What Is A Good Amount To Spend On A Promise Ring

Jewelry promise rings typically range from 500 to 2 000.

What is a good amount to spend on a promise ring. At kay jewelers they range from 199 to 599. How much should a promise ring cost. However it can be given for many different reasons as a symbol of chastity loyalty monogamy friendship or even a promise to oneself to stay clean and sober. Just like with engagement rings and other jewelry there aren t any specific rules explaining how much you should spend on a promise ring.

You should spend 2 months salary on an engagement ring. If you make 60 000 per year spend 10 000 on the engagement ring. Our study found that one third of all respondents are spending between 1 000 to 3 000 on their engagement ring. The average millennial couple aged 18 34 spends just over 3 000 on an engagement ring while the average couple spends about 2 800 according to a td bank survey of over 1 700 u s.

There are no rules or guidelines around how much to spend on promise rings but it s usually significantly less than an engagement ring. A promise ring is a symbol of commitment and is often seen as a pre engagement ring. Promise rings can range in price from just a few hundred dollars for a simple elegant ring made from gold or sterling silver to several thousand dollars for a promise ring that features diamonds and or other gemstones. While 5 900 is the national average cost of a ring the spend per couple varies.

Remember often people purchasing promise rings are younger and don t have the financial means to be spending a lot of money mcleskey dolata says.