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Poll: How much did you / spouse spend on engagement ring?

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  • Poll: How much did you / spouse spend on engagement ring?

    Should be interesting
    Anonymous
    78
    Marriage is for suckers!
    6.41%
    5
    <$100
    8.97%
    7
    <$500
    2.56%
    2
    <$1000
    7.69%
    6
    <$2500
    8.97%
    7
    <$5000
    24.36%
    19
    <$10,000
    15.38%
    12
    <$20,000
    17.95%
    14
    <$40,000
    6.41%
    5
    >$40,000 bling bling
    1.28%
    1

  • #2
    0. engagement rings make no sense to us.

    Comment


    • #3
      Originally posted by Peds View Post
      0. engagement rings make no sense to us.
      +1. We have them because we had some family rings.

      And I bought a $12 ring for myself before an interview when I was moving because of "spouses job."

      Comment


      • #4
        $1000 for the setting, for the first ring. My father’s sister, who was like a grandmother to me and a widow, gave me her ring for the diamond. We had it reset for my wife.

        If I discuss the second ring/upgrade, years later, I will be shamed out of this community. I do not remember the exact price, but I am certain that it was not over $40k.

        Comment


        • #5
          Originally posted by Peds View Post
          0. engagement rings make no sense to us.
          Same

          Comment


          • #6
            I went all out (>$70k). Now teetering on filing for divorce, I realize how ridiculous that was to spend so much money on an engagement ring.

            Comment


            • #7
              I would love to see a data plot cost of engagement ring vs age difference in couple.

              Comment


              • #8
                $20 Amazon for my ring (vs the $350 same ring at the jeweler)

                My recommendation would be to buy the diamond online. You can get that $20k in store ring for $10k. My wife's diamond was <$20k from online store while the same stone was $56k in the store. Such a scam.

                Think we're gonna get man made for earrings.

                Comment


                • #9
                  How will anyone know it's from Tiffany's unless you tell them? That seems a little tacky.

                  And unless you give her the ring while your shopping at Costco, she will probably think of that experience, not the location you bought the ring

                  Comment


                  • #10
                    Originally posted by southerndoc View Post
                    I went all out (>$70k). Now teetering on filing for divorce, I realize how ridiculous that was to spend so much money on an engagement ring.
                    Oh my word - hope everything works out. Sorry to hear that.
                    Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

                    Comment


                    • #11
                      So I’m an old fogey. My 2nd (and current, for 25 yrs and until one of us kicks the bucket) engagement ring is very special. What he bought in 1995 for $12k is...quite valuable today. And I must admit it’s fun to get compliments on my “unusual” ring from strangers. Hubs got a bigger kick out of designing and buying a unique ring than I did - it was a matter of personal pride for him. He frequently asks if new acquaintances noticed my ring. I totally get it.

                      For the record, he’s 16 yrs older, a still-going-strong 79 y.o. workaholic (just got home and told me he spent the whole day on the tractor). He used to do a lot of business in NYC so we went to a trusted jeweler in the Diamond District to get it all worked out. I was a naive 35-y.o. and trusted him to handle it all - I was pretty intimidated. It’s a very special memory we still talk about.

                      I believe it’s not about the price but the whole once-in-a-lifetime experience. (Ok, twice for me, but my 1st husband’s father picked out the ring and it just wasn’t quite the same.)

                      Again, this perspective from a BOOMER, which I doubt many of you will relate to. But I bet some of your parents have interesting stories!
                      Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

                      Comment


                      • #12
                        Originally posted by southerndoc View Post
                        I went all out (>$70k). Now teetering on filing for divorce, I realize how ridiculous that was to spend so much money on an engagement ring.
                        1) Sorry to hear about that--hope it works out for the best, whichever direction that is.
                        2) What does a 70k ring entail? Is it something that is worn all the time, such as when getting groceries or raking up leaves? Is it dangerous to walk home after a show?

                        Comment


                        • #13
                          Spent $3k on my wife's engagement set. I've got a run of the mill cheap gold band from Costco. She hasn't ever mentioned upgrading and I've never brought it up. Besides, I think there's other things she would rather have than a fancier ring.

                          Comment


                          • #14
                            Another $0. Over the years have given her a few nice (and very reasonably priced) rings but didn't feel the need for an engagement ring. Or anything but inexpensive wedding bands. Far more practical uses for the money.

                            Comment


                            • #15
                              Originally posted by ACN View Post
                              $20 Amazon for my ring (vs the $350 same ring at the jeweler)

                              My recommendation would be to buy the diamond online. You can get that $20k in store ring for $10k. My wife's diamond was <$20k from online store while the same stone was $56k in the store. Such a scam.

                              Think we're gonna get man made for earrings.
                              My husband keeps telling me he wants me to make his ashes into a diamond. . . And then wear it ;-) It's the only thing I can think about when I hear "man made diamond"

                              Can't remember how much my husband spent, something like $1200? He was still in college and that was half his savings! I do love my ring and I wear that or a $50 gold band from Amazon to work. Patients make less creepy comments when they see a ring, for some reason.

                              Comment

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