Proposing your sweetheart with a proposal ring is an important part of any guy’s life. So, you must select the right type of ring for this special moment. One of the significant deciding factors that influence its selection is its price. Because of this, most guys think about the amount of money that they must spend on it. The two major things that you must consider while deciding on the money to spend on the proposal ring are the following: your sweetheart’s expectations, and your financial situation. Hence, the goal when selecting proposal rings must be to find a balance between these two; read on to know more about this.
Before buying diamond engagement rings for women, you must research them to avoid overpaying. Remember that online retailers can be up to 40% cheaper than local jewelry stores, and they provide free shipping and hassle-free return policies.
The Expectation Of Your Sweetheart
Listed below are the important points to keep in mind when selecting proposal rings:
- An engagement ring is a symbol of commitment and love between couples.
- Most women will have a clear idea of the type of engagement ring they want, i.e., the diamond shape, ring setting, style, etc.
Your Financial Situation
When buying the perfect engagement ring for your women, you must not put yourself into debt. Listed below are the important things that you must consider to assess your financial ability:
- Your current income
- Your savings
- Your current expenses
- Your potential income
Breaking down the aforementioned factors will give you a clear idea of how much you must spend on the diamond engagement ring. This will help you to fix a budget and look for rings that are available within that budget. Furthermore, nowadays, some couples opt for lab-grown diamonds. There are two potential reasons for this: firstly, they are cheaper and have all the qualities of natural diamond, and secondly, they are environmentally friendly.
Average Cost Of Diamond Engagement Rings
Most people buy proposal rings with diamonds having carat weights 1.0 carat and 0.5 carats.
Listed below are the average cost of diamond engagement rings in different countries:
- United States: $7,750 for 1.0 carat
- Canada: $3,500 for 1.0 carat
- United Kingdom: $2,000 for 0.5 carat
- Australia: $5,000 for 1.0 carat
- China: $3,500 for 0.5 carat
Also, remember that you can get diamond engagement rings for significantly lower prices if you opt for carat weights slightly below 1.0 carat and 0.5 carat.
Keeping these points in mind can help you with getting proposal rings with the best value for money.