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How much to spend on an engagement ring?

13

Posts

  • QuantumTurkQuantumTurk Registered User regular
    Things to note, I am not married! Nor have I ever proposed!
    But what my parent's did anyway, (and this is the ring my mom has worn every-day since) is they talked about what she wanted (she honestly found diamonds boring, so they got a nice sapphire set off by some small/tiny diamonds around it) and in their case, went out and picked out rings together. It was not "her telling him what she wanted." They both had opinions, and brought how they felt about each other into the process and discussed symbolism in the ring. To ME at least this sounds quite sweet.
    Maybe my mom was a real exception, I don't know. Verrrry traditional couple otherwise. Dad as breadwinner, mom as stay at home (even past me going to college etc.)

    I'd also say, that so long as you pick out what you feel to be "the right ring" in whatever a reasonable budget is for you, it will be great. It is not as though you leave the receipt in the box. Unless she wants that, in which case I think you'd have been out of there by this time anyway.

    I wont argue with Priest that DeBeers is very good at what they do, but I have found in my age group at least, there is a strong correlation with education/liberalism and decreasing demand for a diamond ring. So perhaps things are shifting, or this just says more about my peers than women at large.


  • PriestPriest Registered User regular
    edited May 2012
    Priest, you just gave a lot of very good facts and were for the most part unbiased when I rule out the salesman talk strewn about that post....

    ...having said that, I want you to show me source where the average engagement ring costs 5 thousand dollars.

    I'm sorry if I said "average cost." What I meant is "The average customer at my store pays"

    Although!
    This group says $3000 for the Engagement Alone.
    ABC quotes $4750 on average for an Engagement Ring.
    This site says $5200 for just the Engagement
    JCK & The Knot (The most industry respected, but, again, salespeople) say $5200 for just the Engagement

    Of those, ABC and JCK being the most respected.

    Priest on
  • DeebaserDeebaser Way out in the water See it swimmin'?Registered User regular
    I wont argue with Priest that DeBeers is very good at what they do, but I have found in my age group at least, there is a strong correlation with education/liberalism and decreasing demand for a diamond ring. So perhaps things are shifting, or this just says more about my peers than women at large.

    I am skeptical of this, because I have noticed as a slightly aged, educated liberal that the girls that were all "OMG I WOULD NEEEEEEVVVVEEERRRR WEAR A DIAMOND" in college wound up rocking blinged out engagement rings when their time came.

    Similarly, a former anti-chocolate campus crusader served a fucking fondue fountain at her last party. I guess what I'm saying is outrage is tiring and for many decreases somewhat with age.

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  • PriestPriest Registered User regular
    edited May 2012
    @QuantumTurk

    I agree with you heartily. Moreso today than at any point in the last 40 years, women are seeking alternative rings: Rings with no gems, ring with Sapphries/Rubies/Tanzanite/ and even rarer ones like Briolite, Kunzite, Rhodolite Garnets. I hope this trend continues, for my own part, I think it is healthy, adds to the uniqueness of rings, and reduces cost for those that want to get married but are of less means. (EVERYONE deserves to have a wedding ring they enjoy, everyone. Whether it's a plain gold band or a yellow gaudy thing riddle with Emeralds.)

    For my own part, My mother has a Rose Gold Ring with Diamonds, my Father a Titanium&Yellow Gold ring, my Brother's Wife Diamond and Sapphires in White gold, him with White Gold carved, my other brother's wife with Platinum and Diamond, him in platinum, my Grandfather (Native American), in Turquoise and Silver, and my best girl-friend has carved Mokume in Yellow Gold. (Petrified, carved, Wood set between Yellow Gold, no diamonds, she's a nurse.)

    Priest on
  • bowenbowen Registered User regular
    Haha I'm glad I'm not that insane with my money.

  • PriestPriest Registered User regular
    bowen wrote: »
    Haha I'm glad I'm not that insane with my money.

