S/O: how much was your engagement ring?

noodle_oo

The post about judging engagement rings got me curious:  are people willing to share how much their engagement rings cost?  (no judgement here, I'm just wondering what is the norm/average).

[Deleted User]

Mine (sapphire and white gold) was about $150, plus $30 or so to have it resized. We got it online during a clearance. We had no money at the time and I wanted something really small (I hate wearing rings) so it was perfect. We figure we'll get matching wedding bands for our 5 year (my dad had these awesome custom bands designed for his and we want somethign similiar) so after that I probably won't wear it anymore anyway.

Calumet

Our was an heirloom so I wrote $0

It's a 3/4 carat solitaire of high quality on a gold band which I LOVE, but I think is probably an inexpensive/lame ring by a lot of people's standards. I have no idea how much it would have cost.

GreenPepperBurger

The ring that my BF and I like is in the $5-10K range, but we're still shopping around.

InferiorToKaos

My ring was only $800 something, and the wedding band was like $300 something.  The only other ring I was even remotely interested in getting was a completely custom ring with colorless and black diamonds, and that would have been $1800

Kristin&eric

mine was custom and i think it is a little under $4000. I love it soo much. It didn't come with a wedding band. My ring is a lil under a carat the center stone is .5 carats but it nearly perfect.

shoegal715

I want to see a picture of that $15,000 - $20,000 ring! 

sgervais88

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:b5d13cad-9778-4b9d-91db-30c797467b34">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]I want to see a picture of that $15,000 - $20,000 ring! 
Posted by shoegal715[/QUOTE]

This :)

Mine was a little over $2500 and I couldn't be happier!

Amivy06

I'm not sure exactly what mine cost, but when FI and I were looking I remember the rough price of the ring without the diamond and it was about $3,500. I'm guessing the total cost of my ring with the diamond was over $5,000.

Xtine22

Not sure don't care. But mine was given to FI years ago by his grandfather (who was a jeweler) and then gave it to his grandmother she did use it for some reason or another. So it was put aside for FI to use as an engagement ring  So that means more to me to me then ANY amount of money he would have spent..

K Byte

I have no idea, and I'm not allowed to know, and I'm ok with that!

Blueyed228

I just got mine appraised.  They said it was worth a little over 23K.

Center stone is a 2.6 flawless round and there are 75 mini diamonds around it.  Total weight is about 3.5 or so.  Set in white gold.

angel2210

Mine was $750 and I LOVE it.

quotequeen

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding%20BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:12f66a7c-7550-45f7-bb19-a1e0320a0379">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]I just got mine appraised.  They said it was worth a little over 23K.
Posted by Blueyed228[/QUOTE]

That doesn't necessarily mean that much.  My appraisal is for ~70% more than FI actually paid for my ring.

Blueyed228

I know.  The sales slip said 21K.

luckyme502

If the sales slip said 21k and it appraised for 23k, that is not a very good deal.  My ring appraised for more than double what we paid for it.  Generally, rings appraise for 50% to 100% more than you pay for them.  Was it a Tiffany ring?

Lyss5782

For those who dont know how much their ring was...did you not insure your rings?  I had to ask FI for the info so that I could add it to our policy. 

shoegal715

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding%20BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:c192b9f2-1671-4284-bf3c-5d8786420e4c">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]For those who dont know how much their ring was...did you not insure your rings?  I had to ask FI for the info so that I could add it to our policy. 
Posted by Lyss5782[/QUOTE]

<div>Great question. </div><div>
</div><div>I wouldn't be able to sleep at night if my ring wasn't insured. My premium is a mere $54 a year. We put it on our home insurance.</div>

shoegal715

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding%20BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:e108888b-f892-4210-a3aa-dc8607ff6175">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]If the sales slip said 21k and it appraised for 23k, that is not a very good deal.  My ring appraised for more than double what we paid for it.  Generally, rings appraise for 50% to 100% more than you pay for them.  Was it a Tiffany ring?
Posted by luckyme502[/QUOTE]

<div>+1. My appraisal was more than double what my ring cost.</div>

GreenPepperBurger

Diamonds appreciate, and will always go up in value. A ring that's worth $23K now will be worth more down the road.

