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Nov
Engagement Ring Cost Rule. Dont be pressured into a ring you cant afford. The four Cs determine the bulk of the price. The average 1 carat ring can cost between 1800 and 12000. The Old Rule Is Outdated The problem with that.
People often ask how much they should spend on an engagement ring. A 2017 study by The Knot found that the average price of an engagement ring was 6351. Engagement ring cost. The old tradition of spending two to three months salary on an engagement ring is outdated. This arbitrary two-month rule would suggest that those who make 100000 per year should spend a whopping 16000 on an engagement ring. Find out how to save money by redefining the engagement ring price rule of thumb.
The best answer for how much you should spend on a ring is however much you can afford to spend.
Engagement ring cost. If you obey DeBeers rule for spending on a diamond ring you would be expected to spend at least 15000 on your ring if you make 5000mth. Thats a real investment so its important to get the. 81 of Americans think the engagement ring shouldnt cost over 5000 but the national average actually spent is over 7000. 1 The Three Months Gross Salary Rule This rule stipulates that if a man makes 80000 a year he should spend 20000 on an engagement ring. The average center diamond size for an engagement ring is between 08 and 12 carats.