    Personally, I'm the same way. I really don't believe in spending that much money on something I can't drive &/or live inside of. That said, you can get pretty stellar rings for 4-5k these days, even with the gold hike. I plan on spending about 6500 myself, and of all of my friends, I know I will be on the low end. (Although, thanks to being in industry, my fantastic boss will probably discount me to 4000)

  • darkmayodarkmayo Registered User regular
    I was pretty lucky as my fiancé isnt very flashy, she doesnt like big jewerly and we both had decided there was going to be no diamonds (cause fuck those common, cartel inflated pieces of shit)

    I originally wanted to do an emerald or another pretty colored stone. We have a jewler as a family friend who we approached to custom make the ring. Me and the fiancé, headed over to his studio and she explained what she liked and we ended up picking white gold for the metal and then he showed us his collections of gems. Two big tackleboxes filled with precious and semi precious stones of every color you can imagine (a hot pink sapphire? ) we ended up finding a nice dark blue sapphire that she really liked and that was that. Gold at the time had jumped significantly but he gave us a deal on the metal as he bought a bunch right before it jumped up (from what I understand Gold is still stupid right now)

    After it was all said and done the ring cost me under 1000cdn and she has a lovely custom made ring .

    Anyways, talk to your GF about what she likes and go from there.

  • CelestialBadgerCelestialBadger Registered User regular
    Best to find out beforehand whether she has moral problems with diamonds. If she does, she's likely to have mentioned it already.

  • MichaelLCMichaelLC In what furnace was thy brain? ChicagoRegistered User regular
    edited May 2012
    Priest wrote: »
    I've worked in the Jewelry industry for 10 years now, and wanted to share my thoughts, and dispel a few ideas mentioned here.

    DO NOT GO TO BLUE NILE OR ANY ONLINE RETAILER. EVER.
    Spoiler:

    I've actually heard and experienced quite the opposite from Blue Nile. Maybe they've been slipping in recent years.

    If you're referring to the quality of the diamond, they all have at least one certification - though I understand some are more preferred over others; GIA vs AGS, etc.

    After I had someone tell me in a store that, "This diamond has a GIA certification, so you knows it's good," I knew on-line was for me. Just to add some advice so this isn't too negative, having a certificate doesn't mean it's any good , it just means it's been rated - so it could be shit, it's just 'officially' shit.

    MichaelLC on
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  • DhalphirDhalphir Registered User regular
    I guess I will re-iterate what I said earlier.

    If buying the wrong ring is going to be a dealbreaker, you are marrying the wrong woman.

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  • DeebaserDeebaser Way out in the water See it swimmin'?Registered User regular
    Priest wrote: »
    Priest, you just gave a lot of very good facts and were for the most part unbiased when I rule out the salesman talk strewn about that post....

    ...having said that, I want you to show me source where the average engagement ring costs 5 thousand dollars.

    I'm sorry if I said "average cost." What I meant is "The average customer at my store pays"

    Although!
    This group says $3000 for the Engagement Alone.
    ABC quotes $4750 on average for an Engagement Ring.
    This site says $5200 for just the Engagement
    JCK & The Knot (The most industry respected, but, again, salespeople) say $5200 for just the Engagement

    Of those, ABC and JCK being the most respected.

    Those sources all seem to rely on respondent surveys from people that follow/subscribe to MEGABRIDE websites/magazines. Having a knot.com account, I can't imagine very many people scoping that site out on the regular if they intend to go a very simple route. As such, I imagine the results will skew pretty high.

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  • chrishallett83chrishallett83 Hi! Registered User regular
    edited May 2012
    Get a moissanite. I've already had the 'diamonds are ridiculously over-priced' talk with my significant other, and she agrees. Where we live, 'blood' diamonds aren't really a problem, as Argyle diamonds are readily available. She knows she can have whatever she wants, but after showing her some things about moissanites, my girl is definitely leaning in that direction.

    chrishallett83 on
  • ThroThro Registered User regular
    The wife and I designed our ring together. We kept sketching things out, and went back and forth with a ring marker in Seattle (sorry, can't remember the name of the company right now).
    Didn't go with a diamond, because she doesn't like them (too plain). In the end, tanzanite+ custom ring was around $2k.
    Yeah, it destroyed the surprise of what the ring will look like. Still managed to surprise her with the actual engagement proposal though.

    As far as actual use goes: she wears the wedding band or engagement ring alternatingly, depending on mood or classiness of wherever she plans on being that day.

  • DarkewolfeDarkewolfe Registered User regular
    Dhalphir wrote: »
    I guess I will re-iterate what I said earlier.