TurtlesAllTheWayDown

I know exactly how much mine cost because FI bought it as soon as I picked it out. They then sent it in for resizing and he picked it up a few days later. It cost as much as my first car. (Used car, FYI.) He paid in the $2501-$5000 range, but it's appraised and insured in the $5,000-$10,000 range.

I went to college with a guy who said he would NEVER propose to a girl until he had at least $20,000 for a ring. He was kind of a tool.

luckyme502

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:146c7fe4-da3a-4bcc-a7f1-56d7c9898392">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]Diamonds appreciate, and will always go up in value. A ring that's worth $23K now will be worth more down the road.
Posted by GreenPepperBurger[/QUOTE]

I don't know who told you that, but that is not true.  I

mica178

I don't know how much my ring cost.  My FI insured it himself so I wouldn't find out.  But I have an idea of how much it cost based on its size, clarity, cut, etc.  

Blueyed228

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:e108888b-f892-4210-a3aa-dc8607ff6175">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]If the sales slip said 21k and it appraised for 23k, that is not a very good deal.  My ring appraised for more than double what we paid for it.  Generally, rings appraise for 50% to 100% more than you pay for them.  Was it a Tiffany ring?
Posted by luckyme502[/QUOTE]

No its not a Tiffany.  He had it custom made and for the smaller diamonds around the band he wanted actual diamonds not chips so he changed those out.  So maybe he paid more for customization?

Also it was appraised for Retail Replacement Value through the jeweler so maybe thats why.  I need to add it to my homeowners insurance and assume that will require an additional appraisal so I guess I will have to wait for that one.

But, if you ring is appraising for 2-3x what you paid for it, aren't you paying more on your insurance premium for it?

quotequeen

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding%20BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:8fb2a70a-f0ba-4a60-b54c-24eb0e1abaec">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]In Response to Re: S/O: how much was your engagement ring? : No its not a Tiffany.  He had it custom made and for the smaller diamonds around the band he wanted actual diamonds not chips so he changed those out.  So maybe he paid more for customization? Also it was appraised for Retail Replacement Value through the jeweler so maybe thats why.  I need to add it to my homeowners insurance and assume that will require an additional appraisal so I guess I will have to wait for that one. But, if you ring is appraising for 2-3x what you paid for it, aren't you paying more on your insurance premium for it?
Posted by Blueyed228[/QUOTE]

Replacement value is the standard for appraisals.  And you don't have to insure it for the full amount of the appraisal if you don't want to, you could choose to insure it for the amount you actually spent instead, just not more than the appraisal.

sarah0725

Mine was about $200, and it makes me so happy that we didn't spend more.

HilaryH1231

I believe my ring was around $27k...3 carat center stone with half eternity band.

Lyss5782

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:99493487-2f29-494d-a8fd-b941fb0af445">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]I believe my ring was around $27k...3 carat center stone with half eternity band.
Posted by HilaryH1231[/QUOTE]

Picture??? :) 


ETA: Because I like looking at people's rings...not because I need proof. 

brookelynpaisley

Mine set is moissanite. The e-ring was $1200, the wedding band was $800. The two together total 3.5 carats.

luckyme502

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_etiquette_much-engagement-ring?plckFindPostKey=Cat:Wedding BoardsForum:9Discussion:56e41bab-27ad-486b-b9fb-decb37889853Post:8fb2a70a-f0ba-4a60-b54c-24eb0e1abaec">Re: S/O: how much was your engagement ring?</a>:
[QUOTE]In Response to Re: S/O: how much was your engagement ring? : No its not a Tiffany.  He had it custom made and for the smaller diamonds around the band he wanted actual diamonds not chips so he changed those out.  So maybe he paid more for customization? Also it was appraised for Retail Replacement Value through the jeweler so maybe thats why.  I need to add it to my homeowners insurance and assume that will require an additional appraisal so I guess I will have to wait for that one. But, if you ring is appraising for 2-3x what you paid for it, aren't you paying more on your insurance premium for it?
Posted by Blueyed228[/QUOTE]

Yes, which is a flaw in the whole appraisal/insurance of jewelry system. 

HilaryH1231

@Lyss5782: I have yet to figure out how to do a PIP since the change in the format of the knotboards. I'll try to figure it out! I'm sure there's a tutorial around here somewhere..