Before beginning the diamond buying process, start with a budget. Whether you have $1,000, $10,000
or $100,000 to spend, there is a diamond to match your budget. How much should you spend on an engagement
ring? It really depends on what you can afford. The Diamond Trading Company, a De Beers marketing organization
has set a guideline of two months salary.
Don't put yourself in financial hardship to buy a diamond. And remember, set aside something for the setting too.
Yellow gold or white gold settings generally sell for $100 to $1,000. Prices differ mainly depending on the size
and thickness of the ring. Comparative platinum settings may cost in the region of $300 to $3,000.
The diamond budget guideline is one months' salary in the United Kingdom,
two months' salary in the United States and three months' salary in Japan.