How Much Should An Engagement Ring Cost?

Lara Bingle’s was $200,000 and Miranda Kerr’s is rumoured to be between $65,000 and a whopping $520,000 – but there’s no need to panic because new research released today from oo.com.au has revealed most Australian women are actually thinking more about their financial future and less about the size of the diamond when it comes to engagement rings and expensive jewellery.

70% of Aussie women say they would still like a great looking engagement ring, but would prefer guys not to splash out on a really expensive rock so they can put the extra money towards saving for a house deposit or a honeymoon.

44% of Australian women would like whatever their partner decides when it comes to engagement rings but 65% of Aussie men don’t feel confident when purchasing jewellery and either always ask for assistance or find buying it intimidating and confusing.

So how much should an engagement ring cost?

Mark, 25, from NSW says, “I thought it was supposed to be three months pay. I don’t think my girlfriend would be happy if it was any less than that. Women seem to be so competitive when it comes to the size of their rock these days.”

But Jo, 30, from WA disagrees saying it should be whatever guys can afford. “An engagement ring’s worth is in its sentimentality, not in its size,” he adds.

So what do you think? How much should an engagement ring cost?

For engagement ring trends click here



What do you think?

 
  • Amanda
    14 days ago

    It depends on what social circle they hang around. Men are just as in compition. Russ my partner made sure he found a platinum ring with the biggest diamond he could afford. Then he got the wedding band made with pink sapphires that look like pink diamonds. Then he said that in the future he would change the engagment diamond to a bgger one in the future. I think it is such a waste of money. His dad has a circle of friends that he and himself are weathly and their wives have big cracker diamond sparklers.

  • Alkie
    October 2010

    3 months pay seems reasonable to me.

  • Katie62
    September 2010

    i think it should be what the guy can afford. If the girl can't respect his finacial status then maybe she doesn't deserve the ring.

  • Shannon Brierley
    September 2010

    I think you have to ask what the girl thinks in advance so that you know exactly what she wants

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