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      January 21, 2018

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How Much Should You Spend on a Wedding Ring?

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How Much Should You Spend on a Wedding Ring?

Are you thinking about getting married? If so, congratulations! However, whether youíve already popped the question or are just thinking about it, thereís a lot of things to consider. You have to find a venue, a band, book a caterer, get a cake. The list goes on and on. In all the hubbub though, donít forget to get your wedding rings!

Out of your entire wedding budget, you should spend about 3-5% on your wedding bands. This will ensure you get nice, matching bands that donít break the bank but still look lovely for the both of you.

About Engagement Rings

When youíre asking yourself how much should you spend on a wedding ring, however, youíre more often than not thinking about engagement rings. Engagement rings tend to be quite a bit more expensive and extravagant. That being said, just because there are certain ďrulesĒ or averages quoted on wedding websites doesnít mean you have to stick to them. What follows is just a guide of what is currently considered the ďnormĒ in terms of cost of engagement and wedding rings.

You might have heard this one: an engagement ring should cost as much as two months of your salary. Yes, that is the old ďruleĒ when it comes to determining your budget for the ring but donít let this hold you down. If this is just too much for your budget (and donít worry, it is for many people) donít feel pressured to buy outside of your means. Instead, opt for a ring that fits more within your budget. The engagement ring is just one part of what youíll be spending soon. Weddings themselves are quite expensive, so please try to keep that in mind.

Buying Options

If you have money saved up for a ring, that is the ideal situation. You see, if you buy a ring on credit, youíll be paying that off for several months. This means itís highly likely that youíll be married and your incomes will be combined before that debt is paid off. This creates the very real possibility that the recipient of the ring will be helping to pay off that debt, which doesnít seem right.

The less debt you accrue, the better, when it comes to wedding planning and starting out your lives together. Do you really want to begin your married lives buried in debt?

So, the answer to the question of how much you should spend on a wedding ring really comes down to personal preference and budget. Yes, the old rule is to spend two monthsí salary but thatís just not very realistic for a lot of people nowadays. Instead, opting for a more reasonable amount or even using an heirloom ring are more preferable options.

Additionally, itís important to differentiate between a wedding ring and engagement ring. Typically, youíll spend less on wedding bands than you would on an engagement ring but itís up to you. Remember: this is your big day weíre talking about. Do what feels right for your situation.

The Marriage Is Over, but the Jewelry Is Mine

Diane Lloyde Roth met, and married, her Prince Charming. He turned into a frog. Prince Charming No. 2: Frog. Prince Charming No. 3: Frog. After Ms. Roth's third divorce, she sold a Harry Winston band that Frog No. 3 had bought her and purchased three ...

Published:  Sat, 20 Jan 2018 20:06:00 GMT



How drug lords make billions smuggling gold to Miami for your jewelry and phones

When Juan Granda ventured into Peru's Amazon rainforest to score another illicit load of gold, he boasted that he felt like legendary Colombian drug lord Pablo Escobar. "I'm like Pablo coming ... to get the coke," he told two co-workers in a text ...

Published:  Sun, 21 Jan 2018 00:06:00 GMT



Thieves smash display cases at Houston store, make off with $2M in jewelry

Police in suburban Houston are looking for two bandits who got away with more than $2 million worth of jewelry. The brazen smash-and-grab robbery on Jan. 10 was all captured on the store's surveillance video. In the video from Hutton's Jewelry & Gifts, a ...

Published:  Fri, 19 Jan 2018 19:21:00 GMT



2 sought in $2M jewelry theft from Sugar Land store

Police are looking for two men who stole jewelry valued at $2 million from a Sugar Land store. The men are seen on surveillance video Sugar Land police released on Thursday from the Jan. 10 heist at Hutton's Jewelry & Gifts. Police are looking for two men ...

Published:  Fri, 19 Jan 2018 08:27:00 GMT



Cameras capture brazen break-in at jewelry store

WEBVTT THE SUSPECTS GOT IN BY CUTTING AHOLE THROUGH THE ROOF.FOR THIS SUSPECT IT WAS ABURGLARY FAIL.HE BROKE INTO THIS MONTGOMERYJEWELRY STORE ONLY TO BESTARTLED BY THE ALARM AND BROKEOUT.AS YOU CAN SEE, THE ESCAPEPROVED TO BE A LITTLECHALLENGING.AT FIRST ...

Published:  Fri, 19 Jan 2018 14:49:00 GMT



More Than 1,000 Jewelry Businesses Shut in 2017

RAPAPORT... The US jewelry industry continued to downsize in 2017, with 26,031 businesses operating at the end of the year, down 3.8% from the previous year, the Jewelers Board of Trade (JBT) reported. Some 1,022 jewelry companies closed during the year ...

Published:  Sun, 21 Jan 2018 07:28:00 GMT



Stolen Jewelry Found at Harrington Pawn Shop

HARRINGTON, Del.- A Harrington man was arrested for selling stolen property. According to the Harrington Police Department, 29-year-old Cameron J. Calvert sold stolen jewelry from a family member and sold it at a Dover pawn shop. Through investigation ...

Published:  Fri, 19 Jan 2018 13:03:00 GMT



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