Test 20

Test 19

Test 18

Test 17

Test 16

Test 15

Test 14

Test 13

Test 12

Test 11

Test 10

Test 9

Test 8

Test 7

Test 6

Test 5

Test 4

How Much to Spend on Your Engagement Ring

When choosing an engagement ring, budget is usually top of mind. Here are some tips on understanding how much
to spend to get what you want:

Setting boundaries

  • Understanding your partner's ring expectations

It’s difficult if not impossible to figure out how much to spend, when you have no idea about what kind of ring your partner wants. So, your first step is to identify what that dream ring looks like. For example, is it minimal and modern, or ornate with detail in every nook? Or perhaps your partner is into super unique, or art deco, or nature inspired designs? Hopefully, your partner has an Instagram or Pinterest account that may give you insight into his/her aesthetics. If so, take note of the color of the metal, approximate size and shape of the center stone, proportions, and any special element that stands out to you.

But what if your partner has never talked about rings, nor do you have anyone close to your partner to give you feedback? Your best bet then is probably to do some shopping together, and have your partner try on different styles, metal color, center stone sizes and shape. Our engagement ring styles & settings guide is also a good starting point.

Establish a ballpark estimate of the ring's costs

Now that you have an idea of what your partner wants, it is time to figure out how much that ring will cost. While the center stone will be the biggest factor in the ring’s cost, a complicated design or setting, and additional stones will also factor into the cost.

Browse around online and see what a comparably sized and style of ring costs. If it’s difficult to find a similar ring online to compare costs, we suggest you discuss the cost with a jeweler that you like and trust, and then ask them to give you a quote on the intel that you’ve gathered from step one. Now repeat this process with a few other designers so that you have an idea for market pricing. Just one side note about finding a jeweler: make sure that your designer’s style is in line with what you are seeking. Browse their website to get a sense for what they’ve done in the past, and if their past work is not in line with what you want, you may not end up with the result that you seek even if this jeweler is amazing in every way.

  • How much are you comfortable spending?

This is a truly personal question, for which there is no one-size-fits-all answer. Our humble advice is to spend within your means, don’t go into debt, and decide on a dollar amount that you would be happy spending. However, everyone has different factors to consider, such as existing debt, other large upcoming financial purchases (such as a house or car), potential for income growth and job stability, and so on. If the ring is not a surprise, we suggest talking with your partner to determine what is the most important aspect of the ring that he or she wants and what her expectations are.

If your budget is over what you need to spend - congratulations! You can put the rest towards a new vacation. If this isn’t the case, then work with your jeweler to see how your cost can be lowered.

Understanding a ring's cost

Typically a ring’s cost is made up of:

Here are breakdowns of different, 1 carat ring styles:

A) The center stone
B) The setting, and
C) Any side or accent stones (if any).

Example: Halo style ring (sample prices only)

Cost of 1 carat round natural diamond: $5,500
Cost of setting including side stones: $2,400

For a 1 carat solitaire (single stone) ring, typically, the center stone makes up about 85% of the cost, with the rest going to the setting. For a halo style ring, the center stone may make up about 70% of the cost, and the setting about 30% of the cost, and additional stones - depending on the size and shape, about $20 to several hundred dollars per setting.

Example: Solitaire ring (sample prices only)

Cost of 1 carat round natural diamond: $5,500
Cost of setting: $1,200

Test 2

Test 1