Engagement ring cost - Monthly salary multiple?
Engagement ring cost - Monthly salary multiple?
Author
Discussion

MitchT

Original Poster:

17,119 posts

238 months

Sunday 8th November 2009
quotequote all
Another engagement ring question...

I was having a casual discussion the other day during which it emerged that it is the "done thing" to spend the equivalent of two months' wages on an engagement ring. Is this true, and if so, gross or net?

UpTheIron

4,058 posts

297 months

Sunday 8th November 2009
quotequote all
How about spending what you are comfortable with?

I would suggest that if the intended recipient wouldn't be happy with whatever she received because of what it meant rather than what it cost then you're giving it to the wrong person.

Jasandjules

72,600 posts

258 months

Sunday 8th November 2009
quotequote all
Spend what you can comfortably afford.

MitchT

Original Poster:

17,119 posts

238 months

Sunday 8th November 2009
quotequote all
True, but I was just curious. It's not something I'm going to be doing for the forseable future so not a practical question, I was just wondering.

AUDIHenry

2,201 posts

216 months

Sunday 8th November 2009
quotequote all
UpTheIron said:
How about spending what you are comfortable with?

I would suggest that if the intended recipient wouldn't be happy with whatever she received because of what it meant rather than what it cost then you're giving it to the wrong person.
+1111111

I couldn't agree more with this!


Herbie58

1,705 posts

219 months

Sunday 8th November 2009
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Other than for insurance purposes the financial value of a ring should be neither here nor there. The real value of an engagement ring should be everything it symbolises about you and your relationship. Whilst every girl loves sparkle, if you think she's wife material, she probably won't give a toss how much it cost, she'll just be delighted to wear something YOU picked.

spaximus

4,365 posts

282 months

Sunday 8th November 2009
quotequote all
Our engagement ring came from Ratners and was the most expensive I could afford at the time but was still cheap. However when I bought an eternity ring for our 25th aniversary which cost over £5k against it the engagement ring looked rubbish. I suggested having new diamonds fitted but my wife pionted out that it would no longer be the ring it was, and all the memories it held.

If your chosen one is bothered by the size or value of the ring, as others have said, you are giving it to the wrong person.

bga

8,134 posts

280 months

Sunday 8th November 2009
quotequote all
MitchT said:
I was having a casual discussion the other day during which it emerged that it is the "done thing" to spend the equivalent of two months' wages on an engagement ring.
That recommendation was a result of a De Beers marketing campaign.
Spend what you can afford

ShadownINja

80,057 posts

311 months

Sunday 8th November 2009
quotequote all
No, no, no, no, no! Spend 6 months' salary on it. Make sure it has a nice big, BIG, diamond. Think big. Now double it. And lots of multi-coloured gems scattered around it. Make it light up a nightclub. You love her, right? Show her, then!!!

Like this:









evil

Edited by ShadownINja on Sunday 8th November 10:00

Nolar Dog

8,786 posts

224 months

Sunday 8th November 2009
quotequote all
I've seen some Deansgate Dollies (TM) with that ring on. biggrin

Thinking they're WAG's and all that. Shame!

ShadownINja

80,057 posts

311 months

Sunday 8th November 2009
quotequote all
Nolar Dog said:
I've seen some Deansgate Dollies (TM) with that ring on. biggrin

Thinking they're WAG's and all that. Shame!
Sadly, that's who they look up to and idolise.

Martin Keene

11,508 posts

254 months

Sunday 8th November 2009
quotequote all
AUDIHenry said:
UpTheIron said:
How about spending what you are comfortable with?

I would suggest that if the intended recipient wouldn't be happy with whatever she received because of what it meant rather than what it cost then you're giving it to the wrong person.
+1111111

I couldn't agree more with this!
Indeed.

I narrowed it down to 2, one costing roughly twice the other, and I very nearly bought the more expensive obe, because it had a certificated diamond, calarity documents, etc.

I almost got to the point of saying 'yes, I'll take' when it struck me I didn't actually like it, I'd been blinded by all of the paperwork with it, but realised in time.

In the end I bought the cheaper of the two with the smaller, less perfect diamond. But I liked it, and so does the wife, more importantly...

Pferdestarke

7,192 posts

216 months

Sunday 8th November 2009
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I've recently 'popped the question' and spent roughly half of my net monthly salary which got me a lovely heavy setting, a half carat ideal cut, VSII which sparkles beautifully.

Sophie is delighted with it and has had lots of compliments since wearing it.

I could have spent more but we went away for four nights and had some great food, drink, shopping and memories which we will always associate with getting engaged.

It's not just about the ring

Los Palmas 7

29,908 posts

259 months

Sunday 8th November 2009
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Pferdestarke said:
It's not just about the ring
Oh, I think you'll find it is.

jeff m

4,066 posts

287 months

Sunday 8th November 2009
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It should be multiples of her salary, that way you are getting value for money.

Engineer1

10,486 posts

238 months

Sunday 8th November 2009
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bga said:
MitchT said:
I was having a casual discussion the other day during which it emerged that it is the "done thing" to spend the equivalent of two months' wages on an engagement ring.
That recommendation was a result of a De Beers marketing campaign.
Spend what you can afford
Yeah the Marketing department of a Diamond dealers is going to boost the target price, If your future mrs likes the look of one that is a lower priced one then great for you. A large diamond can be impractical, also a certified diamond is something to go for if you are flush enough that the price difference isn't massive but below a couple of grand you are buying a ring she will wear for the rest of her life, the certificate puts the value up at the start and may improve the 2nd hand price, which is irrelevant for a ring she will wear for the rest of her life.

jimothy

5,151 posts

266 months

Sunday 8th November 2009
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2 Months - not any more - De Beers has upped it to 3.

Its all their marketing to keep diamonds in demand.

Oldandslow

2,405 posts

235 months

Sunday 8th November 2009
quotequote all
Jesus it used to be a month's salary lasting a lifetime. If the worst happens make sure you get it back or she'll be down cash converters like a shot(have you seen their horrible new advert?).

gilla

19,746 posts

219 months

Sunday 8th November 2009
quotequote all
jimothy said:
2 Months - not any more - De Beers has upped it to 3.

Its all their marketing to keep diamonds in demand.
cubic zircona (sp?) the bh is going to have you over anyway so get in there 1st

Nolar Dog

8,786 posts

224 months

Sunday 8th November 2009
quotequote all
jeff m said:
It should be multiples of her salary, that way you are getting value for money.
What if she earns more than you? smile