How much to Spend on an Engagement Ring?

If you are planning to propose to your lady love, Congratulations it is surely a milestone to remember for a lifetime. Now before you prep yourself to pop the big question, you will need to select her favorite style of engagement ring. From selecting a perfect cut to designing the ultimate engagement ring, many of you are aware of the basic details that go into prepping your diamond ring. While the biggest question remains unsolved,” The Cost of your Engagement Ring” is a topic that is filled with myths and misconceptions.

Want to hear more? With the help of our diamond and jewelry experts, we are here to debunk the myth about how much to spend on an engagement ring. Find out how to shop for your sweetheart’s engagement ring.

The average value of an Engagement Ring.

Before we ride straight on to the details and numbers, it is essential to know that every individual has their financial situation and spending a specific amount isn't a necessity to fit the myth.

According to our experts, the average amount spent on engagement rings in 2022 is around $6000 worldwide. Some to-be-weds prefer to spend less and some more depending on their budget.

As we narrow down the specifics to the 4C’s _ Carat, Color, Cut, and Clarity you will find a gamut of natural diamonds offering prices.

Our experts suggest that the pricing of your engagement ring should solely depend on the size and look that your partner desires. Additionally, the carat size, quality of the diamond, and the metals play a significant role in deciding the price of your engagement ring.

The Popular Engagement Ring Cost Myth.

Lovers follow all the traditions tied to the wedding, while some of these traditional beliefs turn out to be myths. Especially when it comes to Engagement Ring costs, peers are pressured to spend a certain amount.

The biggest engagement ring myth lies in - “You need to spend a 3-month salary on your engagement ring”

There is a long-withstanding traditional culture stating that you must spend at least 3 months on your ring. However, there is no solid rule on how much to spend on an engagement ring and myths like these only add unnecessary pressure.

Our experts suggest that every proposal spouse must focus on the budget and style that you wish to surprise them with.

How to grab an engagement ring on a budget?

Getting the ring of their dream on a budget is now possible with Rustic and Gold. We offer the finest range of luxe diamonds and stones with a premium 14K gold metal customization. You can add a special love note or engravement to your bands.

Ditch the solid white diamonds and fall in love with the beauty of antique luxuries and the finest craftsmanship and Yes! Everything is on the budget set by you.

Explore our comprehensive guide on engagement rings, including tips and insights, in our Engagement Rings Descriptive Guide.

You can personalize your engagement rings to the dreamy settings or go for the solid bold look. Design your engagement rings with us.