It is typically said that you are meant to spend two months worth of your wages on an engagement ring, but this isn't actually true. Nothing, excuse the pun, is set in stone. The rule on spending a whole two months salary was created by DeBeers Jewelers and should be taken with a pinch of salt. The short and quick answer to this question is, "Spend whatever you like!” Although, there is a "BUT", as you might want to consider a few things before popping the big question.
What will your potential fiancé want?
You may find that your other half has a Pinterest board dedicated to all things engagement and wedding-related as we have, which makes it super easy for you. However, for those of you who don't have it so simple, there are other ways. If you know what they like to wear and are good at buying them clothes and accessories, then that's a fantastic start. It's always safe to assume that they are going to want something similar to what they have. If you're not sure at all, reach out to friends and family so they can give you all the details you need to know.
Does the ring hold any meaning?
The meaningfulness of a ring is more important than how much money you are going to spend. Instead of the traditional Diamond engagement ring, you may want to look into different kinds of gemstones as they each hold an array of different meanings.
Here are five alternative gemstones that would be perfect:
Emerald is a rich green stone, known as "The Stone of Successful and Abundant Love" and signifies a healthy relationship.
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Aquamarine is a pale blue stone that embodies the harmony of the ocean and is used as a symbol for good luck.
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Morganite is an extremely popular gemstone due to its delicate pink color and is associated with love and compassion.
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Tanzanite is a much rarer gemstone than Diamond and represents an honest and trustworthy bond.
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Amethyst is a vibrant purple stone, and symbolises a pure and sincere connection.
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As well as possessing emotional qualities for centuries, they can also come with a lower price tag. Take a look at our alternative engagement rings right here.
Think about your finances
The most important thing to think about is your financial situation, what are your outgoings and current income? Then pick a budget you are comfortable with and save up. It's easier said than done of course, but if you're willing to commit, the hurdle will be relatively painless.
Choose the engagement ring together
It has been a tradition for the man to pick an engagement ring and throw together a lavish proposal, but you don't have to stick to tradition. Nowadays, you'll find that choosing an engagement ring after the proposal with your partner is becoming more and more popular.
Why do it this way?
Firstly, you can choose a budget together. If you pick a realistic yet worry-free price on an engagement ring as a couple, it will be a lot easier for both of you and your other half to shop around. Secondly, it will take off the pressure of picking out a ring on your own, and you'll have peace of mind knowing that your soon-to-be fiance will love it. You'll also find that choosing a ring together, prepares you for the decisions that will come after marriage.
So going back to our first point, "Spend whatever you like!” Just think about these points, and everything will become a lot easier for you when the time comes. Don't forget engagement ring designs come in all shapes and sizes, but if you're looking for a bit of inspiration, we can help! Find a variety of traditional and unique engagement rings right here.