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General => General Discussion => Topic started by: rumborak on August 19, 2012, 04:22:13 PM

Title: Average engagement ring costs > $5,000
Post by: rumborak on August 19, 2012, 04:22:13 PM
Holy shit.

https://www.jckonline.com/2011/09/02/average-engagement-ring-costs-5200-says-survey-knot

Amazing how society can reel people into spending money on stuff.
Title: Re: Average engagement ring costs > $5,000
Post by: King Postwhore on August 19, 2012, 04:23:50 PM
Yeah.  It is out of control.
Title: Re: Average engagement ring costs > $5,000
Post by: senecadawg2 on August 19, 2012, 04:24:35 PM
Yeah, it's pretty silly IMO
Title: Re: Average engagement ring costs > $5,000
Post by: Adami on August 19, 2012, 04:26:38 PM
I spent 1800. It was emerald (what she wanted) and it was quite beautiful if I might say so myself.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 04:40:24 PM
Yeah, ours was short of $2000, largely even that high because we preferred platinum (with sapphires), and we thought that was a splurge.  We cut corners almost everywhere else with the wedding, but with her rings we dished out some money for higher quality metal since we figured they were the everyday tokens.  However, my ring was only $200, since I didn't want a precious metal.  Guess I'll lose my finger if they ever have to cut it off, though.

Ha, that average is apparently down $600 from 2008, too.
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 04:45:51 PM
I've never understood the fascination some gals have with a rock the size of Gibraltar, or something that's so spendy your dude has to almost permanently pawn his nuts to pay it off.

For me, it's not the ring itself - it's the sentiment behind it.  I'm perfectly fine with an unembellished, plain sterling silver or white gold band.
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 19, 2012, 04:50:28 PM
The thing I don't get is, I mean this ring will be worn for about a year and then is useless, right? I could understand spending a good chunk on a wedding ring that you're gonna wear for the rest of your life, but for a one-year item that has almost zero resale value it's ridiculous to drop 5k.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 04:55:15 PM
No, sometimes both are worn together, particularly for special events.  You can even buy matched sets right from the start, which can get melded together after the wedding.
Title: Re: Average engagement ring costs > $5,000
Post by: Sigz on August 19, 2012, 04:58:24 PM
Well, that's pretty fucking ridiculous.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 05:05:16 PM
For me, it's not the ring itself - it's the sentiment behind it.  I'm perfectly fine with an unembellished, plain sterling silver or white gold band.
Seriously, avoid the silver, it's a real pain for an everyday ring from all I've heard.  The white gold is pretty high maintenance as I understand it, too.  I viewed the process as going for the 'least care' metal, which ended up being platinum(pricey) for her and titanium(cheap) for me.  They're both far more durable, and don't require as often of checkups.  For the diamond setting make sure you have platinum prongs instead of gold or silver.  Gold rings often come with platinum prongs because the gold just isn't strong enough to withstand the wear and tear from years of use, so it isn't hard to find that option.
Title: Re: Average engagement ring costs > $5,000
Post by: Gadough on August 19, 2012, 05:07:39 PM
hahahaha

society :lol
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 05:12:11 PM
For me, it's not the ring itself - it's the sentiment behind it.  I'm perfectly fine with an unembellished, plain sterling silver or white gold band.
Seriously, avoid the silver, it's a real pain for an everyday ring from all I've heard.  The white gold is pretty high maintenance as I understand it, too.  I viewed the process as going for the 'least care' metal, which ended up being platinum(pricey) for her and titanium(cheap) for me.  They're both far more durable, and don't require as often of checkups.  For the diamond setting make sure you have platinum prongs instead of gold or silver.  Gold rings often come with platinum prongs because the gold just isn't strong enough to withstand the wear and tear from years of use, so it isn't hard to find that option.

Um... I'd said PLAIN band.  No stone.  I couldn't care less about ANY kind of a rock, be it a diamond or anything else.

I've also worn enough silver in my lifetime that I know how high maintenance it is.  Don't care.  I'm a silver gal, through and through.
Title: Re: Average engagement ring costs > $5,000
Post by: snapple on August 19, 2012, 05:13:35 PM
Wow. I spent under $1,000 (knew the guy + coupons + cash speaks). It was valued at 2,500, which is insane anyway
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 05:15:54 PM
Um... I'd said PLAIN band.  No stone.  I couldn't care less about ANY kind of a rock, be it a diamond or anything else.

I've also worn enough silver in my lifetime that I know how high maintenance it is.  Don't care.  I'm a silver gal, through and through.
I got it, but my advice stands for anyone getting a diamond setting.

Wow. I spent under $1,000 (knew the guy + coupons + cash speaks). It was valued at 2,500, which is insane anyway
I always wondered about this.  My wife's rings are both valued way above what we payed, as are some of our friend's who we've talked to.  Does anyone actually buy these things near their supposed value?
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 05:17:12 PM
Duh, sorry. :facepalm:

And I do realize that I am an aberration.  I'm okay with that. :)
Title: Re: Average engagement ring costs > $5,000
Post by: Gadough on August 19, 2012, 05:21:24 PM
I'm pretty sure most men would be ok with that as well.
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 05:21:57 PM
 :)
Title: Re: Average engagement ring costs > $5,000
Post by: El Barto on August 19, 2012, 05:23:04 PM
Gotta love a country where couples are expected to begin their marriages by incurring crippling debt. 
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 05:24:00 PM
Gotta love a country where couples are expected to begin their marriages by incurring crippling debt.

I know, right?
Title: Re: Average engagement ring costs > $5,000
Post by: ThatcrazyKISSfan on August 19, 2012, 05:28:17 PM
5200 is the going rate?!  My car's not worth half of that.  I could get her a nice engagement car.....my imaginary girlfriend....
Title: Re: Average engagement ring costs > $5,000
Post by: Phoenix87x on August 19, 2012, 05:37:03 PM
The cost of the ring aint nothing compared to the cost of raising the eventually produced child from birth to age 18:

https://blogs.wsj.com/economics/2012/06/14/cost-to-raise-a-child-around-300000-not-including-college/
Title: Re: Average engagement ring costs > $5,000
Post by: snapple on August 19, 2012, 05:45:52 PM
Um... I'd said PLAIN band.  No stone.  I couldn't care less about ANY kind of a rock, be it a diamond or anything else.

