How Much to Spend On An Engagement Ring

How Much to Spend On An Engagement Ring: A Guide for Nervous Boyfriends

If you’re wondering how much to spend on an engagement ring, we want you to know this: You’re not alone. As a jewelry store, we see many couples and nervous boyfriends walk in to look over our selection of rings. That’s when the questions start. 

What style should I get? Is it big enough? Sparkly enough? Is she going to say yes? Of all the unknowns that come with proposing, there’s one thing that can be made simple: how much to spend on an engagement ring.

Like everything else, knowing how much you want to spend before you begin shopping makes the whole process easier and relieves just a little bit of stress. This is the moment she’s been waiting for, and you don’t want to get bogged down by the little things. It is no exaggeration that the engagement ring is the beginning of the rest of your lives, so it’s important to find the perfect balance between practical and an investment in your lives together. At Sethi’s Fine Jewelry, we want to make sure you have all the information because your happiness is our priority.

What is Everyone Else Spending?

On average, Americans spend between $3,500 and $5,000 on engagement rings. This fluctuates greatly, depending on income and a wide variety of other factors. How can someone spend that much on one ring? It’s just a rock, right? 

The perfect engagement ring is a symbol of the promise you’re making. It’s a commitment to a new life together, so it shouldn’t be something you skimp on.

How much is too much?

The “rule of thumb” you’ll find anywhere is that you should spend no less than two months’ salary. This may not be the right answer for you though. This became popular before debt began to rise: before a global pandemic, a drastic increase in college tuition, and ever-rising living expenses. Many people can’t afford to give up two months’ salary, so don’t sweat it if this includes you. No one wants to regret a purchase, especially not one that’s supposed to be a happy investment.

If you need to reign the budget in, consider resetting another ring! Is there a priceless family heirloom that’s finally made its way to you? Bring it in to Sethi’s to have the perfect diamond fitted to a timeless piece, the perfect blend of a new life and a strong foundation. This is a great way to reduce your budget.  

But Really, How Much Should I Spend on This Engagement Ring?

Like your future bride, every ring is different and unique in its own way: there is no wrong choice. If you’re still not sure how much to spend on an engagement ring, let us help you out. 

At Sethi’s, we offer a wide array of prices and sizes, and we guarantee you’ll find the perfect ring at a price that keeps you happy and a style that leaves her breathless. Stop by to speak with our expert associates and let us help you find the perfect ring.