How Much Should You Spend on an Engagement Ring

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Let’s talk about one of the questions people sometimes feel uncomfortable asking: “How much should I spend on an engagement ring?” Our answer: There isn’t one number that applies to everyone.  You’ve probably heard the old idea that an engagement ring should cost a certain number of months’ salary.  We don’t believe your relationship should be measured that way.

Start with your own budget.  The right starting point is what you’re genuinely comfortable spending. An engagement ring is an important purchase, but it shouldn’t create financial stress that follows you into the next chapter of your life.  Tell us your budget.  Seriously. We won’t judge it.  Our job is to help you understand what can be created within that number.

Small changes can make a big difference. The beauty of jewellery is that there are many ways to approach a design. Changing the stone shape, metal, setting, size, or combination of stones can change the look and price considerably. Sometimes a small design change can give you much more of the look you’re after without requiring a much larger budget.

Your ring doesn’t have to look like everyone else’s.  Maybe you’ve always pictured a large diamond.  Maybe you’d rather have a smaller diamond in a beautifully detailed setting.  Maybe you love colour.  Maybe you want a family stone incorporated into a new design.  Maybe you want something simple and timeless.  There is no single correct engagement ring.  Current engagement ring research also points toward more individual choices and significant involvement by the recipient in ring selection.

What about lab-grown diamonds?  For some customers, lab-grown diamonds are another option worth discussing.  They can allow a customer to consider different stone sizes and specifications at a different price point than a comparable natural diamond. The important thing is that you understand your choices.  We’ll explain the options and let you decide what feels right for you.

The best question isn’t, “How much should I spend?”  A better question is, “What can I create with the budget I have?”  That’s a conversation we’re happy to have. Whether your budget is modest or substantial, we can explore the possibilities together.  Because a beautiful engagement ring isn’t about hitting an arbitrary price.  It’s about creating something meaningful for the person you’re choosing to spend your life with.

To get started, book a design consultation, then play around with our new RING BUILDER to gather ideas for your meeting with our designer.

We can do almost anything within your budget.  Check out these varied designs below.

A  beautiful choice at $1389.00 .

A little more detail- around $3,349.00

A custom statement around $6, 679.00

 

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