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Product Education

How Much Should An Engagement Ring Cost?

rings on a hands


Once upon a time, the idea of spending three months' salary on an engagement ring was the golden rule of proposals. It was seen as a symbol of love and commitment, but times have changed. In today's world, there's no one-size-fits-all approach to engagement ring budgets. Your love story is unique, and so should be the ring that symbolizes it. Let's explore why the "three months' salary" tradition has evolved and how you can find the perfect ring without breaking the bank.

Breaking the 3-Month Salary Myth

Traditionally, spending three months' salary on an engagement ring was considered a measure of devotion. However, this tradition is no longer adhered to, reflecting the changing dynamics of modern relationships.

Here's why:

1. Customization for Budget Control: The beauty of modern engagement ring shopping is the ability to tailor your ring to your preferences and budget. Many jewelers offer customization options, allowing you to choose the stone, accent stones, and setting that align with your financial comfort zone. This personal touch lets you create a unique ring that speaks to your love story while keeping costs in check.

2. Alternative Gemstones: Natural diamonds are no longer the only option. Moissanites and lab-grown diamonds are gaining popularity for their affordability and brilliance. These alternatives allow you to have a stunning, ethical, and cost-effective center stone, giving you more flexibility with your budget.

3. Prioritizing Personal Budgets: In a world where shared finances are becoming increasingly common, the notion of spending a specific percentage of one's salary on a ring may not align with your financial goals. It's crucial to have an open and honest conversation with your partner about your budget before ring shopping to ensure you're both comfortable with the investment.

4. The Quest for Meaningful, Budget-Friendly Rings: Today's couples value uniqueness and personalization over extravagant spending. Many are choosing rings that reflect their individual tastes and shared experiences rather than adhering to traditional spending norms.

conclusion

In the world of engagement rings, the rule of spending three months' salary has evolved into a more personal, meaningful, and budget-conscious approach. Customization options, alternative gemstones, and open conversations about finances have paved the way for couples to find the perfect ring that not only represents their love but also fits comfortably within their financial boundaries. Remember, the value of an engagement ring lies not in its price tag, but in the love and commitment it symbolizes between you and your partner. As you embark on this exciting journey, make your ring a reflection of your unique love story no matter the budget.

Olive Ave Promise

Olive Ave Jewelry is the new face of a family-owned and operated jewelry company that has been in business for over 40 years, first established in 1981 as The Diamond Consortium.

Our focus is to bring the highest quality jewelry to our customers for the best price. We are happy to offer our curated selection, or help you customize the perfect piece for yourself or those you love.

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