I've also worn enough silver in my lifetime that I know how high maintenance it is.  Don't care.  I'm a silver gal, through and through.
I got it, but my advice stands for anyone getting a diamond setting.

Wow. I spent under $1,000 (knew the guy + coupons + cash speaks). It was valued at 2,500, which is insane anyway
I always wondered about this.  My wife's rings are both valued way above what we payed, as are some of our friend's who we've talked to.  Does anyone actually buy these things near their supposed value?


I know a few people who have purchased rings for full retail.
Title: Re: Average engagement ring costs > $5,000
Post by: black_biff_stadler on August 19, 2012, 05:54:41 PM
5200 is the going rate?!  My car's not worth half of that.  I could get her a nice engagement car.....my imaginary girlfriend....

 :lol
Title: Re: Average engagement ring costs > $5,000
Post by: lordxizor on August 19, 2012, 06:09:40 PM
The thing I don't get is, I mean this ring will be worn for about a year and then is useless, right? I could understand spending a good chunk on a wedding ring that you're gonna wear for the rest of your life, but for a one-year item that has almost zero resale value it's ridiculous to drop 5k.
In America these days the engagement ring is usually the large ring that is worn forever. There is sometimes a small wedding band that is added and welded on once they're married. But it's not a ring in general that is only worn until the wedding, it's worn forever.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 06:16:53 PM
Gotta love a country where couples are expected to begin their marriages by incurring crippling debt.
I know, right?
Did anyone here actually go in debt for their rings and wedding?  I guess I'm not surprised that happens, but isn't it pretty normal to plan and budget for these things?  My wife and I decided to get married, then started setting aside money for things like the rings.  The actual proposal came probably 8 months after we decided to get married, more than enough time to save the money for it.  We didn't make much money at the time and it was not hard to do everything with the wedding within our means, which was even on top of all the high expenses for immigration.
Title: Re: Average engagement ring costs > $5,000
Post by: lordxizor on August 19, 2012, 06:19:12 PM
I paid cash for my wife's engagement and wedding rings (about $5500 total) and we paid cash (including money given by parents) for the ceremony, reception and honeymoon. Granted, not everyone has that kind of cash laying around, but they should spend what they can afford.
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 06:39:44 PM
Hmph - I bought my own engagement ring.  It's a silver band, Celtic knot style.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 06:43:43 PM
Does it matter who pays? :lol  Once we decided to get married we started viewing our finances jointly.
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 19, 2012, 06:45:00 PM
It doesn't REALLY matter IMO.  Not so much with the joint finances though, but that's just me.
Title: Re: Average engagement ring costs > $5,000
Post by: Perpetual Change on August 19, 2012, 06:50:39 PM
My mom gave me her engagement ring to give my girlfriend. It's very small, but it has meaning. And thankfully my fiance does not care about a big diamond.

It was funny, though, how the minute people found out we were engaged they became "gollums" obsessed over seeing the ring. Especially the woman :P
Title: Re: Average engagement ring costs > $5,000
Post by: orcus116 on August 19, 2012, 06:51:52 PM
Well, it is the only way to truly express how much you care about someone. Or something. Money.
Title: Re: Average engagement ring costs > $5,000
Post by: Perpetual Change on August 19, 2012, 07:11:29 PM
https://www.youtube.com/watch?v=I6p60gHuyu8
Title: Re: Average engagement ring costs > $5,000
Post by: Cool Chris on August 19, 2012, 07:22:50 PM
The thing I don't get is, I mean this ring will be worn for about a year and then is useless, right? I could understand spending a good chunk on a wedding ring that you're gonna wear for the rest of your life, but for a one-year item that has almost zero resale value it's ridiculous to drop 5k.
In America these days the engagement ring is usually the large ring that is worn forever. There is sometimes a small wedding band that is added and welded on once they're married. But it's not a ring in general that is only worn until the wedding, it's worn forever.

Are there places they are only worn until the wedding? I would have seriously dropped much less if that was the case with my wife. Now she wears both (we had the bands designed so they match) but they are not welded together. I don't recall the total but together they were less than $5,000.

My annoyance is when her friends share with her what their rings cost. They don't do it to show off their husbands' wealth, or maybe they do, but I think that is one of those things that doesn't need to be shared with everyone. She told me once what someone else paid (much more than me), not to make me feel bad, more out of astonishment. I told her not to do that again.
Title: Re: Average engagement ring costs > $5,000
Post by: RuRoRul on August 19, 2012, 07:23:10 PM
The thing I don't get is, I mean this ring will be worn for about a year and then is useless, right? I could understand spending a good chunk on a wedding ring that you're gonna wear for the rest of your life, but for a one-year item that has almost zero resale value it's ridiculous to drop 5k.
I don't really know much about engagement ring customs, but I was never under the impression that engagement rings were only worn during the engagement then not after the wedding. I thought it was just the standard thing that people were given a ring like that for the engagement and just wore it indefinitely after that. At least, that's what I thought was the norm here in the UK and in the USA (judging from TV etc.) - I know there are a lot of different engagement / wedding ring customs throughout the world.
Title: Re: Average engagement ring costs > $5,000
Post by: Adami on August 19, 2012, 07:26:24 PM
The engagement I chose for the next girl (whoever she is) is about 10,000 dollars but so worth it.


10 minutes after initially putting it on, it bonds with the skin, making it impossible to take off. It is then linked wirelessly to a remote control I will keep on me. Anytime my fiance/wife does something of which I do not approve, I push a button which makes her feel the pain of a super nova inside of her.


You guys can get it at www.makethecuntsuffer.com
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 19, 2012, 07:40:33 PM
Customs are definitely quite different around the globe. Women in Europe wear rings on the opposite hand than in the US, which to this day makes it confusing as fuck.
Title: Re: Average engagement ring costs > $5,000
Post by: Dr. DTVT on August 19, 2012, 07:52:55 PM
Fuck the 2 month salary rule.  I'm not dishing $10k+ for a ring on principle.  I might go with the two week rule.  Check that, the two box of cracker jack rule.
Title: Re: Average engagement ring costs > $5,000
Post by: Neon on August 19, 2012, 11:05:44 PM
I don't understand what the obsession is with engagement rings- in my opinion they are such a waste of money...but I guess to each his own, right? 

