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How much does the AVERAGE guy spend on a wedding ring?
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204Waker
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PostPosted: Feb 15, 2005 10:48 am    Post subject: How much does the AVERAGE guy spend on a wedding ring? Reply with quote

K, i was just hearing sumthin on the radio, and was just gonna ask you guys.
How much does the AVERAGE guy pay for a wedding ring. I'm not talkin the guy who lives on welfare or the guy on the top floor with a corner office, but how much does the average guy pay?
My guess would be 3-5 grand? thats a wild guess.
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Nor*Cal
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PostPosted: Feb 15, 2005 10:49 am    Post subject: Reply with quote

2 monthes salary right?
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PostPosted: Feb 15, 2005 10:50 am    Post subject: Reply with quote

I'd say that is a fair estimate. I would shift it a bit to 1500-4000 depending on his financial situation.
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PostPosted: Feb 15, 2005 10:52 am    Post subject: Reply with quote

Nor*Cal wrote:
2 monthes salary right?


I wonder if a man or a woman made up that rule. Rolling Eyes
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79nawteak
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PostPosted: Feb 15, 2005 10:52 am    Post subject: Reply with quote

Quote:

2 monthes salary right?


Right, but do you mean an engagement ring or the actual wedding ring. Engagement ring I bought was 5k on the dot, wedding ring I dont know because I didnt make it to the actual hanging (marriage) before she met someone else I sold the ring and put all the money towards my boat

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PostPosted: Feb 15, 2005 10:54 am    Post subject: Reply with quote

79nawteak,

I'm 21 next week and I couldn't imagine getting married at this time in my life.
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PostPosted: Feb 15, 2005 10:57 am    Post subject: Reply with quote

I spent around 5,400
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204Waker
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PostPosted: Feb 15, 2005 10:58 am    Post subject: Reply with quote

79nawteak wrote:
Quote:

2 monthes salary right?


Right, but do you mean an engagement ring or the actual wedding ring. Engagement ring I bought was 5k on the dot, wedding ring I dont know because I didnt make it to the actual hanging (marriage) before she met someone else I sold the ring and put all the money towards my boat


Engagement ring sorry
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PostPosted: Feb 15, 2005 11:00 am    Post subject: Reply with quote

Holy crap! That is outragous! I honestly couldnt tell the difference between a real one and a fake one. I would rather have one that costs about $100 and spend the remaining money on something useful or fun... I hope that whoever marrys me knows me well enough to get me a cheap ring, and uses the rest of the money as a down payment on a boat or something. Chances are I would lose the ring anyways... To me, jewelry is incredibly overrated, what can you really do with it anyways?
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Neognosis
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PostPosted: Feb 15, 2005 11:01 am    Post subject: Reply with quote

I told my brother this when he was shopping for a ring:

You have to spend enough so that she'll be happy with the ring.

And if what you want to spend is way off from what you HAVE to spend to make her happy, rethink the whole thing and call it off, because at least one of you has a problem.

2 months salary is what the engagement ring people came up with, because they figured out it was the most they could get most guys to spend.

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PostPosted: Feb 15, 2005 11:01 am    Post subject: Reply with quote

I am guessing I will be in to it around $15K.
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PostPosted: Feb 15, 2005 11:03 am    Post subject: Reply with quote

Here here Crissylicious. A level headed comment about jewelry from a female under 21. Who would have thunk it?
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PostPosted: Feb 15, 2005 11:04 am    Post subject: Reply with quote

Crissylicous, you better get with the program, or you'll get kicked out of the club.
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PostPosted: Feb 15, 2005 11:05 am    Post subject: Reply with quote

A used Honda Accord
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PostPosted: Feb 15, 2005 11:06 am    Post subject: Reply with quote

No doubt - I hope that the girl I marry has the same mind set as Crisslicious Laughing Nevermind, if she doesn't then I probably won't be marry her. I'd probably spend a little more than a $100 though Laughing
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PostPosted: Feb 15, 2005 11:08 am    Post subject: Reply with quote

I have no problem spending some bucks on a nice ring.. This is something that she will hopefully have for a lifetime, and I don't want her wishing it were bigger/better/different.
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Neognosis
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PostPosted: Feb 15, 2005 11:10 am    Post subject: Reply with quote

That's cool, Churchy.

