How Much Does An Engagement Ring Cost?
How much should an engagement ring cost? There is an engagement ring cost rule of thumb that says every man should spend two month’s salary on the ring before proposing. For some men this is a lot of money. Consider that if you make fifty thousand dollars a year your engagement ring cost should be over $8000. This is as much as the down payment on an $80,000 home. If you have extra money just laying around this may seem reasonable. However, if you would like to save money and start your marriage on a strong financial foundation you may want to lower your standards. In reality you should discuss the cost of engagement ring options with your future spouse before you make a purchase. Come to an agreement as to how much should be spent on the ring. Your bride to be may want a ring that is very costly or she may have other ideas about what you could spend the money on.
Buying An Engagement Ring
When buying an engagement ring there are four main things to consider – carat, color, clarity, and cut. Each of these aspects will have an impact on the price of the ring. Carat is the size of the diamond or diamonds in the engagement ring set. Clarity is how clear the diamond is or if it is cloudy. Finally, cut is the shape of the ring such as a princess cut or the traditional diamond cut. Carat is the size of the diamond or the total weight of all the diamonds in the ring. Some jewelers display the total carat weight of the set while others display the carat size of each diamond. Carat and clarity always affect the engagement ring cost of a ring the same. Everyone wants a ring that is clear and shiny as well as big. However, the cost of the cut can change depending on current trends. Whatever is in style will cost the most.
Affordable Engagement Rings
While it may appear as though buying an engagement ring is expensive there are options available if you want to save money on your purchase. For example, many jewelers now offer their collections online. You can expect engagement ring cost to be much less when a store has lower overhead. In some cases you might even buy your diamond online and have a local jeweler set the ring in gold, silver, or platinum.
Where To Buy Engagement Rings
There are literally thousands of places to buy engagement rings today. You can purchase rings from jewelry stores, department stores, or even used jewelry dealers. Consider that unless you know how to view a ring and tell its worth you want to shop with a reputable dealer. If you don’t know whether a diamond is high quality or not the jeweler would have no problem selling you a big, bad quality ring, at a high price.
As you can see there is a lot to learn about the cost of engagement ring options today. You may think you need a degree in diamonds just to determine whether you are getting the best deal. However, there are many name brand jewelers who offer a quality guarantee. At higher engagement ring price points you can receive a certificate that grades the diamond and guarantees that you are getting what you paid for. Remember to consider the cut, clarity, carat and color of the ring you want to buy. If you are not sure whether you are getting a good deal you might want to send the ring for a private appraisal through a local jeweler. Sometimes you can trust a private appraisal more because the jeweler isn’t trying to sell you anything. The appraiser can tell you whether the engagement ring cost is reasonable or not.
Average Engagement Ring Cost
When considering engagement rings for women and engagement rings for men you will find that the prices can vary by thousands of dollars. Lower end rings may start as low as $100 and go as high as $10,000 dollars. However, most mall stores offer the average engagement ring cost of $3,000 to $5,000. Figure that a quarter carat diamond that is in a 14 carat gold setting will cost between $125 to $500 depending on style and design. A three quarter carat ring averages $1,000 to $2,000. A one carat diamond encased in 14 carat gold will average $2,000 to $3,500 while a one carat diamond encased in 18 carat gold will be $4,000 or more. Of course this engagement ring cost is for an average diamond. Buying the highest quality diamonds will cost you top dollar. You will be able to get an ASG/GIA certificate if the diamond is high quality.
Khloe Kardashian Engagement Ring Cost
Many celebrities buy engagement rings that cost hundreds of thousands of dollars. In some cases the diamond rings even cost millions. For example, Khloe Kardashian’s engagement ring was an outrageous $850,000. However, that pales in comparison to her sister’s ring that cost over 2 million dollars. Many celebrities tote rings that cost more than a normal family’s mortgage. In fact, million dollar engagement rings are quite common in celebrity circles.
Harry Winston Engagement Rings Cost
Harry Winston offers over fifteen different engagement ring styles in their online store. Whether you want something that is smooth and elegant or something that is diamond encrusted there are plenty of options. You can even schedule a meeting to view more rings that may match your style. One of the most popular styles is the Attraction Engagement Ring. This ring has smaller diamonds all the way around the band with a large diamond in the middle. In total this diamond sports over three carats of various brilliant cut diamonds. Prices at Harry Winston would not usually fall into the average engagement ring cost category. In fact, most rings start at $15,000 dollars or more. The cost of engagement rings at this establishment is considered high, but the reputation of the rings is also very high.