— Michelle B.
— Harriet Lamb, CEO of Fairtrade International
—Dr. Martin Luther King Jr.
Engagement Ring Budget: How do you decide upon your engagement ring budget when the ring may be shown to your entire community? It's the love, not the price that matters.
The tremendous responsibility riding on your engagement ring budget decision can make the purchase feel overwhelming. The ring represents your willingness to commit deeply, for life, to a man or woman in front of your shared community. There’s plenty of pressure to spend a lot because the diamond, analogous to a dowry, may be flashed around by your fiancé before family and friends. Though many jewelers have adopted a De Beers narrative, advising that an engagement ring should cost two months of salary; these days, this obviously doesn’t make sense, especially if you are carrying loans or starting out on a new job.
Whether size matters to him/her or not, the sparkle in the gold or platinum is seductive and it may be difficult to figure out all the various factors around purchasing an engagement ring.
If this is your first entry into the wild jewelry world you will encounter a terminology that you’ve never heard before: grading letters, slight inclusion verses very slight prongs verses split mounts, palladium verse platinum, gemstones with varying degree of hardness and qualities and even caret vs. karat.
The terminology itself is arcane. Work with a company that has a reputation you can trust. The lifeblood of successful jewelers is the relationships they have with their customers.