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?