For the few serious boyfriends that I have had, whenever the subject of rings came up, I told them that I'd be really friggen mad if they spent that much money on a ring.  And certainly not that I wouldn't appreciate it...it's just that...well for one thing I'm not really much into "blingy" jewelry...I have a ton of gold jewelry with various gemstones that my parents have given me over the years that I literally NEVER wear. 

I'd much rather you get a $50 silver piece from the renaissance faire or something (way more my style) and let us take that extra $4950 and do one of two things:  1) Save it for...whatever, or 2)  Have the most bitchin' European honeymoon possible.   
Title: Re: Average engagement ring costs > $5,000
Post by: theseoafs on August 19, 2012, 11:12:59 PM
You guys can get it at www.makethecuntsuffer.com

One day, a fetish porn site will be opened at that domain.

On that day, I will report this post.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 19, 2012, 11:15:35 PM
It'll certainly be amusing when you realize you left the link in your quote and get yourself banned, too.
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 20, 2012, 02:05:27 AM
I don't understand what the obsession is with engagement rings- in my opinion they are such a waste of money...but I guess to each his own, right? 

For the few serious boyfriends that I have had, whenever the subject of rings came up, I told them that I'd be really friggen mad if they spent that much money on a ring.  And certainly not that I wouldn't appreciate it...it's just that...well for one thing I'm not really much into "blingy" jewelry...I have a ton of gold jewelry with various gemstones that my parents have given me over the years that I literally NEVER wear. 

I'd much rather you get a $50 silver piece from the renaissance faire or something (way more my style) and let us take that extra $4950 and do one of two things:  1) Save it for...whatever, or 2)  Have the most bitchin' European honeymoon possible.

Damn skippy, girl. :clap:
Title: Re: Average engagement ring costs > $5,000
Post by: ThatcrazyKISSfan on August 20, 2012, 06:31:46 AM
I don't understand what the obsession is with engagement rings- in my opinion they are such a waste of money...but I guess to each his own, right? 

For the few serious boyfriends that I have had, whenever the subject of rings came up, I told them that I'd be really friggen mad if they spent that much money on a ring.  And certainly not that I wouldn't appreciate it...it's just that...well for one thing I'm not really much into "blingy" jewelry...I have a ton of gold jewelry with various gemstones that my parents have given me over the years that I literally NEVER wear. 

I'd much rather you get a $50 silver piece from the renaissance faire or something (way more my style) and let us take that extra $4950 and do one of two things:  1) Save it for...whatever, or 2)  Have the most bitchin' European honeymoon possible.


Marry me!
Title: Re: Average engagement ring costs > $5,000
Post by: hefdaddy42 on August 20, 2012, 06:33:20 AM
I bought my wife's engagement ring for around $600.00.  I was still in college at the time, and she was ecstatic with it.

Yes, she still wears it, along with her wedding band.  We didn't go nuts with those either.
Title: Re: Average engagement ring costs > $5,000
Post by: black_biff_stadler on August 20, 2012, 06:46:22 AM
All this talk about the wildly huge range of prices and attitudes regarding those prices makes me REALLY hope that the future Mrs. _floyd shares my attitude that the price of the ring should have zero bearing over the purchase and also that it shouldn't be a penny more than what I can comfortably afford. I'd really hate to see something so bogusly influenced and perpetuated by pretentious tradition become a point of contention in a serious relationship for me.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 07:31:12 AM
Be careful what you wish for, at that time you might be able to afford more than you think, and with price thrown out the window you also lose a budget cap as protection.  As I have vouched, choosing platinum for its strength and limited care certainly attacks the wallet.
Title: Two and a half words: Gulp 'n' Blow
Post by: black_biff_stadler on August 20, 2012, 07:35:08 AM
Nonsense. I'll relax my standards and propose with an onion ring like Homer did with Marge.
Title: Re: Average engagement ring costs > $5,000
Post by: Sir GuitarCozmo on August 20, 2012, 08:47:34 AM
Even more stupid.  Mrs. C. watches shows like "Say Yes to the Dress" and both of us sit there aghast sometimes at the prices people will pay for a wedding dress.  We saw one the other day where a chick had decided on a $34,000 wedding dress.  If you pay that much money for a wedding dress, then you are a self-absorbed attention whore.
Title: Re: Average engagement ring costs > $5,000
Post by: King Postwhore on August 20, 2012, 08:53:43 AM
My wife bought her wedding dress for $275.00 at a consignment shop.  Smart girl.
Title: Re: Average engagement ring costs > $5,000
Post by: kirksnosehair on August 20, 2012, 08:59:57 AM
The thing I don't get is, I mean this ring will be worn for about a year and then is useless, right? I could understand spending a good chunk on a wedding ring that you're gonna wear for the rest of your life, but for a one-year item that has almost zero resale value it's ridiculous to drop 5k.


Er, my wife still wears her engagement ring and we've been married since 2000.    As far as the resale value goes, I'm not even sure why that would be a consideration when you are buying something for the person you intend to spend the rest of your life with?  It certainly wasn't a consideration for me.
Title: Re: Average engagement ring costs > $5,000
Post by: hefdaddy42 on August 20, 2012, 10:02:23 AM
My wife bought her wedding dress for $275.00 at a consignment shop.  Smart girl.
My wife's was along those lines as well.

We figured, no reason to throw money we can't afford on stuff that will only be used once.  We went light on flowers and everything.  That enabled us to be on a little bit better footing when we got back from the honeymoon.
Title: Re: Average engagement ring costs > $5,000
Post by: bosk1 on August 20, 2012, 10:06:08 AM
Same here.  We had to pay for everything ourselves, pretty much, so it was important to be frugal.  The only area I regret skimping was on the photographer.  It would have been worth it to pay a bit more for better quality and control over the negatives since photos are something you keep around forever and actually go out of your way to look at every now and then.

