What does the average person spend on engagement rings?

There is no absolute answer to this question - it really depends on a lot of factors. You can get a top-notch diamond engagement ring for $1,000 - $5,000 no problem.

The key is to look online. Since online diamond retailers have low overhead, they can afford to sell their diamonds for up to 50% less than stores can. That means your buck stretches big time when you shop for engagement rings online.

I suggest looking into http://www.jamesallen.com/engagement-rin%E2%80%A6 or http://design.jared-diamonds.com/engagem%E2%80%A6 Both are highly reputable online diamond retailers and you really can't go wrong with either.

Personally, I bought my now-wife a James Allen engagement ring and it was one of the smartest purchases I ever made. She adores her ring and I saved 44% (compared to the store price for a similar ring). Plus, they provided free shipping right to my front door, free resizing if needed, a cash back guarantee and the ring came inside a gorgeous presentation box. Needless to say... I got a lot of brownie points.

Seriously, give online a look - I guarantee you'll thank me that you did.

Good Luck!

Engagement Rings Average Price

Most people don't go by the 3 months salary deal. I personally wouldn't have wanted my fiance to spend that much on a ring, but everyone is different. My fiance makes about $2500 a month. That would be $7500 on an engagement ring, that's way to much money for me! He spent $1000 on a 1/2 carat, and I'm more than happy. It doesn't matter how much you spend, but it kind of depends on the woman you are proposing to , if she likes flashy things, then 3 months would probably be best! If she's simple, i'm sure any ring would make her happy!

Times have changed & the 3 months salary thing is out. Buy what you are able to afford without having to take out a loan or put it on a credit card. Don't go into debt just because you are in love.

As far as how much to spend is completely up to you, as I kind of stated already. "Average" is a vague term since it varies.

For myself my fiance spent a little over $10,000 on my wedding set. He didn't go into debt doing it, paid cash & I wouldn't have had it any other way. He has just went and bought me my 2nd band since he thinks it will make everything look better so we are at about $15,000 on my ring, but I will never upgrade. Upgrading is definitely an option & many people do it that way. You can get a ring that you can afford for now and just upgrade to something bigger later on.

I hope you make the right decision for you and what sounds to be your future fiance:)

I have always heard two month's salary, but I think that is antiquated. In my guess it is meant to show financial responsibility, that you can save two month's salary for something. If you are already living together or have shared responsibilities (children, etc.) like most people now days, you should simply select the ring based on her preference. When you are getting married you are pooling your lives and savings together, so a ring grander than what she really wants is a bit of a waste. Likely, the stone will someday fall out or something anyhow, and you will be able to get her a better replacement for an anniversary. That happened with my mother's wedding ring (lost stone) and it was VERY romantic for her to have her husband take her to a jewelry store and select a nicer stone to show he would marry her all over again with the largest diamond he could afford, 25 years later. She specifically wanted to keep her original ring (scratches and all) and just have a new stone put in, I think it was the most romantic gesture I have ever seen between them.

The 3 month rule is out. The new guideline is 10 or 15 percent of your annual pay. This shows you how much you should be saving to prevent getting a cheap ring, or going into debt because it is manageable too, unlike the three months salary rule. So, for example if you make 60000 a year, then 6000 is close to appropriate. my husband makes about 35000 right now and he spent 4200 on mine. If you make 100000, then you should be spending about 10000. It should not matter where you live because other people should not affect your decision, so I disagree with the local average thing.

There are those who will tell you that you have to spend a portion of your yearly income to spend on the engagement ring. Don't listen to them. That is just what jewelers shove down the throat of men to get them to spend thousands of dollars. Besides, who do you know who can forfeit or even save three months of their income?? Come on!! Save what you can and spend what you can afford. It is pretty simple. Look at some rings, in a store, so you can get a visual and life size look at what is available (opposed to on the internet) and note the prices. You will instantly know what you can afford or what you need to save in order to buy the ring you have your eye on. Do not feel pressured to spend more than you can afford. You can save and buy the ring with cash. You may want to put a down payment on a ring and finance the rest. Or, you may want to finance the whole purchase. That is up to you.

Go to this site, put in your zip code and after the average comes up choose "Jewelry" off the menu on the left-hand side.

This helps give you numberst that are regional to your area.

I don't think the 3-months salary thing is appropriate -- some people spend more, some less. You need to figure out what you can afford without getting into debt.

I don't think the price of the ring is really what matters...the real imporant part is that its a ring both the bride and groom will love for the rest of their lives. I'm not a lover of diamond solitares...i find them boring and predicatable, so the ring my fiancee got me, a square emerald with two swooping lines of diamond chips was PERFECT...and not as expensive as a diamond of its size would normally be...only around $300

i dont think thats necessary. i have heard 2 months and one month. but it should be whatever u can afford without going into debt for real. i mean u can get a nice ring thats like 300 dollars. or a weeks salary. i know i dont want my boyfriend to spend a forture on a wedding ring when that can go towards a vacation or something. but it should be something real and durable.