Wednesday, November 04, 2009

Engagement Rings - How to Shop for an Engagement Ring

December is on its way - and with that - engagement season is quickly approaching. (more couples get engaged in December than any other month). As I write this, guys out there are furiously searching the web, trying to gain as much possible about making that all-important engagement ring purchase. OK guys - this is for you. It’s best to face every big purchase equipped with a little savvy. Here’s what you need to know about engagement rings before you start shopping.

First – A Primer on Engagement Rings Cost

The two-months salary convention is a common starting point, but in reality, the ring’s cost should be what the couple can afford without going into major debt. Cost varies for a lot of reasons – especially when diamonds are involved. Carat size is just one factor. In fact, a one carat center stone can cost anywhere from $1000 to $20000. Choice of metal also affects the bottom line; there’s a significant cost difference between a setting of sterling silver and one of platinum – anywhere from a few hundred to over a thousand.

With that said, the average cost of an engagement ring in the U.S. is between $3,500 and $4,000. (according to Our engagement ring savings guide offers many useful tips to get costs down.

Now - you can put together the perfect diamond engagement ring with these three easy steps found in this complete engagement rings guide.