Somewhat focused on the original point about the ring, I'll take a moment to also get up on a soapbox that my wife and I share on the subject in general:  The tendency to go overboard and go into debt on things like the ring and the wedding is a symptom of a bigger problem that is too often overlooked, which is placing more emphasis on having an awesome wedding than on having an awesome marriage.  I find it silly and sad that you have to study and prepare much more to get a driver's license than a marriage license.  /rant
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 10:12:57 AM
A few things:

1) Diamonds value doesn't drop to zero resale value after a year.  They appreciate over time.  But that isn't why you buy them.

2) If you buy a diamond, then have it appraised (for insurance perhaps), the appraised value is likely much more than what you would get for it if you tried to sell it (which is its true value).

3) If you don't feel a ring is a good place to spend your money, that is your perfectly valid opinion.  I am sure that everyone has things/activities they spend money on that others would look at as silly.  Diamonds and jewelry aren't for everyone, and I would never recommend going into debt for a ring, or a wedding.

4) I spent 5k on the diamond alone (not including setting or wedding band).  It was an appropriate amount considering my financial situation.  My wife will likely hand it down as an heirloom years from now.  It will be a family treasure.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 10:27:59 AM
I've always heard diamonds are terrible investments, due to the market situation.

On the wedding dress, if you aren't planning on keeping it you can get good resale.  We didn't go that high on my wife's, but I think it was $550 with a resell around $400 (or maybe $450 and $300).  We kept it for about 5 months of use, two weddings (US/China) and pictures, so $150 seemed like a great price for that period.
Title: Re: Average engagement ring costs > $5,000
Post by: hefdaddy42 on August 20, 2012, 10:35:17 AM
The tendency to go overboard and go into debt on things like the ring and the wedding is a symptom of a bigger problem that is too often overlooked, which is placing more emphasis on having an awesome wedding than on having an awesome marriage.  I find it silly and sad that you have to study and prepare much more to get a driver's license than a marriage license.  /rant

(https://i73.photobucket.com/albums/i238/hefdaddy42/funny/seinfeld-clapping-gif.gif)
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 11:04:36 AM
I've always heard diamonds are terrible investments, due to the market situation.

https://www.ajediam.com/images/site/Historical_diamond_prices_1960_2010_Source_Ajediam.jpg (https://www.ajediam.com/images/site/Historical_diamond_prices_1960_2010_Source_Ajediam.jpg)

(https://www.ajediam.com/images/site/Historical_diamond_prices_1960_2010_Source_Ajediam.jpg)
Title: Re: Average engagement ring costs > $5,000
Post by: Perpetual Change on August 20, 2012, 11:26:08 AM
Somewhat focused on the original point about the ring, I'll take a moment to also get up on a soapbox that my wife and I share on the subject in general:  The tendency to go overboard and go into debt on things like the ring and the wedding is a symptom of a bigger problem that is too often overlooked, which is placing more emphasis on having an awesome wedding than on having an awesome marriage.  I find it silly and sad that you have to study and prepare much more to get a driver's license than a marriage license.  /rant

Exactly. I never noticed it was this big of a problem until I got engaged recently. And, just because two people are on the same page doesn't mean that it's going to be smooth sailing.

I mean, the ring I gave my fiance was pretty humble, which was fine, because neither of us care about that stuff, and neither does my family at all (my brother is married, and I'm not even sure he and his wife have wedding bands!). But, up until and after the engagement, a large portion of (mostly) her friends became, as I stated above, "gollum-like". The pressure I sense from other women to see my fiance's ring-- probably out of the need to validate for their own rings-- seemed immense. The best part was her getting text-messages from people who never even talk to her asking to see it. I guess everyone needs to know what everyone else has, because that's how you measure true value, right?

Now that the wedding is being planned, it's the same thing. We'd be happy with something humble. But, around every corner, you can bet their are friends and family telling us how "it's gotta be". For her, it's a matter of her friends telling her that it's her day to make all her dreams come true (or something like that). For me, it's a matter of me being told "what she deserves". Again, my brother forwent all of this. I believe he was married in a his wife's kitchen, actually  :lol

Though, I guess a couple isn't really any good if they can't refrain from bowing down to pressures from friends and family to go their own way instead.  So, a lot of times, I think my brother had the right of it. Don't let any friends and family get what they want, and disappoint everyone so they're forced to be happy with whatever you give them :D
Title: Re: Average engagement ring costs > $5,000
Post by: bosk1 on August 20, 2012, 11:29:06 AM
I think there's probably plenty of room for a happy medium in there somewhere. 
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 11:30:46 AM
I think there's probably plenty of room for a happy medium in there somewhere.

Exactly.  Make sound and informed decisions....just like you should do with every other part of your life.
Title: Re: Average engagement ring costs > $5,000
Post by: Perpetual Change on August 20, 2012, 11:34:12 AM
Yeah, true. And we are functioning along those lines, though most of the planning hasn't started yet.

I mean, I admire my brother's attitude, but he also pissed off half the family by not inviting them, so whatever we do will at least have to be big enough to make up for that.

Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 20, 2012, 11:36:46 AM
I've always heard diamonds are terrible investments, due to the market situation.

https://www.ajediam.com/images/site/Historical_diamond_prices_1960_2010_Source_Ajediam.jpg (https://www.ajediam.com/images/site/Historical_diamond_prices_1960_2010_Source_Ajediam.jpg)

(https://www.ajediam.com/images/site/Historical_diamond_prices_1960_2010_Source_Ajediam.jpg)

Yeah, that's purchase price though, right? The important thing is the sell price. And from what I hear you only get a fraction of the purchase price back.

rumborak
Title: Re: Average engagement ring costs > $5,000
Post by: j on August 20, 2012, 11:49:00 AM
I spent a little under $2000 on my wife's engagement ring, which I classify as a "shit load" of money.  Can't believe that was less than half of what the average guy spends, good Christ.  That is an alarming bit of information.

Anyway, she loves the ring and wears it with her wedding band, which is great.  But is it an idiotic and pointless tradition?  Absolutely yes.

