How Much Should I Spend on an Engagement Ring?
Written on December 16, 2011 – 3:26 am | by Hunter Rankine
It was not until after the war in 1947 that any particular price expectation was defined – DeBeers tried to boost diamond sales with the slogan ‘diamonds are forever’ and by suggesting that the equivalent of one month’s income should be spent on the engagement ring. This multiple later increased to two months’ income – in fact there are now many sources which suggest an expectation of up to three times the monthly income!
Of course, in today’s economic climate, this is simply not possible for many people. Remember also that buying the engagement ring is probably the first cost of many wedding related expenses, as most couples foot the wedding bill themselves these days. Ultimately, t