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How Much Should You Shell Out For An Engagement Ring?

January 27, 2017

There can be numerous elements that influence what an engagement ring costs.Though conventional standards suggest investing 2 to 3 months’ salary on a ring, many couples are now challenging the old guidelines and taking more individualized methods.

Remaining within your budget and purchasing something that can be treasured for many years to come can be a bit tricky. Some experts that it is a smart strategy to buy in size that is slightly under the size you are considering. For example, instead of a full carat ring, which sells at a premium rate, buy a 0.9 carat ring instead. These non-standard weights can decrease the expense of a ring considerably and have a little noticeable distinction in look.

A recent research study estimates the typical price of an engagement ring is $5,855. Still, there are no set rules. How much you need to invest in an engagement ring will largely be dictated by your financial circumstance and exactly what kind of ring your partner desires.

Finally, if you are looking for something economical however still stylish, a cubic zirconia engagement ring is a good option. For many people, it can be almost impossible to compare phony and real diamonds, and the difference in price is highly considerable.

If you find yourself part of the average that can afford a $6,000 ring, then you will likely be looking for rings that fulfill specific requirements of quality when it concerns the cut, color, clearness as well as the carat weight, often described as the 4Cs grading system.

Buying an engagement ring is the very first of many choices you’ll make when planning a wedding event. Ensure to secure your big day with wedding insurance, which supplies liability coverage and helps protect you from potential financial loss in the event that you have to cancel or reschedule your wedding

Engagement rings with greater diamond grades usually have a greater carat weight and they are flawless. These rings tend to be of exceptional quality and more expensive. In truth, rings of this quality can be the most pricey engagement rings you can buy, costing between $500,000 and $8 million dollars.

How much you invest in an engagement ring, will indeed be based upon your personal monetary circumstances. Start with something that you can afford, even if it isn’t your dream ring.  After all, as you build your life together and you can afford more, you can always upgrade your wedding ring down the road.

Categories: Insurance Tips & Advice

Gloria Alvord is a Trusted Advisor with an insurance agency in Sunnyvale, California, offering numerous insurance products. For over 30 years, Gloria Alvord and her team continue to be regarded as a valuable resource to their clients and to residents of California.

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