-J
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 20, 2012, 11:59:15 AM
Talked to a coworker today about that, he just commented "oh yeah, I'm well beyond that figure". Crazy.
Title: Re: Average engagement ring costs > $5,000
Post by: kirksnosehair on August 20, 2012, 12:28:26 PM
It's crazy if you go into debt for it, yeah, but if you have the money and you want to spend it, there's nothing crazy about it. 
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 12:29:55 PM

Yeah, that's purchase price though, right? The important thing is the sell price. And from what I hear you only get a fraction of the purchase price back.

rumborak

I was unaware that there was a huge disparity in the diamond market....any sources that can show this?
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 12:36:42 PM
My impression was that it was frowned upon as an investment because if the manufactured market collapsed they could irrevocably lose almost all value.
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 20, 2012, 12:57:54 PM

Yeah, that's purchase price though, right? The important thing is the sell price. And from what I hear you only get a fraction of the purchase price back.

rumborak

I was unaware that there was a huge disparity in the diamond market....any sources that can show this?

From my understanding it's a combination of heavily inflated retail values due to almost monopoly status of de Beers, and the social stigma of buying a previously owned ring. So, if you buy a ring you should consider it spent money that you will never recoup.

rumborak
Title: Re: Average engagement ring costs > $5,000
Post by: kirksnosehair on August 20, 2012, 01:51:10 PM
Resale value on pretty much ANY jewelry is never going to be very good.  I'd say in most cases you'll be lucky to get ~30% of what you initially paid. 
Title: Re: Average engagement ring costs > $5,000
Post by: wolfandwolfandwolf on August 20, 2012, 02:12:55 PM
I spent 1k on the one for Mrs. Wolves, guy worked with me on it for sure - had known him previously - it's valued quite a bit higher than what I purchased it for.
Title: Re: Average engagement ring costs > $5,000
Post by: jasc15 on August 20, 2012, 03:01:43 PM
Gotta love a country where couples are expected to begin their marriages by incurring crippling debt. 
Same with weddings.  It's amazing the weddings I've been to that easily cost >30 or 40k, then the couple mortgages the most expensive house they can afford, and are living paycheck to paycheck to pay for all that plus their 2 financed cars.  Then we hear about the high cost of living "these days".  Anecdotally speaking, this is the norm, since I get chastized and called cheap when I talk like this in front of most people.
Title: Re: Two and a half words: Gulp 'n' Blow
Post by: DebraKadabra on August 20, 2012, 03:06:40 PM
Nonsense. I'll relax my standards and propose with an onion ring like Homer did with Marge.

I'd take a Funyun over a big gaudy ring any day of the week. :lol
Title: Re: Average engagement ring costs > $5,000
Post by: Tick on August 20, 2012, 03:13:22 PM



It was funny, though, how the minute people found out we were engaged they became "gollums" obsessed over seeing the ring. Especially the woman :P
That is pathetic.
I paid 1,000 for my wife's ring in 94. It was appraised at 2,000. My wife still absolutely loves her ring 18 years later. Money can't buy a good marriage.
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 03:29:20 PM



It was funny, though, how the minute people found out we were engaged they became "gollums" obsessed over seeing the ring. Especially the woman :P
That is pathetic.
I paid 1,000 for my wife's ring in 94. It was appraised at 2,000. My wife still absolutely loves her ring 18 years later. Money can't buy a good marriage.

I am pretty sure not one single person has equated the price of the ring to the quality of the marriage.

Also, if we want to be honest here, I doubt a good woman would tell their husband they didn't like their ring.
I think the golf shirt my wife gave me is ugly.  I say I love it and make sure to wear it once a month.
You think your wife is going to say she would have much rather had a different cut or setting?

The point is it doesn't matter.  It has nothing to do with the quality of a marriage, or the size of ones love.
It is a gift of love, and as such, it shouldn't be judged on its size/value....big or small.

So....no....it isn't pathetic. 
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 20, 2012, 04:54:48 PM
Ok, just about every person in this thread has proclaimed they got a "special deal" on their ring, getting it for much less than the official price.

I can only conclude that you guys have all been duped :lol
Title: Re: Average engagement ring costs > $5,000
Post by: bosk1 on August 20, 2012, 04:58:11 PM
I am pretty sure not one single person has equated the price of the ring to the quality of the marriage.

Nobody who has posted here has.  But sadly, there are MANY misguided souls out there that do.


I can only conclude that you guys have all been duped :lol

:lol  Glad I didn't mention the "special deal" I got then.  But in my case, my mom sells diamonds for a living, and I KNOW she charged me below retail for it.
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 05:02:48 PM
I am pretty sure not one single person has equated the price of the ring to the quality of the marriage.

Nobody who has posted here has.  But sadly, there are MANY misguided souls out there that do.


I can only conclude that you guys have all been duped :lol

:lol  Glad I didn't mention the "special deal" I got then.  But in my case, my mom sells diamonds for a living, and I KNOW she charged me below retail for it.

I dont think many people equate the quality of the ring will equate to a quality marriage.  I think too many people think that: marriage will miraculously fix issues in the relationship; and/or the marriage will be great just because, and not require a lot of work.  I dont think many factor in the price of a ring or wedding when thinking of a marriages future success.
Title: Re: Average engagement ring costs > $5,000
Post by: Tick on August 20, 2012, 05:10:34 PM



It was funny, though, how the minute people found out we were engaged they became "gollums" obsessed over seeing the ring. Especially the woman :P
That is pathetic.
I paid 1,000 for my wife's ring in 94. It was appraised at 2,000. My wife still absolutely loves her ring 18 years later. Money can't buy a good marriage.

I am pretty sure not one single person has equated the price of the ring to the quality of the marriage.

Also, if we want to be honest here, I doubt a good woman would tell their husband they didn't like their ring.
I think the golf shirt my wife gave me is ugly.  I say I love it and make sure to wear it once a month.
You think your wife is going to say she would have much rather had a different cut or setting?

The point is it doesn't matter.  It has nothing to do with the quality of a marriage, or the size of ones love.
It is a gift of love, and as such, it shouldn't be judged on its size/value....big or small.

So....no....it isn't pathetic.
Relax Eric, please!
Sentence 1 pertained to the sentence I quoted.
Sentence 2 pertained to my own personal experience. The last sentence is just a statement about those who marry for monetary possessions. Some do, and that was all I was pointing out.
 Easy does it. This isn't politics. Do not go on the attack. Geez.
Title: Re: Average engagement ring costs > $5,000
Post by: Tick on August 20, 2012, 05:12:28 PM
Ok, just about every person in this thread has proclaimed they got a "special deal" on their ring, getting it for much less than the official price.

