How Much Should You Spend on an Engagement Ring?

There is no right number for an engagement ring. The best budget is one you can pay for comfortably while still getting a ring you love. Here is a simple way to set yours, and the choices that move the price the most.

What about the "three months' salary" rule?

The idea that you should spend a set number of months' salary on a ring came from diamond advertising in the twentieth century, not from any financial guideline. Today most couples simply decide what they are comfortable spending. Starting a marriage without debt from the ring is a good thing.

Step 1: Pick a comfortable number

Look at your savings and monthly budget, and choose a total you could pay without stress. If you plan to use financing, make sure the monthly payment fits easily alongside your other bills.

Step 2: Decide what matters most

Most couples care most about one or two of these: the size of the center stone, the type of stone, the metal, or the detail in the setting. Knowing your priority makes it easy to spend where it counts.

The choices that change the price most

Moissanite or lab-grown diamond

This is the biggest lever. Moissanite costs far less than a lab-grown diamond of the same size, and it is very durable and brilliant. A lab-grown diamond is a real diamond, which matters to some people. On every ring we sell, you can switch the "Stone Type" to compare both prices for the same setting. Learn more in moissanite vs lab-grown diamond.

Carat size

Price rises quickly with carat weight. Elongated shapes such as oval, pear and marquise look larger than a round stone of the same weight, which can stretch your budget. See our guide to ring shapes.

Metal

Gold plated rings cost the least, solid 14K gold is the most popular choice for everyday wear, and solid 18K gold is richer in color and costs more. Read solid gold vs gold plated to choose.

Setting

A simple solitaire band costs less than pavé, hidden halo or three-stone designs, which use more small stones and more labor.

Tips to get more for your budget

• Choose moissanite for a larger center stone at the same price.
• Pick an elongated shape for a bigger look per carat.
• Start with solid 14K gold and a classic solitaire band, then upgrade the details you care about.
• Get your ring size right the first time with our ring size guide.

Every ring from Reflections Jewelers is made to order and backed by our lifetime warranty. Browse engagement rings, or tell us your budget and we will suggest options that fit it.