Engagement Rings and Diamonds - What Price for a Diamond Engagement Ring

Engagement Rings and Diamonds - What Price for a Diamond Engagement Ring

Ask the question, “How much should be spent on diamond engagement rings?” and you’ll be given a fairly standard answer: two months’ salary is a good amount. It’s true; it is a good ballpark figure. Whether you pick a Princess Cut engagement ring a Three Stone engagement ring or a traditional Round Brilliant solitaire you should try to keep you budget in the same ballpark.

Interestingly you may get a slightly larger diamond for your budget if you choose a Princess Cut Diamond for your engagement ring compared to a traditional Round Brilliant Diamond.

Diamond engagement rings are about lifelong commitment - they represent financial and romantic investment and beautiful diamonds are worth paying for.

Of course, what represents two months’ salary will vary enormously from person to person. Indulge your fantasies about diamond engagement rings for a moment. Imagine money was no object; that you could spend as much as you liked. How far could you go?

What are the most expensive diamond engagement rings in history?

What are the most expensive diamond engagement rings in history?

Amusingly Princess Diana chose an elegant diamond and sapphire engagement ring, as opposed to the more fitting Princess Cut Engagement Ring, costing £30,000 in 1981. Even more impressive on the scale of fabulous diamond engagement rings was the $1 million ring given to Melanie Knauss by Donald Trump. Actress Elizabeth Taylor is renowned for her love of diamonds and, having been married eight times, her collection of diamond engagement rings is impressive. She’s also famous for the Taylor-Burton diamond which she sold for $5 million in 1978!

Fun though it is to read about the fantastical world of the rich and famous, not many of us will be looking to spend more on our diamond engagement rings than we ever would on our homes. And let me stress at this point that the purchasing of diamond engagement rings should not be about creating a huge debt. It is, of course, possible to spend millions but, equally, with some careful research and the right retailer, it is also possible to shop within your own personal budget. No harm in using the stars for inspiration though! Personally, I’d opt for a Princess cut diamond engagement ring which is better value for money just like the engagement ring of Belgium tennis star, Kim Clisksters.