    If buying the wrong ring is going to be a dealbreaker, you are marrying the wrong woman.

    I think it's less, "Will she freak out" and more, "I would like to spend money on things that she'll like."

    It's something worth putting lots of thought and research into.

  • Draken50Draken50 Registered User regular
    I spent about 1200 on the ring I got for my fiance.

    What she appreciated was not how much it cost, but the effort I put into finding something she'd really like.

    Also any % of your income or # months salary is bull. The dollar value thing doesn't matter. Spend the time and effort to get her something with meaning/suited to her and she won't care if you got it out of a cracker jack box.

    I asked her about the kind of rings she liked and used that as a guideline.

  • ConstrictorConstrictor The Dork Knight SuburbialandRegistered User regular
    I think I spent around $3,000.00 on my wife's ring, which was 5% of my annual salary at the time (11 years ago). I think anything more than 5% of your annual salary is pretty excessive, but it depends on your preferences (and hers).

  • MegaMan001MegaMan001 Registered User regular
    All right, this has given me a ton of information and stuff to follow up on. Thanks for the ideas guys (particularly about the cost of white gold, platinum, the moral question of diamonds, mossanite, and other stones to use).

    I think I'm going to have to do more investigation with her family to find out what kind of rings are preferred (after asking for their blessing, of course), and then we'll leap into the actual purchasing.

    For the record, right now my hard limit is $5,000.

    I think this can be locked unless there is anything pressing someone would like to add.

    I am in the business of saving lives.

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  • KruiteKruite Registered User regular
    I'm very confused by the "moissanite". Chemically it's SiC and in grain its not clear and pale green. If you do choose to get it though know two things. The only thing harder than it is diamond, so don't worry about scratching it. It is brittle however....

  • wonderpugwonderpug Registered User regular
    I missed it if this was already mentioned, but you can (and should) shop for the setting and the stone(s) separately. This will not only make it easier to find a perfect ring that's in your budget, but if you know the setting when you're stone shopping, you have the possibility of choosing imperfections that will hardly be noticeable in your setting, for instance, a flaw that will be covered by one of the setting prongs.

  • MegaMan001MegaMan001 Registered User regular
    Kruite wrote: »
    I'm very confused by the "moissanite". Chemically it's SiC and in grain its not clear and pale green. If you do choose to get it though know two things. The only thing harder than it is diamond, so don't worry about scratching it. It is brittle however....

    Moissanite is brittle? The articles I was reading about it said that it's used as a cover for industrial equipment as a replacement for diamonds? I can't imagine Moissanite is brittle when it's used as a covering for anvils?

    I am in the business of saving lives.

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  • DjeetDjeet Registered User regular
    Diamond is brittle too.

    Hardness and brittleness have high correlation in minerals (not talking about alloys). Moissanite is similar to diamond (both in hardness and brittleness); it's the $-size-hardness value proposition that might make someone want to use a moissanite anvil vs a diamond one.

  • PriestPriest Registered User regular
    edited May 2012
    Deebaser wrote: »
    Those sources all seem to rely on respondent surveys from people that follow/subscribe to MEGABRIDE websites/magazines. Having a knot.com account, I can't imagine very many people scoping that site out on the regular if they intend to go a very simple route. As such, I imagine the results will skew pretty high.

    Regardless of this though, theknot.com is the website in the Bridal business. No self-respecting jeweler that wants bridal business does not advertise with them and buy customer information from them. When we began dealing with them, our business jumped an insane amount.

    You may, as a guy, think it's crazy, but far too many women have bridal books even before they start dating. It is something bred into Western Culture. I agree that it is batshit crazy, but again, as I have said, DeBeers is very good at what they do. There is a reason everyone knows "What Diamonds Are:" Just because a survey is taken from a group of people doesn't mean it's false. Survey samples are always important, but I only listed four websites, I'm sure if I felt like spending the time, I could find another 50. Demographics are very important. I suppose my challenge to you is to find a statistic post-2000 that labels any "average engagement ring cost" at less than $2250.

    Again, I'm not saying it's a good thing, but you should never try and buck the bridal trend/stereotype without knowing that your future fiance is kosher with it first, because it is a real quick way to hurt her feelings if you're not sensitive to her dreams of marriage.

