How much should you spend on an engagement ring?

The moment you propose to your partner is one of the most significant in life. But before the big proposal, many people ask themselves an important question: How much should one actually spend on an engagement ring?

The short answer: There's no fixed rule. Nevertheless, there are some guidelines and traditions that can help with budget planning.

The "3-Month Salary Rule" Myth

One of the best-known rules of thumb suggests that an engagement ring should cost about two to three months' salary. This idea originally stemmed from a marketing campaign in the 1930s designed to popularize diamonds.

Today, however, many consider this rule outdated. Modern couples make more individual decisions and tend to base them on their own financial means and priorities.

How much do people actually spend?

In Europe and German-speaking countries, actual expenditures are usually significantly lower. Many buyers fall into the following price ranges:

From €500 – €1,000
Common average for simple, elegant rings

Trilogy Lab-grown Engagement Ring for €990

From €1,000 – €3,000

Popular range for high-quality diamond rings

ELARA Engagement Ring with Natural Diamond for €2499

€3,000 & more:
Luxury models or custom designs

Maple Leaf Diamond Engagement Rings with Natural Diamond

Studies show that many people generally invest between €1,500 & €5,000, with the price largely depending on material, diamond size, and design.

More important than price: The meaning of the ring

An engagement ring is much more than just a piece of jewelry. It symbolizes love, trust, and the beginning of a shared life. Therefore, in the end, it's not the price that matters, but:

• the partner's personal style

• the quality and craftsmanship of the ring

• the history and meaning it holds for you

Many couples consciously choose a ring that perfectly suits the personality - regardless of the budget.

Conclusion

There is no "right" amount for an engagement ring. While three months' salary was once the benchmark, the actual average today is usually lower.

The best rule therefore is:
Choose a ring that fits your budget - and the person who will wear it for a lifetime.

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Our personal tip

Set a budget that you feel comfortable with.
An engagement ring should bring joy – not create financial pressure.

At Barry's Juwelier, we are happy to help you find the right ring. Whether it's a classic diamond, modern style, or custom design: Together we will find the ring that perfectly suits you.