How Much Should a Guy Spend on an Engagement Ring?

The myth of spending three months of your salary on an engagement ring has persisted for decades, but in modern times, this expectation fails to meet with financial reality. 

However, it is important to strike a balance between what you can afford and what true love deserves. An excellent way to find this balance is by purchasing a sapphire engagement ring or another ring that features both diamond and precious stones. These mixed or single-stone rings have become popular with consumers who wish for a ring that is both affordable and unique. 

What Is the Value of an Engagement Ring?

Engagement rings have a wide range of price tags, from the relatively inexpensive to those costing six figures. These prices are determined by what the market is willing to pay. While nearly everyone knows the importance of the four Cs (colour, cut, clarity, and carat) of diamonds, these only make up a portion of the ring’s value. 

The other physical component of an engagement ring’s value lies in the precious stones and metals used to craft the ring. Lastly, the jeweller’s skill and reputation can have a significant impact on the price of an engagement ring. After all, a legendary piece designed by a renowned jeweller can fetch a king’s ransom. 

Once it is given to a partner, a ring’s value is far deeper than a number on a price tag. An engagement ring symbolises a lifelong commitment to your partner, and it is of utmost importance that the buyer of the ring and the spouse-to-be are pleased with the ring.  

The Art of Buying Bespoke

For many years, the perceived value of an engagement ring relied solely on the four Cs, and chief among them was the carat: the larger the stone, the deeper the love. Today, we realise that a singular focus on the size of the diamond often means a ring that lacks character. A large and brilliant stone may draw the eye, but it often fails to captivate the imagination. 

Choosing a design for a unique ring may sound daunting to some. Thankfully, jewellers are always ready to assist in guiding you toward a ring that both you and your future spouse will love. An excellent way to decide on a bespoke design is to find a ring that you like, and then ask the jeweller to modify it to fit your tastes. 

A skilled jeweller enjoys their craft and understands that their creation will cement a legacy that may last for generations. You can work with the jeweller to find the type of stones you like best. Stay open to their recommendations, as jewellers will often offer advice on what stones pair best, and which cuts will fit the design. 

With your dreams and the jeweller’s advice, you can create a ring that will be cherished. It may even be passed down for generations. The true value of a bespoke ring is not the price tag–it is in the uniqueness of a design that symbolises love for a partner. 

It is important to note that in modern times, it is not just women who receive engagement rings. Do men get engagement rings? Yes! In fact, many forward-thinking couples and jewellers have come to realise that it isn’t always the man who should purchase a ring. The door can swing both ways now, and many men would be flattered to have their partner buy them a meaningful engagement ring. 

The Value of an Informed Decision

Before going shopping for a ring, it is critical to decide what you can afford. The love a person has for their partner cannot be quantified in dollars. Similarly, buying an engagement ring should not place a financial burden on your life. Examine your budget and decide what is right for you. 

It’s often a great idea to work with a jeweller to find a ring that speaks to the soul rather than your wallet, but, of course, the final decision lies with you. Together, you and your jeweller at Holloway Diamonds can come to a decision that works for everyone and ensures you leave with a piece that your soon-to-be fiancé will cherish forever!