    Also, I have seen several people recommending colored gems, a couple of thoughts:
    Spoiler:

    In regards to the Diamond & Moissanite Discussion:
    Spoiler:
    Draken50 wrote: »
    I spent about 1200 on the ring I got for my fiance.

    What she appreciated was not how much it cost, but the effort I put into finding something she'd really like.

    Also any % of your income or # months salary is bull. The dollar value thing doesn't matter. Spend the time and effort to get her something with meaning/suited to her and she won't care if you got it out of a cracker jack box.

    I asked her about the kind of rings she liked and used that as a guideline.

    THIS THIS THIS!

    Megaman: Don't set yourself to a limit. Really. Don't. I don't care whether it's a $1000 limit or a $30000 limit. Don't have money on your mind when you walk into the store. Have in mind a ring. An image in your mind of what you believe your future wife would like. Formulate that Ring with whatever associate, jeweler, or whatnot helps you. Only when you have found that perfect ring do you begin to talk turkey. If they can't meet your expectations, then move on to another place and try again. If you start with money, you go home with dissatisfaction. Start with what you want, and what you think she wants, and end with Money. You will be far happier.

    Please take it from me as a guy who's been in the industry ten years, seen dozens of engagements, and a great many more returns from broken engagements: The one's who succeed are the couples that are sensitive to their wants and needs, and go in trying to meet them. Those that come into us with price in mind end up "settling" and being unhappy. I can very nearly guarantee this.

    Love her. Don't buy her. Love her.

    Priest on
  • MrTLiciousMrTLicious Registered User regular
    Maybe this hasn't come up because you're also a nurse (from your snippet) but depending on what exactly she does she may need to take the ring off and on a lot if there's a huge rock on it.

  • azith28azith28 Registered User regular
    I think people posting in this thread needs to disclaim if they are male or female when answering this question.

    Not saying i disagree or anything, but i think its an important distinction of opinion.

  • DeebaserDeebaser Way out in the water See it swimmin'?Registered User regular
    edited May 2012
    Priest wrote: »
    Deebaser wrote: »
    Those sources all seem to rely on respondent surveys from people that follow/subscribe to MEGABRIDE websites/magazines. Having a knot.com account, I can't imagine very many people scoping that site out on the regular if they intend to go a very simple route. As such, I imagine the results will skew pretty high.

    Regardless of this though, theknot.com is the website in the Bridal business. No self-respecting jeweler that wants bridal business does not advertise with them and buy customer information from them. When we began dealing with them, our business jumped an insane amount.

    You may, as a guy, think it's crazy, but far too many women have bridal books even before they start dating. It is something bred into Western Culture. I agree that it is batshit crazy, but again, as I have said, DeBeers is very good at what they do. There is a reason everyone knows "What Diamonds Are:"

    I agree with you 100% here.

    Just because a survey is taken from a group of people doesn't mean it's false. Survey samples are always important, but I only listed four websites, I'm sure if I felt like spending the time, I could find another 50. Demographics are very important. I suppose my challenge to you is to find a statistic post-2000 that labels any "average engagement ring cost" at less than $2250.

    It doesn't necessarily mean that it's false, but I strongly suspect that there is a sampling bias baked in. In the knot's case, the type of people that are likely to register for a knot.com account, actually read the dozens of emails they forward a month, and respond to a survey about how much their engagement ring cost are not representative of the population at large. However, I don't find it terribly surprising that those type of people are the ones rocking $5,000+ wedding rings on average.

    For what it's worth (not a whole lot), people magazine pulled $2100 seemingly out of their asses in 2007.

    http://www.people.com/people/archive/article/0,,20059251,00.html

    Hell, a number of people in this thread have said they spent way less than $2000. Granted that's pure anecdotal non-scientific stuff, but I find it particularly hard to believe that the average dude getting married is financially unfucked enough to spend $5,000 on a ring.

    I'm just skeptical of surveys run by the industry big shots of an industry designed to take as much of your money as possible. :)

    Deebaser on
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  • PriestPriest Registered User regular
    I guess I'm just suspicious of rings below 1500 when you consider gold is 1600 an ounce and Diamonds of SI1 & G quality go for about 3.5k per carat. That places an average ring (about 4 Pennyweights, or 1/5th of an ounce) with a half carat center in the range of 2100, and that's with NO side diamonds, inlays, sizings, or any other baked in services that raise costs.

