Things You Need to Know Before Buying an Engagement Ring

Engagement Ring

When you are ready to pop the question, one of the most important decisions you will make is what ring to buy. With so many options out there, it can be difficult to know where to start.  An engagement ring symbolizes love, commitment, and marriage. You must put effort and time into bringing out the right shine and glory. The eternal shine of your ring amply conveys your everlasting love. Considering buying an oval morganite engagement ring that matches your personality and gives you ethnic appeal is critical.

How much should I spend on an engagement ring?

This is probably the most common question when it comes to engagement rings. And unfortunately, there is no one-size-fits-all answer. The amount you spend on an engagement ring should be based on your own financial situation. If you have a limited budget, don’t feel like you have to spend a fortune just because that’s what society tells you. There are plenty of beautiful and unique engagement rings Sydney out there that won’t break the bank.

There is a widely held, oft-repeated, rule of thumb, however: spend at least two months’ salary. But, again, this rule might not be for everyone.

Let’s take a look at what Aussies are actually spending on engagement rings, according to a recent survey conducted by Diamond Port.

  • 67K salary: $5,800
  • 92K salary: $9,300
  • 177K salary: $15,600

As you can see, the trend seems to be that Aussies are spending more in the vicinity of one month’s rent, as opposed to two.

In the end, how much you spend on an engagement ring is entirely up to you. If you have a solid financial foundation and are comfortable spending two or more months’ salary, then by all means do so! The most important thing is that you and your partner are both happy with the purchase.

What style should my engagement ring be?

While this really is a question that only you can answer. There are some popular go-to’s within the Aussie market. Diamond Port’s survey revealed that just short of half of respondents indicated that their engagement ring preference was a diamond in a white gold setting, with a diamond and yellow gold setting clocking in 2nd place with a quarter of respondents.

As for the specific stone setting, the popularity ranks showed an almost equal three-way preference between Halo, Center Stone and Solitaire. Though Halo came out marginally on top.

But again, the style and setting of the ring you purchase depends on your personal style, taste, and preferences. Do you prefer classic and timeless styles? Or are you drawn to more modern and unique designs?

The Takeaway

When it comes to engagement rings, there is no right or wrong answer. It all comes down to what you and your partner prefer. With that said, there are a few things you should keep in mind when making your purchase. First, consider your budget and what you are comfortable spending. Second, think about the style of ring you would like. But this, of course, is only the tip of the iceberg. There’s also the matter of the stone itself, not to mention the size of the ring! So do a bit of research and find what works best for you and your fiance.

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