How much did you spend on your engagement ring?
- Thread starter Levo
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I love your cartier love! And your blog!!
I love it when someone else takes the biggest hit!
We purchased my Tiffany ring second hand. I've bought somethings new but have started to follow auctions more and more. Just got a good deal on a lovely Dior ring that I had my eye on for sometime.
I'll admit I read only a little bit, but the fact that they are saying when you leave it loses 50% of its value is ridiculous. It 100% depends where you purchase. My jeweler will take the ring back at any time and give you what you paid for it or what it's worth (which ever is more). So in a way it can actually be a way of saving for later. It's generally not at all, because I would never take a ring back, but I would also not start a marriage with a ring we could not afford, and if we were in a position down the line where we needed money, I would 100% take it back for the money. I would never take it back for a car or something like that, but if something major came up, I think a lot of people would.
Rant over
OP, if you can afford a place to live, food, a wedding, whatever you need to pay for and this ring will not effect your lifestyle than go for it. If it does then I'd definitely reconsider.
Does your jeweler give you cash back or the cash value of the ring towards a new purchase? Cash value towards a new ring is totally different than cash back. I'm shocked that your jeweler has a cash back whenever policy - I've never, ever heard of it. Frankly, if they can afford to do that it is probably because they have a nice markup built in.
I agree with most posters that we lack sufficient information about your and future finance's financial situation. If you have 6 months of living expenses, then I think it's fine. I also personally think that the idea of upgrading is also a waste of money (not to say that one should not do it) because what would you then do with that ring? Unless it's a Tiffany where you can trade it in (or similar situation), you basically lose most of the value of the original ring as well.
I got engaged at 25 in 2008; I think the total cost of the E-ring was around $15k. But we also had over six futures in savings. Most of my friends getting engaged at that time also had the same price range, I still love my ring, and doubt that I will upgrade. I am a bit of a romantic and love the ring that he picked by himself to ask me to start our lives together.
Good luck OP; the biggest prize is your future husband, not your e-ring.
I got engaged at 25 in 2008; I think the total cost of the E-ring was around $15k. But we also had over six futures in savings. Most of my friends getting engaged at that time also had the same price range, I still love my ring, and doubt that I will upgrade. I am a bit of a romantic and love the ring that he picked by himself to ask me to start our lives together.
Good luck OP; the biggest prize is your future husband, not your e-ring.
Mine was about $12,500 I believe. In retrospect, we could and probably should have spent less. It was a bit of an impetuous purchase -- honestly, with the benefit of 9 years of hindsight, I think I would get something more discreet if I had it to do over. Not to save the money, but because I think something smaller would have actually fit my style better. For everyday wear, I often just wear my wedding band (diamond band), stacked with another band my husband bought me a few years after we were married.
I have always bought estate jewelry and I love it!
With the recent high prices of gold, at a reputable jeweler there are some real bargains to be had!
Recently replaced my original wedding set with something more discreet and purchased a few more items besides. No regrets.
With the recent high prices of gold, at a reputable jeweler there are some real bargains to be had!
Recently replaced my original wedding set with something more discreet and purchased a few more items besides. No regrets.
My original engagement ring (1978) was $460.00 (1/2 carat oval). My 35 year anniversary upgrade was nearly $30000.00 (2 ct. with french sides.) After 35 years why not?
I'm not engaged yet, but my darling BF has taken me ring shopping.
We were looking at rings in the 60k - 80k range.
He's a banker with a six figure income and has four investment properties.. To be honest I'm not sure how much he has in personal savings but he seemed comfortable with the price tag?
Whilst I understand the logic in what previous posters have said in relation to income and savings, I believe it's all up to personal preference. The ring would fit my lifestyle and wouldn't send him broke; so for us it's perfectly fine. 😊
We were looking at rings in the 60k - 80k range.
He's a banker with a six figure income and has four investment properties.. To be honest I'm not sure how much he has in personal savings but he seemed comfortable with the price tag?
Whilst I understand the logic in what previous posters have said in relation to income and savings, I believe it's all up to personal preference. The ring would fit my lifestyle and wouldn't send him broke; so for us it's perfectly fine. 😊
I honestly can't even being to imagine what a 60-80K ring would look like. My BFF's was 13K and it's ginormous!
I actually got a second ring with a similar style and am not sure which one looks best. I could always change the clear one to a yellow diamond too. Any opinions on the settings?
I think the yellow one is the best because of its setting and square shape.It also suits your finger very much.