Wedding Etiquette Forum

Engagement gifts from parents

So my fiance and I keep going back and forth on this and I feel I am right. Someone please tell me if I am right or my fiance!

So my fiance told me my parents are supposed to buy him an engagement gift. I have never heard this before. I know the bride is supposed to buy the groom an engagement gift but not the brides parents. 

Am I correct or is he?
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