all depends on you both.
One thing is my wife and I got married in a church that had a formal spiel about rings, including that they were precious metal.  This made getting gold bands important to us.  We both like textures, and loved milgrains, so we chose basically this ring:
https://www.bluenile.com/milgrain-comfort-fit-ring-14k-white-gold-5mm_20380?elem=img&track=product&vtype=sample
We then went to a store and looked at thicknesses and sized our rings.  Then we called around to compare/get quotes and looked online as well.  I believe my ring was about $330, and hers was $200.

We were willing and in fact it was important to us to spend money on Gold, because of the precious metal bit.  I loved cobalt, and she'd loved titanium, and we could have had our rings for much cheaper, and been almost as happy if not for that bit.  I have no regrets, and most importantly, we could easily afford our rings.

1 months salary is insane - I can just think of so many better things to do with the money.

AccidentialMustache

  • Stubble
  • **
  • Posts: 173
Re: How much would you spend on a wedding ring?
« Reply #25 on: June 07, 2019, 11:11:43 PM »
Less than a month's salary at the time. Probably about a third of a month's actually. She would have been horrified at 3 months worth. Not that I got DW a ring and to be fair you don't have to get your SO one either. I think my DW expected to get a ring, but her reaction to a suggestion we go shopping was not positive ("you should know what I like!") and led me down a different path. Turns out it fits her far better than a ring ever would.

I'm being intentionally vague about "it" -- it should be durable, meaningful, and beautiful. Rings are essentially pieces of art that you have to wear around and try not to lose. Also they don't really resell that well, should things not work out, and there's that whole diamond problem as mentioned.

Broaden your art scope! Does she like stained glass? Is there a metalsmith who does work she likes? Pay a musician to write her a song? (okay, you can't resell that one either...) Mosaics (wall-art not floor)? Tapestry? Does she play music? Buy her a special instrument she'd never buy herself? Is she a gamer? Personalized wooden dice box/etc from one of the crazy "we realized gamers have money and will pay it for really top quality wooden stuff" outfits?

sparkytheop

  • Pencil Stache
  • ****
  • Posts: 775
Re: How much would you spend on a wedding ring?
« Reply #26 on: June 08, 2019, 12:08:14 AM »
My wedding band is stainless steel and cost 30$.  My original plan was to buy a steel pipe from the hardware store and then just cut off a ring from that and grind the edges down, but it ended up not being much cheaper when I costed the whole thing out and I couldn't find a pipe that fit properly.


An old coworker actually did something similar...  Got a stainless steel nut and asked one of the machinists to smooth out the inside.  Honestly, I don't think he even bought a new nut for it, just dug one up out of the garage.  I thought it looked really cool.

Hula Hoop

  • Handlebar Stache
  • *****
  • Posts: 1094
  • Location: Italy
Re: How much would you spend on a wedding ring?
« Reply #27 on: June 08, 2019, 01:24:54 AM »
We didn't do the engagement ring thing.  We just have matching gold wedding bands with an engraved message inside that we exchanged during the wedding ceremony.  Each ring cost a few hundred dollars.  We got married a long time before discovering MMM but we've both always been frugal by nature and the wedding industry made me really uneasy with all the pressure to spend. I figured I'd enjoy a nice vacation or part of down payment on a house a lot more than a shiny rock on my finger that I had to constantly worry about losing.  I'm also a feminist and don't see an engagement ring as aligned with my values (not criticizing those who do - this is just my personal view on engagement rings).

Anyway we had a tiny courthouse wedding, no wedding dress, no wedding party, no photographer, no engagement ring and very few gifts and we've been happily married now for 12 years with 2 beautiful children. 

Notch

  • 5 O'Clock Shadow
  • *
  • Posts: 89
  • Age: 29
  • Location: Australia
Re: How much would you spend on a wedding ring?
« Reply #28 on: June 08, 2019, 02:35:08 AM »
I bought an engagement ring last month.  Paid 300 AUD (~165 GBP) at an estate jeweller for a beautiful ring we both love.  0.3ct diamond in 18ct yellow gold and platinum setting.

I highly recommend you check out 2nd hand jewellers - they are so much better value than the normal jewellery stores.
« Last Edit: June 08, 2019, 02:40:50 AM by Notch »

Lanthiriel

  • Pencil Stache
  • ****
  • Posts: 787
  • Location: Portlandia
Re: How much would you spend on a wedding ring?
« Reply #29 on: June 08, 2019, 10:54:35 AM »
I got engaged young. My engagement ring was about $800 and my wedding band about $200. I wore the engagement ring all throughout our two year marriage, but we got a dog at the same time we got married and suddenly I was spending a lot of time out in the dirt at dog parks or hiking with our little guy and my pave setting was getting dirty. I bought myself a tungsten band and that was kind of the end of my wedding set. I wear it maybe a dozen times a year now for date nights or formal work parties. Otherwise I have a revolving cast of rings that I picked up over the years that serve in its place. Right now Iím wearing a sterling sliver Celtic knot ring that I picked up on our 10 year anniversary trip to Ireland for 30 Euro.

