Set a Budget Before You Shop

Set a Budget Before You Shop

engagementringbudgetDeciding how much to budget on your engagement ring can be a confusing issue. There are “rules” floating around that set the standard at 2-3 months of the prospective groom’s salary.  The interesting thing about this standard is that it came from the diamond industry itself. There are no actual “rules”. The only true guideline should be to get something beautiful that will serve as a lasting representation of your love and commitment, without putting a financial burden on you for years to come.

According to “The Knot”, the average amount spent on an engagement ring is slightly over $5100. Jewelry Industry surveys actually place the average in the $3000 range.  These numbers may seem shocking to some at first, but with the average wedding ranging from $14,000 in West Virginia to $57,000 in Manhattan, they are very reasonable for something that will last a lifetime.

Once you have a budget in mind that you are comfortable with you can begin your search. You can begin to formulate an idea of what you are shopping for by looking at our diamond reference page. No two diamonds are alike and there are many factors that can greatly impact the price within any size range.  Knowing specifically what these factors are and how they affect the prices comes with years of experience and study. We are happy to put our decades of experience to use and help you find the perfect ring in whatever budget that you choose.