How Much Should I Spend on an Engagement Ring?
For decades, the “rule” was to spend three months’ salary on an engagement ring.
If we take Sydney’s average annual income of around $100,000, that would mean an expected spend of roughly $25,000.
It’s a number born from clever marketing, not meaning.
Times have changed — homes cost over a million dollars, and weekly rents can approach $1,000.
Love isn’t measured by what you spend.
It’s reflected in the intention behind it.
An engagement ring is not about proving your worth — it’s a symbol of your promise.
And that symbol should be beautiful, considered, and made to last.
1. The Design
The design should reflect your partner’s taste — she’ll be looking at it every day — but it must also be made with integrity.
A ring’s longevity depends on its craftsmanship. Regardless of metal choice or centre stone, a well-made ring will stand the test of time.
If claws or bands are too fine, the structure can bend or break, risking loss or damage. Thoughtful design also ensures the ring can be resized or repaired if ever needed.
Beautiful design begins with balance — between form, function, and emotion.
2. The Gemstone or Diamond
We recommend choosing a stone that can withstand daily wear. Look for a Mohs hardness of 9 or above — this includes diamonds (white or coloured, natural or lab-grown), sapphires, and rubies.
Emeralds and tourmalines are undeniably beautiful, but they’re more delicate and best suited to occasional wear.
Durability and design should always coexist.
3. The Budget
Your budget should reflect what feels right for you.
There is no rule — only what aligns with your values and priorities.
At The Lis, we offer a curated range to suit different budgets and styles.
For bespoke designs, we begin with your vision — design, gemstones, and how much you wish to invest. From there, we present considered options that honour both your ideas and your means.
True luxury is found in thoughtfulness, not excess.
So, How Much Should You Spend?
It really comes down to three things:
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Do you trust your jeweller?
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Do you see value in what you’re purchasing?
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Will your partner love it?
Let us take care of the details and help you create a ring that feels just right — a reflection of your story, your love, and your future together.