I wouldn't marry a girl who was wishing it was bigger/better/different.

See, though, it's about priorities and ideas and making sure yours match your mate's.

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204Waker
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PostPosted: Feb 15, 2005 11:11 am    Post subject: Reply with quote

I love google answers Very Happy
Quote:

Hello.

I've located six statistics on the average amount Americans spend on
engagement rings:

$3,044 (Bride's Millenium Report)
$2,982 (Bride's Magazine)
$2,909 (Modern Bride, as cited in Weddings for Dummies)
$3,576 (Conde Nast Bridal Group)
$3,165 (Modern Bride Magazine)
$2,807 (National Bride Service)




Sources:

"$3,044 is the average engagement ring cost. (Bride's Millennium
Report: Wedding Love & Money)."
From Wedding 2002: Trends and Trivia:
http://www.shopcherrycreek.com/infodesk/media/417.html

"Average wedding costs from Bride's Magazine...
Engagement ring $ 2,982 "
From Moneycentral:
http://moneycentral.msn.com/content/collegeandfamily/loveandmoney/p37097.asp


"...according to Modern Bride magazine, couples spend $2,909 on
average for an engagement ring,"
source: Weddings for Dummies, read using Amazon.com's search inside:
http://www.amazon.com/exec/obidos/tg/detail/-/0764550551/


"The average wedding costs $22,360, according to a study by the Conde
Nast Bridal Group, publisher of Bride's and Modern Bride. The most
expensive items are the reception, at an average cost of $7,630, the
engagement ring at $3,576... Reuters, June 1, 2002"
From: Lighten Up Online: "How much for a wedding?"
http://www.lightenup-online.com/lu/print64.html


I was able to locate an article from a trade publication, Jewelers
Circular Keystone, using a database available through my local public
library.

"The Diamond Marketing Group found that engagement ring prices
increased 13.2% and sales rose 12.1% in 1999 over the 1998 figure. The
group no longer releases its findings on engagement ring cost, but
other organizations have investigated spending in this area. Modern
Bride, Bride's, and NBS, for example, found the average
engagement-ring cost to be $3,165, $2,982, and $2,807, respectively."
source:
Jewelers Circular Keystone
"Are You Getting Your Fair Share of the Bridal Market?"
April 2001, pB2

The article also has some statistics from the Diamond Information
Center that you might find interesting. In 1999, 74% of brides-to-be
acquired a new diamond engagement ring. That includes 77% of
first-time brides and 67% of repeat brides.

-----

There's also pretty interesting paper, "Engagement Rings as Signals,"
available from some researchers at Rutgers. The research is based on
a survey conducted in Franklin County, Ohio, so it doesn't involve
national data, but you might find some of the statistics and
discussion to be interesting.
See: "Engagement Rings as Signals," by Lee Cronk and Bria Dunham
http://anthro.rutgers.edu/faculty/cronkdunham.pdf

(The document is in PDF format, so the Adobe Acrobat Reader is
required. If you don't have that, visit:
http://www.adobe.com/products/acrobat/readstep2.html )

------

search strategy:
"average engagement ring", cost
"average cost", "engagement ring"
"on average", "engagement ring"

-------

I hope this helps.
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ontrider
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PostPosted: Feb 15, 2005 11:12 am    Post subject: Reply with quote

Crissylicous wrote:
Holy crap! That is outragous! I honestly couldnt tell the difference between a real one and a fake one. I would rather have one that costs about $100 ?


Laughing , you aren't single by chance Crissy? Razz
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jt09
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PostPosted: Feb 15, 2005 11:14 am    Post subject: Reply with quote

Here's a link to this exact thread on another board I frequent. FYI - crayon1973 is a diamond dealer (and a personal friend of mine, FWIW) and knows his stuff cold.

http://forums.hornfans.com/php/wwwthreads/showflat.php?Cat=&Board=austin316&Number=3133248&page=0&view=collapsed&sb=5&o=0&fpart=

Here's another thread about diamonds that crayon1973 started a week or so ago that deals with quality, clarity, etc.

http://forums.hornfans.com/php/wwwthreads/showflat.php?Cat=&Board=quacks&Number=3117421&page=0&view=collapsed&sb=5&o=0&fpart=

TONS of good info.
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PostPosted: Feb 15, 2005 11:16 am    Post subject: Reply with quote

1-3 grand. Including engagement ring is what I would consider enough.

