Old rules about spending several months' salary on a ring came from marketing, not common sense. Spend what fits your budget.
Ways to save
- Consider lab-grown stones or alternative gemstones
- Slightly below "round" carat weights often cost less
- Simple bands, or vintage and family rings
- Get an independent appraisal for expensive rings
- Check the return policy and warranty
Insure it
Check whether your renters or homeowners policy covers the ring, or add a rider.
General educational information. Costs vary a lot by region and season. Money Honey Guide isn't paid by any vendor, venue, registry or lender.