My point is, not every woman puts on an engagement ring and takes it off when she dies. Iíd be cranky if we had spent $5000 on something that hardly sees the light of day. Just something to factor into your decision making.

NinjaSalad

  • 5 O'Clock Shadow
  • *
  • Posts: 28
  • Location: Virginia
Re: How much would you spend on a wedding ring?
« Reply #30 on: June 10, 2019, 01:32:53 PM »
I never had an engagement ring and have never wanted one - for ethical reasons and I just don't like flashy jewelry.
My DH and I both wear silver wedding bands that cost $12.00 each. We also got married on the beach, had no photographer and I made my own wedding dress.

We are just 2 months shy of being married for 22 years and I can honestly say that an engagement ring would have been meaningless to me.

Fishindude

  • Handlebar Stache
  • *****
  • Posts: 2039
Re: How much would you spend on a wedding ring?
« Reply #31 on: June 10, 2019, 02:30:52 PM »
When we got married 36 years ago I think I was making $9 / hr and she was making $6 / hr.    Probably spend $200 on her ring and $100 on mine.  I haven't worn a ring for years, was always worried about getting my finger hung up working on something.    Later in life when we were much better off, I bought her an expensive ring, just because.

Those rules of thumb you hear are made up by jewelers and won't have any bearing on the success of the relationship.

Manchester

  • Stubble
  • **
  • Posts: 159
Re: How much would you spend on a wedding ring?
« Reply #32 on: June 17, 2019, 05:06:04 AM »
Hey everyone.  Sorry for the late response.  Thanks so much for everyone's feedback. 

I've been doing a lot of reading and didn't realise quite how bad the diamond market is.  Ethically, I wouldn't want to fund it.  The 'lab-made' diamond route seems a good option to me.  It's quite quirky as well and will add more character to the ring (as opposed to saying I picked it off a shelf in the shopping mall). 


Some really interesting stories from you all.  :)

Raenia

  • Pencil Stache
  • ****
  • Posts: 945
Re: How much would you spend on a wedding ring?
« Reply #33 on: June 20, 2019, 07:38:49 AM »
If she doesn't want a lab made diamond, consider going with a family heirloom or pawn shop find.  Can always reset the diamond if the setting is too old fashioned.

We spent $500 on my husband's wedding band, 0$ on my engagement ring, and 0$ on my wedding band (both heirlooms, one from my family and one from his.)

RetiredAt63

  • Senior Mustachian
  • ********
  • Posts: 10624
  • Location: Eastern Ontario, Canada
Re: How much would you spend on a wedding ring?
« Reply #34 on: June 20, 2019, 08:44:02 AM »
we got hooked up with "pro-deal" on a certified Canadian diamond (not a blood diamond, allegedly). 

@tips^up   Canadian diamonds are not "blood diamonds", please Google what the term means.   

As meghan88 pointed out further down, there is always an environmental cost to any kind of mining.

Bernard

  • 5 O'Clock Shadow
  • *
  • Posts: 49
Re: How much would you spend on a wedding ring?
« Reply #35 on: June 22, 2019, 11:41:55 AM »
I proposed in 2005, and I researched the subject thoroughly beforehand.

I learned that if I buy something slightly under 1 carat, the price is considerably lower. So I found a GIA certified 0.91-carat diamond ring and, if memory serves me, paid about $900 for it. It's just the right size, and I've never heard a negative word about it. Back in 2005, it took me about 2-1/2 days of work to pay for it.

Spending 3 months' worth of salary on a ring makes as much sense as buying a new Chrysler 300 on credit and then ordering a set of 26" dubs for your ride, all to impress your bride . . .
« Last Edit: June 22, 2019, 11:43:42 AM by Bernard »

Cassie

  • Walrus Stache
  • *******
  • Posts: 5469
Re: How much would you spend on a wedding ring?
« Reply #36 on: June 22, 2019, 01:02:40 PM »
Take her ring shopping and let her pick it out.  If she doesnít get what she wants and settles she will never be happy with the ring. Within reason of course.  You can buy a ring at a pawn shop and have the diamond taken out, the gold melted down and remade into any setting she would like.

mspym

  • Handlebar Stache
  • *****
  • Posts: 1745
  • Location: Downunder
Re: How much would you spend on a wedding ring?
« Reply #37 on: June 23, 2019, 02:45:03 AM »
We didn't go for an engagement ring but did splash out on our wedding rings - $5k for two mokune gane rings made by a local goldsmith. It makes me happy every time I look at my hand and doesn't have any stones to catch on anything.

