Engagement Rings

[damaxer91]

What is the standard in the Frum world? How much is one expected to spend?

I'm B"H happily married, but just for curiousity sake

[judahk88]

What is the standard in the Frum world? How much is one expected to spend?

I'm B"H happily married, but just for curiousity sake

IMO it depends on the the financial status of the family.

[damaxer91]

So if someone is in a bad financial situation spending $299 is acceptable? What is the floor?

[DovtheBear]

What is the standard in the Frum world? How much is one expected to spend?I'm B"H happily married, but just for curiousity sake

Oh. Was gonna wish you a MT. 

[judahk88]

So if someone is in a bad financial situation spending $299 is acceptable? What is the floor?

I would say the floor is about $1500-2000

[damaxer91]

I would say the floor is about $1500-2000

And average is 4k-5k?

[judahk88]

And average is 4k-5k?

Yea I would say that.

[damaxer91]

Yea I would say that.

Thanks.

[Dan]

So if someone is in a bad financial situation spending $299 is acceptable? What is the floor?

Meh, my mother is still waiting for one...just depends on priorities I suppose.

And average is 4k-5k?

Sounds on the high end to me.  Especially if you "know" someone in the business as we all do.  Got both a diamond and setting that way.
Diamonds have no intrinsic value as it is, just one big farce.

[myb821]

i think 4-5k average makes sense

[aussiebochur]

Diamonds have no intrinsic value as it is, just one big farce.

Girls like them. Isnt that the the beginning and end of it? The bigger the better

I presume the "2 month wages" thing doesnt quite work for most yeshiva guts, ha?

[Dan]

i think 4-5k average makes sense

Unless prices have gone way up since I was looking there were plenty of very nice though not huge diamonds to be had for $1,500-$2K and settings for under $1,000.

[damaxer91]

Girls like them. Isnt that the the beginning and end of it? The bigger the better

I presume the "2 month wages" thing doesnt quite work for most yeshiva guts, ha?

They like them yes, but the nicer stuff comes once you can actually afford it.

[Dan]

Girls like them. Isnt that the the beginning and end of it? The bigger the better

I presume the "2 month wages" thing doesnt quite work for most yeshiva guts, ha?

So get something that looks nice and put "the rest" into a good life insurance policy or towards a down payment savings account.

[Dan]

They like them yes, but the nicer stuff comes once you can actually afford it.

+1,000

[judahk88]

Unless prices have gone way up since I was looking there were plenty of very nice though not huge diamonds to be had for $1,500-$2K and settings for under $1,000.

Yea you can definitely find nice for cheaper, but I think average is about 4-5

[damaxer91]

Especially if you "know" someone in the business as we all do.

You mean most people don't buy it at Jared?

[DovtheBear]

Yea you can definitely find nice for cheaper, but I think average is about 4-5

Wow! I better start saving. 

[damaxer91]

So get something that looks nice and put "the rest" into a good life insurance policy or towards a down payment savings account.

Meh. No life insurance until you know that you actually love her. Doesn't usually happen with our kind right away, especially because we basically marry strangers

[Dan]

You mean most people don't buy it at Jared?