Your engagement ring is viewed as a symbol of your feelings for your partner and the meaning you place on your relationship. You want to make a meaningful choice while still remaining within a budget. Here are a few possible approaches to balance out these concerns.

How to Shop Smart

Near-identical pieces of jewelry can carry different prices depending on where you get them. The wide variation in prices can make it difficult to determine the real value of the ring you're considering, especially if you don't know much about gemstones.

Choose a trusted jeweler by getting recommendations from friends and reading reviews online. You should also do some basic research about the diamond industry and  learn how to identify a quality diamond. This way, you can make an informed decision with your jeweler.

Rules of Thumb to Follow 

There are several common ways to decide on a target budget for your engagement ring. According to a 2018 survey, the average engagement ring cost was between $5,000 and $6,000, which gives you a general idea of what others have spent. There's also an oft-quoted guideline that says you should spend the equivalent of one to three months' salary on the ring, depending on who you ask.

However, for many couples, cost isn't even the deciding factor. Ultimately, you should choose something your partner will love rather than worry about the price tag because choosing something expensive enough to put you in significant debt is no way to start a happy marriage.

For help choosing the perfect engagement ring for your partner's taste and your financial situation, visit Nelson Estate Jewelers in Mesa, AZ. Serving Maricopa County and the Phoenix area, they offer free cleanings, inspections, consultations, and second opinions. They also offer on-site jewelry design, and if you have unwanted jewelry, they'll buy it for a fair price or take it in trade. For questions, visit their website or call (480) 459-9867.