What Should Be the Budget for An Engagement Ring?
Engagement rings are a centuries-old tradition but their exact type, role, and meaning in the engagement process, as well as their prices, have all varied over time. Fortunately, engagement rings today are incredibly diverse, and an increasing number of people are focusing on more affordable options such as non-diamond gemstones, lab-grown, diamonds, and others. Still, the question remains – what should be the budget for an engagement ring? What are the average prices for engagement rings today? Are you expected to spruce a 5-digit sum of money for a huge diamond? Would you be looked down at for a more modest engagement ring? And how can you get the most bang for your buck when shopping? We’ll try to cover all that below. What is the average budget people set for engagement rings? The exact estimates for an average engagement ring budget today vary depending on who you ask but most agree the average is somewhere around $6,000 for the US. Even then, some estimate that the current avera