MrThatsDifferent

  • Handlebar Stache
  • *****
  • Posts: 1421
Re: How much would you spend on a wedding ring?
« Reply #38 on: June 23, 2019, 04:23:14 AM »
The wedding ring, engagement ring thing is crazy. Iíd give yourself $2k to buy all the rings, the engagement, and both of your wedding bands. Find someone who does custom jewelry and make it unique and meaningful to both of you. Also, have a sense of what her style is. Or maybe ask her to give you 4 different ideas of what sheíd like and then you pick one and customize it. Donít get caught up in the 3 month salary, diamond bullshit. Iím hoping if youíre on MMM youíre better than that and youíve chosen a better partner than that.

Manchester

  • Stubble
  • **
  • Posts: 159
Re: How much would you spend on a wedding ring?
« Reply #39 on: June 23, 2019, 09:53:11 AM »
The wedding ring, engagement ring thing is crazy. Iíd give yourself $2k to buy all the rings, the engagement, and both of your wedding bands. Find someone who does custom jewelry and make it unique and meaningful to both of you. Also, have a sense of what her style is. Or maybe ask her to give you 4 different ideas of what sheíd like and then you pick one and customize it. Donít get caught up in the 3 month salary, diamond bullshit. Iím hoping if youíre on MMM youíre better than that and youíve chosen a better partner than that.

Thanks for the feedback.  I'd say that I am better than the 3 month salary commercialism, hence why I feel outraged at the thought of buying a ring for that amount.   

I don't know how this matches up with Mustachianism, I suppose it does to an extent.  I'd rather pay more for a lab-made diamond.  Having read into the working conditions, as well as the impact mining has on local eco-systems makes my blood boil.  I have a few ethical taxes like that (free range, fair trade, plastic free etc).  The bonus here is that I can buy a 'diamond' that's ethically MADE, looks the part, and costs a fraction of the price!  :)

meghan88

  • Pencil Stache
  • ****
  • Posts: 679
  • Location: Ontario
Re: How much would you spend on a wedding ring?
« Reply #40 on: June 23, 2019, 05:14:50 PM »
The wedding ring, engagement ring thing is crazy. Iíd give yourself $2k to buy all the rings, the engagement, and both of your wedding bands. Find someone who does custom jewelry and make it unique and meaningful to both of you. Also, have a sense of what her style is. Or maybe ask her to give you 4 different ideas of what sheíd like and then you pick one and customize it. Donít get caught up in the 3 month salary, diamond bullshit. Iím hoping if youíre on MMM youíre better than that and youíve chosen a better partner than that.

Thanks for the feedback.  I'd say that I am better than the 3 month salary commercialism, hence why I feel outraged at the thought of buying a ring for that amount.   

I don't know how this matches up with Mustachianism, I suppose it does to an extent.  I'd rather pay more for a lab-made diamond.  Having read into the working conditions, as well as the impact mining has on local eco-systems makes my blood boil.  I have a few ethical taxes like that (free range, fair trade, plastic free etc).  The bonus here is that I can buy a 'diamond' that's ethically MADE, looks the part, and costs a fraction of the price!  :)

Glad to hear that you are making an informed decision  :-)

Whatever you end up buying (and in case it matters), buying any kind of new jewelry is even worse than driving a new car off the lot:  it'll be worth about 50% less once purchased.

ender

  • Magnum Stache
  • ******
  • Posts: 4689
Re: How much would you spend on a wedding ring?
« Reply #41 on: June 23, 2019, 09:21:37 PM »
We bought a stone from https://www.moissaniteco.com/index.html

It was way cheaper. And they are basically flawless diamonds, so it looks beautiful.

Unless you get a giant stone no one will know the difference. And that's only a visible difference because moissanite is actually so much less flawed than most diamonds that size are (2 carat or more range).

Padrepapp

  • 5 O'Clock Shadow
  • *
  • Posts: 8
Re: How much would you spend on a wedding ring?
« Reply #42 on: Today at 03:40:12 AM »
I bought a handcrafted ring for around 350$.

https://shop.freywille.com/hu/classic-edition/jewellery-types/rings/ring-ultra-cm-412-2.html?___SID=U

For Weddings rings, we payed around 300$ for 2 custom hammered gold rings at a local jeweler.

What I wanted though was a 30$ Wolfram Ring form Amazon, but SO really didn't like it.

keepingfocus

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: How much would you spend on a wedding ring?
« Reply #43 on: Today at 04:01:45 PM »
We spent around £100 each on our wedding bands 21 years ago, and even that felt really extravagant.