  • DeadfallDeadfall Registered User regular
    edited May 2012
    I spent 1800 on mine.

    .6 carat diamond white gold. Plus an extra 300 on the engagement ring that fit into the wedding band, like a puzzle almost. I thought it was cool.

    There is no way I would have spent more than like 2500. It's a sparkly rock. My wife would've flipped if I'd spent more than that as well. She works in non-profit and I'm a teacher, so five grand is a ridiculous thought for us.

    Plus I think gaudy rings look silly.

    e: These are my opinions, and the opinions of my wife. I understand many women are "diamonds only." I was just adding what I paid for mine, and anecdotally saying that we are both completely satisfied with our purchases.

    Deadfall on
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  • DjeetDjeet Registered User regular
    I spent $10K on the ring about 9-10 years ago (it's hard to believe how much gold has gone up, I think I paid $700 for both our bands and they are pretty thick bands). 7500 for the hero, the rest on the ring, supplemental stones, and custom fabrication. Close friend of mine (more affluent than I) spent $750; it was a cool ring, but not a particularly "traditional" one. Elderly family member spent $6 million on the rock for his 2nd wife. I'm male.

    I've heard it bandied about around H/A that the plural of anecdote isn't data though.

  • FiggyFiggy Registered User regular
    edited May 2012
    Deebaser wrote: »
    Hell, a number of people in this thread have said they spent way less than $2000. Granted that's pure anecdotal non-scientific stuff, but I find it particularly hard to believe that the average dude getting married is financially unfucked enough to spend $5,000 on a ring.

    None of the friends I have that are married spent less than $7500. So, you know, it happens a lot.\

    I spent about $2500 for a .33 carat center stone with 6 (i think?) stones in the band. 19K White Gold. Wish I wouldn't have caved to their "19K" upsell, but whatever. Another $1000 for the band, which is white gold, 19K, with 8 stones to match the engagement band, sans the center stone.

    The .33 stone isn't huge at all, but it's noticeably more brilliant than any of the rings her friends have, that cost 3-4 times to price. Size ain't everything.

    Figgy on
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  • DeebaserDeebaser Way out in the water See it swimmin'?Registered User regular
    I understand your skepticism, but aparrently some people do it.

    For funsies I just played with Blue Nile's Recently Purchased Engagement ring section.

    http://www.bluenile.com/engagement-rings/recently-purchased-engagement-rings?track=ta

    Now assuming this displays all purchases in a set range (I have no idea if this is the case or not), it actually does show the median to be around $5300, which is honestly higher than I was expecting and supports your claim.

    The sub-1500 ones don't look that terrible. Yeah, most of them are 14k and the stones are on the small side, but you know $1500 is a lot of scratch for a lot of people.

    Also, this only shows the diamond+gold rings, and there is a population out there that is apparently fine with less bloody stones.


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  • FiggyFiggy Registered User regular
    Deebaser wrote: »
    Also, this only shows the diamond+gold rings, and there is a population out there that is apparently fine with less bloody stones.

    It is possible to post in a thread about engagement rings without injecting a passive aggressive attitude, I think. Some people like diamonds. You do not. The OP is asking about how much people spend. He's not asking about your moral standpoint on the diamond industry.

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  • A Dabble Of TheloniusA Dabble Of Thelonius Registered User regular
    edited May 2012
    Thro wrote: »
    The wife and I designed our ring together. We kept sketching things out, and went back and forth with a ring marker in Seattle (sorry, can't remember the name of the company right now).
    Didn't go with a diamond, because she doesn't like them (too plain). In the end, tanzanite+ custom ring was around $2k.
    Yeah, it destroyed the surprise of what the ring will look like. Still managed to surprise her with the actual engagement proposal though.
    .

    This is a cool thing to do, right here. For many people, it creates more of a memory and makes the ring, and the idea it represents, more significant.

