Traditionally, a man should save two months salary to spend on a wedding ring. However, as traditions around marriage are changing, this number is becoming flexible, and couples can spend any amount they wish on a wedding ring.Know More
According to the New York Times, the idea of spending two months salary on a wedding ring was introduced to the world in the 1980s by the diamond company De Beers. Five decades earlier in the 1930s, this same company ran an advertising campaign that brought the idea of wearing a diamond ring as an engagement ring to the masses for the first time. Although engagement rings had been popular since ancient times, diamonds were just becoming a part of that trend.
In 2012, couples spent an average of $4,000 on engagement rings and an additional $1,500 on wedding bands. This number is $1,317 less than the average couple spent on engagement rings in 2006. When deciding how much to spend on an engagement ring, couples should not just think about averages or about traditional amounts. Instead, they should fully consider their current financial obligations and debt load. They may also want to weigh the benefits of investing that money into a retirement account instead of buying a ring. According to Forbes, shoppers can often find less expensive rings if they are willing to shop around.Learn more about Rings
Most jewelers and jewelry stores offer resizing as one of their services. If a ring was purchased at a specific store or location, resizing may be included in the warranty offered with the ring.Full Answer >
A 14K ring that is stamped .585 indicates that 58.5 percent of the ring's content is pure gold. According to Diamond Jewelers, the remaining 41.5 percent is a metal alloy, which is a stronger metal mixed with the gold to provide support for gems, resist bending and limit scratching.Full Answer >
Platinum engagement rings can be resized, just like other rings although the service may cost more because of the skill and the materials required for the job. Unlike gold, platinum is harder to work with because it has a higher melting point and requires a different set of tools for resizing. Using the same tools used for resizing gold rings on platinum will cause discoloration in the metal.Full Answer >
To find a good 1-carat engagement ring, a person needs to understand the four "Cs," carat, cut, clarity and color. If a diamond is not the only stone the person is interested in, there are alternatives such as birth stones or heirlooms that can be considered.Full Answer >