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How Much Do You Spend On An Engagement Ring?
How Much Do You Spend On An Engagement Ring?
It is said diamonds are a girl's best friend (if they are), then a question that troubles the groom is the budget that needs to be spent on engagement rings for women. This is a tricky question, as there are a lot of factors that go into consideration.
Since there are so many myths and misinformation spread regarding the engagement rings, most don't know the amount that needs to be spent.
Therefore, today, we will go through a couple of points to help you decide the right amount you need to spend on bridal engagement rings.
What is the Average Cost of Bridal Rings?
What is the Average Cost of Bridal Rings?
On average, couples in 2020 spend around $3,700 on wedding rings. On the contrary, in 2018, they spent around $7,500 on the rings. However, newlyweds spend money on the rings depending on their budget and price range.
The ring's price mainly depends on the size, quality of the center stone, which center stone you choose, the metal, and the brand. Thanks to the recent technological advancements, you can also get big stones at affordable prices.
How Much is Too Much for Rings?
How Much is Too Much for Rings?
Although there is no certain price cap that decides the price of the bridal jewelry, casually slip the topic into discussion and understand how much your significant others want you to spend on the rings.
Some might want to go overboard and spend lavishly on the ring. In contrast, some want to have a normal ring and spend more on the wedding, honeymoon, or start a college fund for their children. Therefore, there is no fixed amount that you need to cash.
Although, most new couples disregard the myth of spending three months' salary on the engagement ring. They are being clever and saving money for their future purposes. This doesn't mean you should cheap out. Always take into consideration her feelings and likings.
What is the Average Size of A Diamond in an Engagement Ring?
What is the Average Size of A Diamond in an Engagement Ring?
Some people prefer setting their budget based on the size of the diamond on the engagement ring. Although, the average size diamond that people buy is around 1.10 carat here in the USA.
Although the cut is not the only factor, the color, cut, carat and clarity are all important for buying the diamond. You can buy a 1.10 carat D color diamond at $19,000, and a similar 1.10 carat J color will cost you $4,2000.
Final Thoughts
This was a brief about how much you need to spend on bridal engagement rings for her. You can visit us for more amazing options.
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