How much should an engagement ring cost?

How much should an engagement ring cost?

The question that’s plagued every would-be proposer: How much should an engagement ring cost? It’s been Googled, debated, and pondered over for generations. Despite the speculation, there’s no definitive answer. Why? Because it all depends on a myriad of factors unique to you and your situation.

Let’s break it down, shall we?

First off, there’s your budget to consider. Are you swimming in cash like Elon Musk, or are you counting your pennies to make ends meet? Those baby boomers drove up the cost of buying a house. Your financial situation will undoubtedly play a significant role in determining how much you’re willing (and able) to shell out for that perfect ring. 

Then there’s the question of values. What does the engagement ring symbolize for you? Is it a token of your undying love and devotion, or merely a status symbol to impress her friends and family? If you proposed with the pull ring from a stubby, would she say YES? Your answer to this question will undoubtedly influence your decision-making process.

Of course, there are other financial commitments to take into account as well. You’re both paying a huge mortgage? Paying off HECS fees? These real-world constraints can’t be ignored when determining your ring budget.

And let’s not forget about her expectations – and everyone else’s. What do her friends and family expect? What will the gal’s in the office say when she walks in with her new diamond ring? Are there cultural norms surrounding engagement rings e.g. does the diamond need to be D Flawless because it’s a dowry down payment? And if she’s a princess and you’re a pauper (or vice versa), how does that impact your decision-making process?

But here’s the thing – there’s no right or wrong answer. It’s all about what feels right for you and your partner. And if you’re feeling overwhelmed by all the options out there, fear not – you’re not alone. That’s where we come in.

At Holloway Diamonds, we’re not here to tell you how much to spend on an engagement ring. But we are here to help you navigate the murky waters of ring-buying with confidence and ease. With our expert guidance and unparalleled selection of diamonds, you can rest assured that you’ll find the perfect ring to symbolize your love and commitment.

And here’s the best part – with our Upgrade program, you can buy a “little” diamond today and trade it in for a “bigger” one in the future. You’ll get full value of what you paid for the diamond. So go ahead, take the plunge and pop the question. With Holloway Diamonds by your side, the possibilities are endless.