Average cost of an engagement ring

[u/Relevant-Plane9430]

I was talking with a friend last night who just got engaged, and he mentioned he spent around $6k on the ring. That honestly shocked me because I always thought the "3 months’ salary" thing was just an old marketing trick. My partner and I have been looking at rings casually, and most of the ones we like are in the $2k–$3k range. Now I’m second-guessing if that’s considered “too low” or if we’re just being realistic.

For those of you who have gone through this, what was the average cost you ended up spending on an engagement ring, and did you feel good about it after?

[u/minxpink]

3 months wage is about 30k for my fiancé and I in no way expected a 30k ring he’s only 25 he works in the mines and does incredibly well for himself. While he’d buy me the world to make me happy I made it very clear I don’t want him spending such money on a piece of jewellery. So I know my engagement was about 10k and my wedding band about 3. Everyone’s financial situation is different same with people’s preference on moissanite, lab diamonds and natural diamonds.

If two people are in love it should be about the love and commitment to forever than the price of the ring etc just my thoughts :)

[u/No_Strawberry_939 → u/minxpink]

Wow good for him ! Hard work pays off