How Much Should I Spend On an Engagement Ring or Wedding Ring?

How much to spend on an engagment ring?

Have a Budget and Stick to It

The surest way to keep yourself out of trouble when shopping for an engagement ring is to establish a budget before you see a jeweller. But how much are you meant to spend on an engagement ring? This value has varied since the 1940s from three week’s salary to three month’s salary, or even more! But in this day and age, the most important thing is not how much you spend, but how much meaning you place in your choice of a ring. Yes, your partner will love a ring with some thought put into it, rather than a big mindless rock that puts you so far in debt that it’s beans on toast for both of you until the wedding.

Don’t be afraid to tell the jeweller your budget, even if it is humble. The jeweller will show you a range of rings that fit your budget. Better yet, visit a custom jeweller like K. Amani Fine Jeweller, and we will work with you to ensure you get the best quality stones and design to match your budget.

We realize most marriages start out when both partners are young and financially restricted. Save as much money now, and if in a few years when your budget is larger, you can always come back to upgrade your diamonds or get a nice anniversary present.

Saving for Your Wedding Rings

Your wedding date is quickly approaching, and the question becomes how should you budget for your wedding rings? Bear in mind that a wedding ring to match an engagement ring can either be a plain band, or its design can be influenced by the engagement ring. Either way, a jeweller will need time to work directly from your ring to get a perfect fit. We at K. Amani Fine Jeweller are experts at doing this, and we offer a 20% discount whenever you get your engagement and wedding ring made with us, or when you get both of your wedding rings made with us.

Men’s wedding rings can sometimes be more straightforward (although we’ve met our share of picky guys out there). Most men want a wedding ring that they won’t damage. Many guys have heard that tungsten and titanium rings are very durable and scratch-resistant, which is true. However, they are so durable that in a medical situation where a doctor might have to remove the ring, the doctor’s tools won’t be able to cut through the ring. In a life or death case, they will remove the finger instead. Shocking, we know, and it’s really not worth the risk.

Instead, we recommend 9-karat gold, which is very durable (and won’t cause finger loss). We’ve only had great feedback about 9K gold from our hard-working male clients, so we know it’s a winner.

Your budget for wedding rings will depend on a number of factors, but in general keep at least $1,000-$3,000 set aside for the rings. And don’t wait until the last minute to get your rings made – the rings should be one of your first priorities. After all, the rings are something you will wear for the rest of your lives, so make sure to give the rings the time and consideration they deserve!

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