What should you consider spending on a diamond engagement ring?

Your diamond engagement ring marks the beginning of your life together. And, it will remain a symbol of your love and commitment to marry. Your first decision, even before you look at rings, is how much will you be spending.

A good rule of thumb when buying a diamond engagement ring is to consider setting aside two months' salary. Remember that this is a once-in-a-lifetime purchase that will last. Think of the many purchases you make for your home and yourself which don't last, which depreciate as they are used, and which you will have to repurchase several times. Your diamond engagement ring, on the other hand, has lasting value and will always be the enduring symbol of your love. It will also become an heirloom for your children.

It's important for both of you to understand that this two months spending guideline will get you the biggest and best diamond that you can afford without breaking your budget. And your diamond engagement ring is something you'll both be proud of. Forever.