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The Cost of an Engagement Ring

Updated on March 16, 2010

The proposed cost of an engagement ring vary greatly from person to person. DeBeers launched a campaign that two to three months wages should be spent on the ring alone. I personally told my husband that I would have been happy with a bread tie since I knew we didn't have a lot of money to buy large extravagant rings. We ended up spending about $500.00 for a tasteful 1 carate diamond engagement ring in a platinum setting. It has a 1/4 carate center diamond with four channel set diamonds on each side of the center. If you buy the ring as part of the wedding band set then you will save several hundred dollars of the overall cost.

I recommend observing your intended to see what type of jewelry that she favors. Once you have established if she likes silver colored or yellow gold colored jewelry then you will need to see if the jewels are smaller or larger to find the perfect ring. Cost should not be a factor when finding "The Ring" but shop around the local jewelry stores and even online to find the best deal while not compromising the quality. When buying online always look for a jewel certification from an accredited certifier since you cannot see the quality for yourself. Going to a local jeweler will allow you to look at all the cuts and differences in clarity as well as seeing the rings for yourself. Once you find the cut and setting you can check with all the jewelry stores to find out their cost. Smaller mom and pop stores will tend to be more expensive than the chain jewelers but have more specialized selections.

The cost can vary from around 100.00 to several hundred thousand dollars. What I would say is that once you know what she wants, try to get as close as possible without worrying about the price. You can always do a preliminary shopping trip to find out the costs for what you are looking for and then start saving for it.

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    • AFTiggerIntel profile imageAUTHOR

      AFTiggerIntel 

      10 years ago from Nebraska

      I called it right time, right place. I honestly think they priced it as white gold because they put it in the wrong case.

    • desert blondie profile image

      desert blondie 

      10 years ago from Palm trees, swimming pools, lots of sand, lots of sunscreen

      THanks for responding...the 2001 part helps...but still! You got some ring at some price! Lucky you!

    • AFTiggerIntel profile imageAUTHOR

      AFTiggerIntel 

      10 years ago from Nebraska

      Gordon's Jewlers in 2001. I swear they mislabeled it at first but nope it was labeled correctly so instead of buying a matching set we ended up playing mix n match with the engagement and wedding rings. I think overall we got a great deal. Downside is platinum is a soft metal and I kept bending the prongs on the headstone so many times that we replaced the prongs with white gold so I would still have a diamond in the setting.

    • desert blondie profile image

      desert blondie 

      10 years ago from Palm trees, swimming pools, lots of sand, lots of sunscreen

      Where did you get a (total) one carat ring in platinum for $500???? I wanna shop there! That's a deal!!!

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