I can only conclude that you guys have all been duped :lol
Since your conclusions are often wrong, we can all rest easy.  :lol
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 05:19:33 PM
Ok, just about every person in this thread has proclaimed they got a "special deal" on their ring, getting it for much less than the official price.

I can only conclude that you guys have all been duped :lol
I brought that point up, already, asking if anyone actually paid close to their appraisal value.  Look back, someone pointed out they had friends that at least did.  The appraisal value is just a markup, I guess it's that high partly to make people not feel cheated in the event they really got ripped off.  I don't believe in the deal aspect of it, it's just shopping, you're looking for the best price you can get, if you don't shop around you probably aren't getting it no matter what you're told.
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 05:22:03 PM



It was funny, though, how the minute people found out we were engaged they became "gollums" obsessed over seeing the ring. Especially the woman :P
That is pathetic.
I paid 1,000 for my wife's ring in 94. It was appraised at 2,000. My wife still absolutely loves her ring 18 years later. Money can't buy a good marriage.

I am pretty sure not one single person has equated the price of the ring to the quality of the marriage.

Also, if we want to be honest here, I doubt a good woman would tell their husband they didn't like their ring.
I think the golf shirt my wife gave me is ugly.  I say I love it and make sure to wear it once a month.
You think your wife is going to say she would have much rather had a different cut or setting?

The point is it doesn't matter.  It has nothing to do with the quality of a marriage, or the size of ones love.
It is a gift of love, and as such, it shouldn't be judged on its size/value....big or small.

So....no....it isn't pathetic.
Relax Eric, please!
Sentence 1 pertained to the sentence I quoted.
Sentence 2 pertained to my own personal experience. The last sentence is just a statement about those who marry for monetary possessions. Some do, and that was all I was pointing out.
 Easy does it. This isn't politics. Do not go on the attack. Geez.

Im not sure why you would characterize my response as an attack.  Perhaps it is because you are attacked a lot on this forum?  Not sure.  My response was simply expressing my point of view in response to yours.
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 20, 2012, 05:24:47 PM
Ok, just about every person in this thread has proclaimed they got a "special deal" on their ring, getting it for much less than the official price.

I can only conclude that you guys have all been duped :lol
Since your conclusions are often wrong, we can all rest easy.  :lol

Ooh, hidden double negative in the post. Tricky!
Title: Re: Average engagement ring costs > $5,000
Post by: ThatcrazyKISSfan on August 20, 2012, 07:22:41 PM
Gotta love a country where couples are expected to begin their marriages by incurring crippling debt. 
Same with weddings.  It's amazing the weddings I've been to that easily cost >30 or 40k, then the couple mortgages the most expensive house they can afford, and are living paycheck to paycheck to pay for all that plus their 2 financed cars.  Then we hear about the high cost of living "these days".  Anecdotally speaking, this is the norm, since I get chastized and called cheap when I talk like this in front of most people.

Yeah, and even a "cheap" wedding still runs north of 5k correct? I've never been married, so I'll ask you guys....those who have had weddings.....was it worth it?  I think I'd rather elope and spend the extra money on the honeymoon.
Title: Re: Average engagement ring costs > $5,000
Post by: hefdaddy42 on August 20, 2012, 07:23:27 PM
We didn't spend anywhere near $5,000 on our wedding, and it was still memorable, and everyone had a great time.
Title: Re: Average engagement ring costs > $5,000
Post by: cramx3 on August 20, 2012, 07:28:40 PM
I am recently engaged and I spent 5200 on the ring and wedding band. A bit less than the "three months salary" standardand significantly less than my sisters and my mothers , but I don't think I could have spent more and been happier. The ring is perfect and I felt it was a perfect price.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 07:31:58 PM
We didn't spend anywhere near $5,000 on our wedding, and it was still memorable, and everyone had a great time.
Same with us, except for the rings, the wedding, reception, and rehearsal topped out well below $5000 combined.  We still get told by many of our guests how much they loved how we did our wedding.  It was very easy to come up with a memorable wedding without all the costs.  I think some people really hurt themselves by feeling they have so many people they have to invite.
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 07:35:52 PM
I didn't pay for my wedding....the in-laws did.  They planned the whole thing (it was in Boston, and we were living in Florida).  They paid well over $60,000.
It was at Braeburn Country Club in Newton, MA.  https://www.braeburngolf.com/club/scripts/public/public.asp?GRP=15474&NS=PUBLIC (https://www.braeburngolf.com/club/scripts/public/public.asp?GRP=15474&NS=PUBLIC)
The dinner was lobster bisque and filet mignon...and open bar with all top shelf.  Very nice.
Title: Re: Average engagement ring costs > $5,000
Post by: DebraKadabra on August 20, 2012, 07:38:51 PM
I'd rather take a couple of witnesses to the JP and spend the money we would've spent on the wedding on a MOTHER of an after party.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 07:43:44 PM
I think it's pretty normal that the majority of the cost IS the after party.  You can get married in picturesque places for very little money, cost cutting on the actual wedding ceremony without otherwise degrading it is incredibly easy.
Title: Re: Average engagement ring costs > $5,000
Post by: eric42434224 on August 20, 2012, 07:45:35 PM
I think it's pretty normal that the majority of the cost IS the after party.  You can get married in picturesque places for very little money, cost cutting on the actual wedding ceremony without otherwise degrading it is incredibly easy.

