Since I am in the jewelry business, I view engagement rings differently than most people. I would NOT spend a lot of money on a ring, especially a diamond because you will never get that money back if you should need to sell the ring later. Instead, by a lab created diamond...they look the same as a real diamond, are relatively inexpensive and will save you a fortune. Most people would not be able to tell the difference,and this type of ring will last just as long as a diamond. I wrote a hub about diamonds you might want to take a look at...if you do, be sure to view the video...it really explains the true value of diamonds.