- What is considered to be the right price for an engagement ring?
- How much should my diamond ring cost according to research?
- What other things are important when choosing the perfect ring?
Ready to get married? Then you are sure to be looking for the perfect engagement ring. The tradition of a diamond ring for the engagement stems centuries ago, and you naturally want to honour that tradition. However, research shows that not just any ring will suffice. How much should my engagement ring cost? What else should I pay attention to?
What is considered to be the right price for an engagement ring?
Because of the De Beers' campaign at the beginning of the last century, the right price for a diamond engagement ring is considered to be roughly 3 months' wages. However, that is a difficult amount to aim for. Not only does the monthly wage vary, it is important to prioritize the quality and beauty of the ring. In other words: it is difficult to recommend a fixed price.
Even so, some researchers made an attempt. Their findings did not reveal how many monthly wages you should spend, but at which amounts the most divorces occur.
How much should my diamond ring cost according to research?
Research at the Emory University in Atlanta revealed that certain target prices for engagement rings are quite important. It turned out that most divorces occur with engagement rings under € 400. These figures, in turn, dropped with rings of more than € 7,000. Why was that? The cost of the cheaper ring, reflects financial difficulties in the relationship and usually the marriage that follows as well.
What is the most important conclusion from that research?
The most important conclusion from the research is that it is not the price that is most important, but that it is a ring that you can actually afford. However, the ring must also carry a certain value that symbolizes your relationship. An engagement ring of € 400 can show little devotion and can imply stinginess.
What if I have a higher budget? Then you can easily opt for a ring of more than € 7000 without putting financial pressure on your relationship.
What other things are important when choosing the right ring?
Of course, choosing the perfect ring is much more than just paying the right price. Personal taste in particular is very important for jewellery that she will wear the rest of her life. Therefore, make sure that you search within your budget for a ring that suits her completely, and that can be easily combined with her other jewellery. You can look in her jewellery box for this.
Which ring should I choose for my proposal? Where can I find a high-quality ring that fits my budget? Ask the BAUNAT diamond experts for advice, with no obligation to purchase.