How Much Should I Spend on an Engagement Ring?

Traditionally, the rule of thumb is to spend somewhere between 1 months’ and 3 months’ salary on an engagement ring. As if picking out the perfect ring wasn’t stressful enough, now you have to worry about saving for months to afford the hefty price tag. Well we’re here to tell you that there are a new set of rules that apply today.

Feel free to break tradition because in today’s modern times, priorities change.  Even your fiancé might not want you to spend that much money on a ring.  The amount of money you spend should be a personal decision based on the importance of that ring to your fiancé.

Take into consideration the lifestyle of your partner.  Will this new piece of jewelry be worn every day? Or will it sit in a safe spot on your counter? Depending on your partner’s job, wearing a huge engagement ring every day might not be practical.

You’ll want to familiarize yourself with the 4 C’s, carat, clarity, color & cut. All these factors contribute to the final price of a diamond. The most important thing to remember is to give yourself time.  Do you remember how long it took you to find “The One”? Just like relationships, finding the perfect engagement ring will not happen in one day.

For assistance, advice, or to look at some wedding rings we have, visit Brag Jewelers at 333 Washington Street ,2nd Floor, Boston, MA 02108 or give us a call at 617-720-2724.