‘How much should you spend on your diamond engagement ring?’ would be one of the main questions that you may get to hear once you get engaged. Over the years, there has been much hemming and hawing about the cost of diamond engagement rings. In fact, most people think that an engagement ring must be worth a huge chunk of change since it represents the relationship between the affianced couple. However, not everyone will have the same opinion. Some people tend to pick affordable diamond engagement rings since they think that it must reflect their love, not the cost.
On the other hand, some couples tend to go for the extravagant diamond rings that worth millions of dollars to show off their love. Besides, there are some monetary policies as well for purchasing diamond engagement rings such as the three months’ salary rule. Anyhow, if you are wondering about the exact price that you should spend on your diamond engagement ring, it is totally up to your financial status and the interests of your significant other. Still, you may consider the following points to get better clarity regarding the same.
The Price of Diamond Engagement Rings
The main point that you must understand is that diamond engagement rings are the symbol of true love and commitment, not your financial status or lifestyle. Hence, there are no monetary requirements to meet. However, if you have a flexible budget and you found an exquisite diamond engagement ring appealing, you can go for it without a second thought. At the same time, never choose it if your budget is limited. In such cases, you are likely to finance your diamond engagement ring out of pressure. Note that being indebted at the very beginning of a significant phase in your life is never a good thing. Plus, you may have to deal with many other financial commitments in the future such as your wedding planning, wedding diamond rings, honeymoon, house, vehicle, etc. So, it is better to go for something simple yet elegant in this case.
On a related note, choosing wholesale certified diamonds from a loose diamond dealer will be a great option to get the best bang for your bucks. Then, set it on an appealing ring setting. This way, you can flaunt a luxurious diamond engagement ring at a cheap rate. Furthermore, the option to upgrade your diamond ring in the future or whenever you become financially stable is always open. In short, it is not about the monetary value, but your emotions.