Chris_Chris
Rough_Rock
- Joined
- Aug 3, 2006
- Messages
- 18
I have read through the tutorials here and some stories others had posted regarding their experience but still have some basic questions.
1) How much should be spent on an engagement ring? I always heard 3 months salary, is that correct (and is that pre or post tax
) I don''t want to seem like a cheap SOB, but then again really don''t want to spend $20,000 on a ring either.
2) From all my reading it sounds like the way to go is to get the diamond you want wholesale and then get it set on your ring. What does that usually cost do have done? I am assuming the rings cost about a grand???
3) What am I looking at spending on insurance, or even yet how do I get this insured? Would this go on my homeowners policy or is there a specific jewerly insurance I need.
4) If I were looking at spending approx 5000-7500 on a ring how much of that should be the diamond. ie a $3500 diamond, $1250 ring, $500 for the setting.
Thanks in advance for all your help, as you can see I am very lost currently and appreciate any help I can get.
1) How much should be spent on an engagement ring? I always heard 3 months salary, is that correct (and is that pre or post tax
2) From all my reading it sounds like the way to go is to get the diamond you want wholesale and then get it set on your ring. What does that usually cost do have done? I am assuming the rings cost about a grand???
3) What am I looking at spending on insurance, or even yet how do I get this insured? Would this go on my homeowners policy or is there a specific jewerly insurance I need.
4) If I were looking at spending approx 5000-7500 on a ring how much of that should be the diamond. ie a $3500 diamond, $1250 ring, $500 for the setting.
Thanks in advance for all your help, as you can see I am very lost currently and appreciate any help I can get.