Absolutely.  The church wedding didn't cost anything.  The 60k was all for the reception.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 20, 2012, 08:02:46 PM
We did a nice compromise to have free alcohol without the expensive open bar policy.  The restaurant we had our reception at got two quarter barrels of local craft beer and 6 bottles of wine of our choosing.  That was all free to our guests, but anything else they had to pay for.
Title: Re: Average engagement ring costs > $5,000
Post by: Tick on August 21, 2012, 05:34:31 AM
I didn't pay for my wedding....the in-laws did.  They planned the whole thing (it was in Boston, and we were living in Florida).  They paid well over $60,000.
It was at Braeburn Country Club in Newton, MA.  https://www.braeburngolf.com/club/scripts/public/public.asp?GRP=15474&NS=PUBLIC (https://www.braeburngolf.com/club/scripts/public/public.asp?GRP=15474&NS=PUBLIC)
The dinner was lobster bisque and filet mignon...and open bar with all top shelf.  Very nice.
60 k??? Wow!!! :omg:
That must have been the fashizzle!
My in laws spent 10 grand on mine and it was a waterfront restaurant with an outdoor patio and open bar. Your in laws are pretty well off I guess, eh?
Title: Re: Average engagement ring costs > $5,000
Post by: wolfandwolfandwolf on August 21, 2012, 06:02:35 AM
Ok, just about every person in this thread has proclaimed they got a "special deal" on their ring, getting it for much less than the official price.

I can only conclude that you guys have all been duped :lol
I was thinking the same right when I posted that.  I have a hard time thinking that somehow the price I got was "special" whenever everyone seems to get their price "special" as well.

I will say this, and I had to learn this the hard way, no real advice from anyone before I went shopping - when you tell a dealer your budget, you can almost always expect them to go on the high end and go about 100 dollars over it.
Title: Re: Average engagement ring costs > $5,000
Post by: jasc15 on August 21, 2012, 07:02:52 AM
Ok, just about every person in this thread has proclaimed they got a "special deal" on their ring, getting it for much less than the official price.

I can only conclude that you guys have all been duped :lol
I bought some diamond earrings for my girlfriend last year, and the very place that sold them to me appraised them for 25% more than I just paid for them.  I was like ??? Something was funny there, so I didnt pay much attention to the appraised value.  I'm sure its all part of salesmanship.
Title: Re: Average engagement ring costs > $5,000
Post by: Dr. DTVT on August 21, 2012, 07:32:57 AM
I am recently engaged and I spent 5200 on the ring and wedding band. A bit less than the "three months salary" standardand significantly less than my sisters and my mothers , but I don't think I could have spent more and been happier. The ring is perfect and I felt it was a perfect price.

Wait...when did this become "three months salary"?  I remember the advertisements when I was in HS talking about two months salary.  When will the diamond industry try to make it four months salary?

(https://fc07.deviantart.net/fs46/f/2009/204/c/2/Screw_you_guys_I__m_going_home_by_h4X0ry0uL34.jpg)
Title: Re: Average engagement ring costs > $5,000
Post by: lordxizor on August 21, 2012, 06:47:59 PM
Yeah, and even a "cheap" wedding still runs north of 5k correct? I've never been married, so I'll ask you guys....those who have had weddings.....was it worth it?  I think I'd rather elope and spend the extra money on the honeymoon.
I loved our wedding. I think it cost around $12k, but I honestly don't know because I didn't pay for much myself. However, in retrospect, I would have a done a much smaller ceremony and had a smaller, more intimate party afterward.
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 21, 2012, 07:03:07 PM
The friend of mine who paid way more than 5k was complaining about that. Apparently his mother-in-law is in charge of the invitations, and he was saying he won't know the majority of the people attending the wedding. That just sounds wrong.
Title: Re: Average engagement ring costs > $5,000
Post by: orcus116 on August 21, 2012, 07:13:04 PM
Sounds like it's more an event for her than for them as a couple.
Title: Re: Average engagement ring costs > $5,000
Post by: King Postwhore on August 21, 2012, 08:14:09 PM
The friend of mine who paid way more than 5k was complaining about that. Apparently his mother-in-law is in charge of the invitations, and he was saying he won't know the majority of the people attending the wedding. That just sounds wrong.

Parents do that.  Adding people you don't remember as a kid.  I got the line from my mom, "I have to invite so and so!"
Title: Re: Average engagement ring costs > $5,000
Post by: lordxizor on August 21, 2012, 08:38:18 PM
When the parents are paying for 90% of the wedding, it's pretty hard to tell them that they can't invite their friends.
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 21, 2012, 08:41:24 PM
I guess, but it's still selfish.
Title: Re: Average engagement ring costs > $5,000
Post by: Sigz on August 21, 2012, 08:53:04 PM
Yeah. Like, sure you're offering to pay for the wedding, but if you just take over and do it the way you want to you're essentially making it your own party, which entirely defeats the purpose.
Title: Re: Average engagement ring costs > $5,000
Post by: black_biff_stadler on August 21, 2012, 08:56:52 PM
Seriously. There's two major problems (at least):

1. The parents feeling entitled to prioritize their wishes ahead of the couples becuase they're the ones paying. If covering the expenses or a big chunk of it makes you feel entitled to do this, the intent of your gesture is clearly rooted in the wrong place.

2. The parents feeling it's more important to haphazardly navigate the rough seas of their friends' bullshit politics than it is to make it the best wedding possible for the kids.

Edit: Yeah what Sigz said.
Title: Re: Average engagement ring costs > $5,000
Post by: TempusVox on August 21, 2012, 09:25:18 PM
The best advice I think I could ever give anyone is when buying a diamond ring...NEVER, never, never buy it at a jewelry store. Instead, find a diamond broker in your town and buy it there. Jewelry stores typically sell crap to the masses. It's nearly always over priced. Walk into any jewelry store and look up. Track lighting is everyhwere. Track lighting makes everything sparkle. Also, most engagement rings are already in the setting. They do this to hide yellowing in poor stones. If you are going to make the investment, get a nice loose, high quality stone from a broker and have them set it. Go quality over quantity. Get something she can proudly pass on to her grandkids, or great grandkids someday. Don't get sucked into the bullshit jewelry stores dish out.

When I was a young man and was getting engaged for the first time, a friend turned me onto a broker in my town. His office was in a high rise building, with no advertising of any kind, yet he had been in business for over 30 years. I walked in and he gave me a diamond tutorial for about an hour. We walked into a room with track lights overhead. He took a loose stone and placed it in a setting and carefully handed it to me. "Look at this one", he said. "See how it shines?" And it did. Under the light it sparkled like crazy and the ring was gorgeous in the setting.  "You like this one?" he asked. "Yes..its beautiful." I answered. He then carefully took it from me and dropped the diamond onto a blank piece of white copy paper. The diamond was nearly as yellow as a crayon, and it was cloudy. He turned off the track lights and it stopped sparkling too. "How about now?" he asked.