    That said, I'll let it be known that I picked out my wife's engagement ring based on ring designs she liked. She loves her ring, and only takes it off to cook or put on lotion or such. I payed about $400 I believe? Why did I pay only $400 you may ask? Do I just not lover her enough? Nope. She told me she'd punch me in the throat if I spent more than that.

    A Dabble Of Thelonius on
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  • PriestPriest Registered User regular
    Keep in mind, a lot of the rings that you see in the sub 1500's are "Hollow" or Thin-Shank rings. There is so little gold, and it's mostly 10k (Or heaven forbid, Platina4), that it bends and breaks easily. The Hollow rings (Which are Gold formed around a mold), dent particularly easily, and crack over time. It's not wise in terms of rings to go with anything less than a 2.5mm thick shank in every dimension.

  • NylonathetepNylonathetep Registered User regular
    Save more money on the actual wedding. Also, if this hasn't been stated before... your engagement ring can be different then your actual wedding ring.

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  • KillgrimageKillgrimage Registered User regular
    Okay, I've only skimmed these pages so this might have already been said, but I'll say what I always say for engagement ring questions: Go to your/her parents. Figure out if one or the other set has some good quality diamonds they can part with. Use those for the ring! This way, you can avoid a lot of the cost, and the moral question because you know exactly where those diamonds came from (okay, there will always be the question with the original purchase, but that may have happened before you were even born so you can't feel bad about that).

    For me (as a girl) this was a big problem. I don't trust any diamond company, but I really preferred a diamond. So I told my husband to look for an heirloom diamond from his mother. He did, spent very little, proposed, and all is well!

  • PriestPriest Registered User regular
    edited May 2012
    @Killgrimage
    I don't trust any diamond company.

    I guess I just don't understand this mantra.

    People trust banks (well, sometimes.)
    People trust many online institutions with extremely sensitive data.
    People trust hospitals.

    But for fucks sake, don't go to a diamond company... noooooo, we're the bogey man. I swear.

    /sarcasm.

    There are far more things to be afraid of in this world. There are rather easy ways of assuring that your chosen jeweler won't sheister you. If you don't trust them, I hope to god you buy all of your cars brand new direct from the manufacturer, not off the lot. Your house better be brand new, built yourself so that you know it's quality. Keep your money in a safe and never, ever use the internet, because people might be sniffing the packets to get your private information.

    In the 21st century, you have only two options: Tin-Foil-Hat-Living-In-The-Mountains or accepting that life is life and there are some things you can't fight.

    Priest on
  • ceresceres not beautiful like you Pennsylvania, USASuper Moderator, Moderator mod
    We're not really having that conversation here because this is an advice thread and not a debate thread.

    The avalanche has already started; it is too late for the pebbles to vote.
  • TOGSolidTOGSolid I totally put, a haiku in my profile, Limericks won't fit.Registered User regular
    edited May 2012
    Spending more than like a few hundred bucks on a ring seems downright fucking silly to me. If the lady thinks that you don't love her because you didn't spend thousands of dollars on some blinged out, gaudy as shit, hunk of metal with some retarded rocks stuck to it then it's pretty clear she needs to be kicked out the door.

    I think a great target price is under a grand. Then take all the money you just saved by buying a ring that had some thought put into it but isn't an overpriced hunk of crap (seriously, diamonds are 100% hype and gold is stupidly overpriced) and go somewhere really cool for your honeymoon.
    EDIT: For instance, if I were to ask my gf to marry me, this is the sort of ring I'd prolly get her:
    Spoiler:

    TOGSolid on
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  • MegaMan001MegaMan001 Registered User regular
    I appreciate everyone's input and you've all given me a lot of information to do some more research.

    However, I think this thread has ran it's course. This was never an issue of my girlfriend being a money grubbing hussy who wouldn't love me or say yes without a huge ring, it was a question of me wanting to sidestep a potential social faux pas for not making whatever investment most people did. This also was never a moral issue of hating on diamond companies or an effort to stage a revolt against the status quo of using diamonds - again, just looking for some more information on people's experiences.

    I am in the business of saving lives.

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  • JRoseyJRosey Registered User regular
    I used Blue Nile and couldn't have been happier with the process and end result. I don't know what Priest is talking about "8 week turnaround" but I got her the wrong size ring and they had my diamond reset and at my door in about 5 days - for free.

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This discussion has been closed.