How Much Should I Spend?
Sunday, 29th November 2009
How much you choose to spend on an engagement ring is a personal matter, but you will no doubt hear that one to two months' salary is the norm. At Cheap Engagement Rings we recognise that this so-called 'fact' seems to come from the De Beers' publicity machine. Spend whatever you feel is right and what you can realistically afford. Remember that De Beers has a massive hold over the diamond industry and as such has a vested interest in what you spend.
And it is a myth that a diamond ring is a good investment for the future. A retailer can mark up a new diamond ring by up to as much as 100% (sometimes more!) and it could lose half its value the moment that you leave the shop.
Buy an engagement ring that you like, not one that breaks the bank.