Any diamond broker worth his salt should be able to do the same for you. They can save you thousands. My ex wife got a smaller stone than many of her friends, but damnit she and I knew that her stone was a perfect, museum quality diamond. In fact she has since remarried, but plans to offer the stone someday to my sons bride should he every get married.
Title: Re: Average engagement ring costs > $5,000
Post by: orcus116 on August 21, 2012, 09:25:54 PM
Seriously. There's two major problems (at least):

1. The parents feeling entitled to prioritize their wishes ahead of the couples becuase they're the ones paying. If covering the expenses or a big chunk of it makes you feel entitled to do this, the intent of your gesture is clearly rooted in the wrong place.

2. The parents feeling it's more important to haphazardly navigate the rough seas of their friends' bullshit politics than it is to make it the best wedding possible for the kids.

Edit: Yeah what Sigz said.

I just remember back to my high school graduation party where I made some joke about the lack of food the caterers brought which prompted my mom to angrily state "This isn't a party for you. This is a party for me." I normally but have nothing ever bad to say about my mom but it really stuck with me that more often than not when it comes to bigger events, probably moreso with women than men, it's a bigger, show-offy check off a list of life goals for the parents than the people actually involved.

Makes me want to have a celebration more geared towards my close friends than family, as shitty as that sounds.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 21, 2012, 09:46:20 PM
Not shitty to me, a great idea, our wedding was primarily good friends.  We've been very complimented for it.

Even paying for our own wedding my mom kept telling us people we had to invite.  We just told her no.  In the end we even had an aunt, who was not yet invited to the wedding, assume she was a guest even for the rehearsal.  That was some awkward fights with mom, getting her to confront her sister about it.  Luckily, trust me on that, she did not come to the rehearsal, but we eventually did invite the aunts and uncles to the wedding.  FYI, about 30 guests total, aunts and uncles were like first alternates. :lol
Title: Re: Average engagement ring costs > $5,000
Post by: Sigz on August 21, 2012, 09:55:30 PM
Seriously. There's two major problems (at least):

1. The parents feeling entitled to prioritize their wishes ahead of the couples becuase they're the ones paying. If covering the expenses or a big chunk of it makes you feel entitled to do this, the intent of your gesture is clearly rooted in the wrong place.

2. The parents feeling it's more important to haphazardly navigate the rough seas of their friends' bullshit politics than it is to make it the best wedding possible for the kids.

Edit: Yeah what Sigz said.

I just remember back to my high school graduation party where I made some joke about the lack of food the caterers brought which prompted my mom to angrily state "This isn't a party for you. This is a party for me." I normally but have nothing ever bad to say about my mom but it really stuck with me that more often than not when it comes to bigger events, probably moreso with women than men, it's a bigger, show-offy check off a list of life goals for the parents than the people actually involved.

My parents said the same thing about my graduation. And frankly, that really doesn't bother me, primarily because my high school graduation meant fuckall to me - I mean come on, it's high school FFS. But if it was something actually important to me, like a wedding, I'd be pretty fucking pissed if they co-opted it to fulfill whatever their bullshit desires were for it.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 21, 2012, 10:03:55 PM
With the high school graduation I think it pays to consider that the students aren't often attending their own party since so many happen at once.  Where I grew up it was common for graduates to be hopping around to various parties in packs.  That was sort of our party, the specific parties really were more for the parents.
Title: Re: Average engagement ring costs > $5,000
Post by: Perpetual Change on August 21, 2012, 10:06:50 PM
It seems like it goes both ways. Engagement rings are getting insanely expenses and people are just filing in assuming they should pay 2 months salary for one. Yet more and more people are also finding alternatives. I think that's a good thing. The whole "diamonds and gold" thing is a hollow tradition, and there's a lot of ugliness behind the scenes too.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 21, 2012, 10:11:35 PM
If you read the original link you'll see the average cost has actually dropped $600 dollars in the last four years.  That suggests the opposite, that people are backing off.
Title: Re: Average engagement ring costs > $5,000
Post by: cramx3 on August 21, 2012, 10:55:53 PM
If you read the original link you'll see the average cost has actually dropped $600 dollars in the last four years.  That suggests the opposite, that people are backing off.

The last four years, people havent had as much money to spend.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 22, 2012, 10:28:29 AM
Sure, but that doesn't mean you can draw you conclusions about people and prices from a receding price indicator. 
Title: Re: Average engagement ring costs > $5,000
Post by: Tick on August 22, 2012, 11:34:12 AM
If you read the original link you'll see the average cost has actually dropped $600 dollars in the last four years.  That suggests the opposite, that people are backing off.
Well, in this day and age a lot of marriages don't last all that long. Mind as well keep saving for your second marriage so you can really get that big rock! :metal
Second wives get the best jewelry.
Title: Re: Average engagement ring costs > $5,000
Post by: kirksnosehair on August 22, 2012, 01:07:10 PM
There were 10 or 12 people at my wedding and we just got a few cases of beer and a case of wine and a boom box with a few CDs.  We had a blast.  We passed the hat and everyone tossed in a little bit of money and I think my wife and I ended up breaking even on the whole thing.  That was my second (current and final) wife.


My first wedding was absolutely ridiculous.  400+ people attended and I think I knew maybe 10 of them.  I have no idea what it cost.  Her parents paid for it.
Title: Re: Average engagement ring costs > $5,000
Post by: yorost on August 26, 2012, 07:12:52 PM
Of course, none of us spent $90,000 on jetpacks for the ceremony...

https://www.huffingtonpost.com/2012/08/24/jetpack-wedding-amanda-volf-grant-engler_n_1826806.html
Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 26, 2012, 07:17:13 PM
Wow. Filing that one under "sounds really cool on paper, but is really lame in real life".
Title: Re: Average engagement ring costs > $5,000
Post by: kirksnosehair on August 27, 2012, 11:59:31 AM
I can think of a lot better ways to unload $90 large

Title: Re: Average engagement ring costs > $5,000
Post by: rumborak on August 27, 2012, 12:52:57 PM
I mean, had they hovered 100 feet in the air when getting married, that would have been cool. Still having your feet in the water ... eh.