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Married guys: just curious, how much did you pay for your wife's engagement ring, when she was your fiance? I had a family member who got married a while back, and I believe if I remember right that the male fiance (now husband) paid a little over $6,000 for the engagement ring -- granted, they were also a relatively financially well-off couple. So, given that particular example, I was wondering to see how much guys who are middle-of-the-road financially typically end up paying for a fiance's engagement ring? For example, is it usually somewhere in the range of $1,000 - $6,000?
That guideline is widely considered a joke by anyone who doesn't work for the diamond industry.
So if you made a barely middle class salary like $40K, you would spend more than $10K of it on a ring? If you made a poverty wage of $20K and were on food stamps, you'd spend more than $5K on a ring? If you made $1 mil a year you'd spend more than $250K on a ring?
Really?
uh yeah really. If I love her I want her to have the best ring I can afford. Is this a foreign concept?
Married guys: just curious, how much did you pay for your wife's engagement ring, when she was your fiance? I had a family member who got married a while back, and I believe if I remember right that the male fiance (now husband) paid a little over $6,000 for the engagement ring -- granted, they were also a relatively financially well-off couple. So, given that particular example, I was wondering to see how much guys who are middle-of-the-road financially typically end up paying for a fiance's engagement ring? For example, is it usually somewhere in the range of $1,000 - $6,000?
From doing a little google research, it appears the average in the U.S. is around $3,500. When you compare that to average salaries, it's closer to one month's salary than the three months the diamond cartels would like you to spend.
My ex spent $900. That was about a month's salary for him back in the day (we were students)
20 years later I sold it for $60. Turns out it was a piece of crap. If that's not an apt metaphor I don't know what is.
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