How Much to Spend on an Engagement Ring?

Many people think that they should spend three months of their salary on an engagement ring, but the ideas of how much to spend on an engagement ring are changing. Today, you should focus on setting a budget you are comfortable with and finding a ring that best fits that budget and your partner’s style. Forego thoughts of a certain number of paychecks and focus on educating yourself on the 4Cs, ring setting types and the latest ring trends.

Perhaps the real question should be: what’s your engagement ring budget?

We get that a ring’s price is often at the forefront of decision making. Working backwards can help you make the most of your budget, allowing you to get the best ring, diamond or gemstones for the best price right in your comfort zone.

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Halo diamond engagement ring with micro-pavé sidestones framing an emerald-cut centre diamond.

5 Easy Engagement Ring Buying Tips

Wondering how much to spend on an engagement ring? The only hard rule about engagement ring cost is spending what you're personally comfortable with. From there, choose the features that fall within your budget. Explore our 5 steps for figuring out how much to spend on an engagement ring and choosing the perfect sparkler..

Set your budget. Each person will have a different amount they’d like to spend on a ring. Figure out how much you’d like to spend before browsing rings.
Learn about the 4Cs. The 4Cs of diamonds can impact an engagement ring cost. Of the 4Cs, cut has the most impact on a diamond’s sparkle. Pick the highest cut grade that’s within your budget.
Figure out which other Cs are a priority. Now that you've prioritized cut, you can pick the other diamond features that are most important for the ring. Shape and carat are other key factors of a beautiful diamond ring.
Start shopping. By now, you're probably excited to start looking at some rings. Explore our large selection of diamond and gemstone engagement rings to narrow your selection down to styles that match your partner’s personality and your budget.
Choose a ring with confidence. Select the ring you know your partner will love. You can view the third-party diamond certification to confirm your choice.

7 halo diamond engagement rings all set with different diamond shapes.

Average Engagement Ring Prices

With so many rings, stones and settings to choose from, you can find an engagement ring to match any price point. Additionally, the average engagement ring cost can vary in different parts of the world. For example, people in the Northeastern United States may, on average, spend more on an engagement ring than someone in the United Kingdom. Jewellery trends vary across the world and the trends may impact popular ring styles and prices. The right ring is one that speaks to your partner’s tastes and fits within your budget.

Engagement Ring Price FAQs

Engagement ring prices vary widely depending on the exact ring features you choose. The stone type and quality can impact a ring’s price. Additionally, a ring’s metal will influence how expensive it is. We offer a large selection of rings for every budget, from simple classic styles to more ornate pieces.

You should spend as much as you're comfortable spending. There is no exact amount that should be spent. Instead, you should spend what is within your budget.

No, there is no rule that you should spend a certain number of paychecks on an engagement ring.

Your engagement ring budget should be determined by factoring in your income, your lifestyle and whether you’d like to buy a ring for cash or finance it. Just as every ring is unique, every budget for engagement ring shopping is a personal part of the process.

How Much Should

Your Engagement
Ring Cost?

How Much to Spend on an Engagement Ring?

5 Easy Engagement Ring Buying Tips

Average Engagement Ring Prices

Engagement Ring Price FAQs

How much is an engagement ring?

How much should I spend on an engagement ring?

Do I need to spend three months of my salary on an engagement ring?

How can I figure out my budget for how much to spend on an engagement ring?