How much should you spend on an engagement ring? Here’s what to know when shopping for a ring — and how you can save some money without sacrificing quality.
As news broke this week that the Amazon AMZN founder and third-richest person in the world was engaged to media personality Lauren Sanchez, all eyes were on the ring that helped Bezos seal the deal.
That’s just a drop in the bucket for Bezos, of course, whose net worth hovers around $138.8 billion, according to Forbes. And that old rule of thumb about spending three months’ salary on an engagement ring has been widely condemned as outdated and overpriced. A 2019 New York Times piece suggested more people were going with two weeks’ salary.
“We recommend using these numbers as a general guideline to serve as a basis to understanding what other people are paying,” Hanlon said. “And then you can use that to really understand your financial situation and find a number that works for your budget.” Set a budget — together. Deciding what to spend on an engagement ring is a personal decision that’s going to be different for every couple, but many wedding-industry experts caution against going into debt over it — especially if you’re already paying off student loans and perhaps also saving up to buy a home or start a family. If you’re planning to spend the rest of your lives together, then it’s important to be on the same page when it comes your finances.
“The good news is that there are so many resources online,” Hanlon said. “But check out [a jeweler’s] social media, read the comments … make sure the brand has great reviews.” Color, meanwhile, is a personal preference, so see what your partner thinks about sliding away from that pricey colorless D tier. And when it comes to carats, while a 2-carat diamond and a 1.8-carat diamond are going to look almost identical, cutting off that 0.2 carat can shave down the price by up to 20%. This tactic of buying a stone just shy of a whole-carat weight is called “buying shy” in the biz. “A jeweler can walk you through this,” Hanlon said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lauren Sanchez shows off massive engagement ring on Jeff Bezos’ $500M yachtAn expert from Rare Carat tells Page Six that the massive diamond sparkler is around 20 carats and cost the Amazon founder roughly $2.5 million.
Leer más »
Jeff Bezos, Lauren Sanchez ‘all over each other’ after 20-carat diamond proposalThe two partied in Cannes with the film world elite to celebrate Bezos, 59, popping the question with a 20-carat diamond to Sanchez, 53.
Leer más »
Jeff Bezos and Lauren Sanchez Are EngagedAmazon founder Jeff Bezos and journalist Lauren Sanchez have been dating for about four years.
Leer más »
Jeff Bezos engaged to girlfriend Lauren Sanchez, reports sayJeff Bezos split from his ex-wife MacKenzie Scott in 2019 after 25 years of marriage. The reports that him and his girlfriend are engaged after she was seen wearing a ring of her left hand.
Leer más »