Spend whatever is comfortable on an engagement ring

By Dave Segal

POSTED: 01:30 a.m. HST, Feb 24, 2013

~~<p>Question: It’s nearly spring, when a lot of people think of getting married. First, though, comes the proposal. How much should someone with a modest budget figure on spending for an engagement ring?</p>
<p>Answer: The long-standing guideline originally promoted by (diamond jeweler) De Beers was approximately two months’ salary. However, I have always advised my clients that the amount should be the range they are comfortable spending. Everyone, despite their income, has varying degrees of financial obligations.</p>
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Question: It’s nearly spring, when a lot of people think of getting married. First, though, comes the proposal. How much should someone with a modest budget figure on spending for an engagement ring?

Answer: The long-standing guideline originally promoted by (diamond jeweler) De Beers was approximately two months’ salary. However, I have always advised my clients that the amount should be the range they are comfortable spending. Everyone, despite their income, has varying degrees of financial obligations. Login for more...