How Much to Spend on an Engagement Ring?

It’s one of the biggest questions when planning a proposal: How much should you spend on an engagement ring? You want it to be meaningful, beautiful, and within your budget. The good news? There’s no one-size-fits-all answer—and that’s a good thing.

Forget the "3-Month Rule"

You may have heard the old adage about spending two or three months’ salary on a ring. While that may have once been a marketing myth, today’s couples are redefining what engagement rings—and their budgets—should look like. Your decision should be guided by your financial situation, your partner’s style, and your shared priorities—not outdated rules.

Start with a Realistic Budget

Before shopping, take a look at your finances and set a comfortable budget range. Engagement rings can range from under $1,000 to $10,000 and beyond. Factors that affect price include the quality and size of the diamond or gemstone, the type of metal, and any custom design work. Knowing your limits will help you shop smarter—and stress less.

Quality Over Size

A thoughtful, well-crafted ring that suits your partner’s style will always shine brighter than one chosen for size alone. At Van Adams Jewelers, we help you find the best value for your budget by focusing on cut, clarity, and overall beauty. Sometimes a slightly smaller, higher-quality stone is the more dazzling choice.

Consider Lab Diamonds or Gemstone Alternatives

Looking for more sparkle for your spend? Lab-grown diamonds and colored gemstones offer stunning beauty at a lower price point. They’re growing in popularity—and they don’t compromise on style, meaning, or impact.

Invest in What Matters Most

An engagement ring is a symbol of love—not a test of how much you can spend. What matters most is that the ring reflects your relationship, your values, and your future together.

 

Let’s Find the Ring That’s Right for You

At Van Adams Jewelers, we believe every love story deserves a perfect ring—no matter the budget. Our experienced team will walk you through your options and help you choose or design a ring that fits beautifully, both in style and cost.

? Schedule a Private Consultation or Explore Our Engagement Rings