What is the ‘Right’ Engagement Ring Cost?
It’s happened! We have fully moved our business from the brick and mortar into our appointment only business structure on Sabino Canyon Road. For those who visited us at our Closing Celebration, we wanted to give a big thanks from the bottom of our hearts! It’s working with you all that keeps us going and we are so excited to move into this next chapter. Speaking of next chapters…
What a wonderful time, with butterflies in your stomach and a warmth in your heart you know you have met the person you want to spend the rest of your life with! Congratulations, that’s wonderful! Now begins the often anxiety-inducing process of finding the right ring! The big question? “How much should the engagement ring cost?” It’s perplexing, of course, you want to make sure you’re not being cheap, that your love is represented accurately in the ring you choose. So how do you translate love to price?
Engagement Ring Cost – Love’s Value
You may have heard that old prevailing wisdom ‘One/two/three months salary’ is what should be spent on an engagement ring for your sweetie, but is that the truth? According to recent surveys, almost half of Americans expect to spend $1,000-$5,000 on their engagement ring. While this is a range of price, it is in keeping with the national average at the moment.
So, what should you spend on your engagement ring? Well, to be sure you should make sure you have a clear, honest idea of what you can afford. That same study indicated that a majority of men first start the engagement ring hunt one – six months ahead of popping the question. If that’s you, then you have plenty of time to begin the process of searching, saving, and planning to make sure that not only does the ring you purchase dazzles your love’s eyes and heart but is also something you can afford.
Creating a plan for the engagement ring can mean many things to many different people. Some, of course, want to keep the upcoming engagement a surprise – hence ‘popping’ the question. In that case, you must be a bit more secretive in your research. That’s a blog for another time but keep that in mind. Other couples work towards finding the right ring together, finding the perfect style and stones. If that’s the case then, by all means, work together with your significant other to find the perfect ring for them, the treasure they will always cherish.
To put it clearly, these are the points to consider for the shopping of an engagement ring: your financial situation, your partner’s expectations and the meaningfulness of the ring. There is no hard and fast price tag of what all engagement rings cost. Understand these factors, honestly, and you will be able to discover the right cost of your engagement ring.
So then, if you are just beginning the process of engagement ring shopping, do keep coming back to this blog! We give plenty of advice and industry know-how on the jewelry shopping experience and how to get the most out of it. Ready to purchase or looking to schedule an appointment to view? Give us a call and together you and Stewart will find the perfect ring for you and yours!