2 months salary? JESUSUSUSUSUSUS! I didn't get married until I was 35, that would've been around 4-5K! No Way In Hell!!!

If she wants that much of a ring, she ain't worth having.

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PostPosted: Feb 15, 2005 11:16 am    Post subject: Reply with quote

I bought the diamond from a diamond wholesaler and then he set me up with a guy who makes settings to your specifications and nothing else. I spent $8,000, and it appraised for $13,000. If you do a little leg work or know the right people you can get a great deal on diamonds.
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PostPosted: Feb 15, 2005 11:19 am    Post subject: Reply with quote

There's no such thing as a "great deal on diamonds" ...sorry.
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PostPosted: Feb 15, 2005 11:20 am    Post subject: Reply with quote

It's got to be a carot or you'll look like a chump. Remember what the first thing that women ask when they find out. "Can I see the ring." You don't want her to be embarrassed.
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PostPosted: Feb 15, 2005 11:21 am    Post subject: Reply with quote

I just bought a ring for about $6,200. I figured that to be the big exoense, but boy was I wrong. Plan for at least 20g for the wedding itself. If you do not have wealthy in-laws, plan on wedding expenses when deciding how much to spend on the ring.
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204Waker
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PostPosted: Feb 15, 2005 11:22 am    Post subject: Reply with quote

Do soem people take loans out for their engagement ring? Or iss it somethign they save for? Like if you walk into a diamond store and say i want to buy a 20 grand engagement ring, and pay monthly Razz do they let you? Or do you have to go to your bank?
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PostPosted: Feb 15, 2005 11:22 am    Post subject: Reply with quote

I read that Diamonds are worthless. Sort of.

They are artificially inflated because DeBeers only releases a small number of diamonds a year.

Due to new mining techniques, diamonds aren't even really that rare anymore.

If DeBeers folded and all their diamonds hit the market overnight, your 13K rock would be worth substantially less.

Diamonds are valuable, but artificially.

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PostPosted: Feb 15, 2005 11:24 am    Post subject: Reply with quote

Quote:

It's got to be a carot or you'll look like a chump. Remember what the first thing that women ask when they find out. "Can I see the ring." You don't want her to be embarrassed.


I say that if she's embarassed, then I wouldn't marry her.

But that's just me.

I love all these women who go around with 1.5 carot rocks with HUGE visible inclusions. People are so vain and stupid.

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PostPosted: Feb 15, 2005 11:26 am    Post subject: Reply with quote

Yes, the value of diamonds is artificially inflated, but to you and me. To her they are worth even more.
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PostPosted: Feb 15, 2005 11:27 am    Post subject: Reply with quote

I've heard the same thing as CB. Diamonds would be worth about the same as peanuts if the supply wasn't being artificially limited by the diamond industry. Diamonds aren't really that rare at all, it's just that the people who mine them control things tightly.
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PostPosted: Feb 15, 2005 11:27 am    Post subject: Reply with quote

204Waker, Some stores have financing. When buying diamonds remember rule number one: Stay out of the Mall.

cameraboy, I met a girl in the Debeers family, damn I wish I would have befriended her.

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204Waker
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PostPosted: Feb 15, 2005 11:29 am    Post subject: Reply with quote

I knwo a guy who married a rich girl, and he wanst rich. He was handed a million dollar house, and 2 vehicles, once for each of them. He knew this before he was getting married, so he spent 40-50 grand on the engagement ring. He figured why not, no house or car payments, so i can make a ring payment Surprised Very Happy

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PostPosted: Feb 15, 2005 11:29 am    Post subject: Reply with quote

Rule of thumb #2 - size up the girl before the ring.
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PostPosted: Feb 15, 2005 11:31 am    Post subject: Reply with quote

204Waker, That's ridiculous, even if it's Canadian

Quote:

I love all these women who go around with 1.5 carot rocks with HUGE visible inclusions. People are so vain and stupid.

Cut then clarity then carat

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PostPosted: Feb 15, 2005 11:32 am    Post subject: Reply with quote

jryoung, well think about it, your handed everything, startin FRESH, with no mortgage or car payment, making 60 G a year. Why not haha
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