Engagement Rings Courtesy Photo (2)
Aug 24, 2011 @ 2:00 pm

Money can’t buy love, but it can buy diamonds. A new British study reveals that men are spending less on engagement rings these days, the Daily Mail reports. While in the past, rings have cost up to and around three months salary, modern grooms are putting down three weeks or less of their income, the report claims. Most brides also overestimate the cost of their rings, the paper states. Tell us: What do you think of the three month-salary rule? Let us know in the comments!

Plus, check out the hottest celeb engagement rings!

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Caitlin Petreycik

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When I was young, I used to dream of receiving a $10,000 engagement ring but now I’m wiser and more mature and realize that I may fall in <3 with a man that can't afford such an expensive ring let alone save 3 month's salary in these troubled economic times. I will be just as HAPPY with a sincere and loving proposal with or without a ring (a weeks salary or a years the material stuff can wait)!!!

-MsBrown on August 24th, 2011

Of course the debeers and other diamond merchants love the 3 month idea, it sells more blood diamonds why not start a new tradition with a different atone that does not place people’s lives in danger.

-Maureen on August 24th, 2011

My husband spent $200 on a ring when we were engaged and $400 on the side bands when we got married. He mixed and matched from the store and now I have a ring no one else has. I would rather have a cheaper ring that is unique than an expensive ring that everyone that year is sporting.

-Tia on August 24th, 2011

I don’t think the cost is relevant. But the groom should consider that he is asking his bride to wear this ring each and every day for the rest of her life, so bearing that in mind, he should spend what he needs to spend in order to give her something that suits her and that she will love.

-AK on August 25th, 2011

screw that I want a big diamond! My boyfriend makes good money. What kind of message is he sending me if he hardly has to try to buy my ring? It doesn’t have to be 3 months salary but he should be willing to spend a little more to get me the perfect ring.

-carly on August 25th, 2011

There are more important things to use that money for: a memorable honeymoon, a down payment on a house, etc. That being said, it shouldn’t be about the cost, it should be about the meaning of the ring.

-Alexa on August 25th, 2011

My husband was just graduating from college when he bought my ring, so I know it wasn’t overly expensive. It’s all relative, though. Maybe if we were older and more financially established, I might expect a nicer ring. If you’re getting caught up on the price of your ring, maybe you need to refocus on the symbolism and meaning of the ring instead of the price tag.

-Jordan on August 25th, 2011

My husband and I chose to be economically responsible when it came to choosing my ring. We both saw no point in putting such a large sum of money on a credit card but rather set a goal amount that he could afford. My ring is beautiful but not some gigantic rock like that of so many of my friends. It’s beautiful, what I wanted, represents the love my husband has for me, and most importantly…no credit card was used in its purchase.

-Kayley on August 25th, 2011

Don’t get me wrong, I long for huge, sparkly diamonds, but I love that when the time comes my boyfriend will be proposing with my grandmother’s engagement ring. Although the cost is free, the value is priceless! The thought and meaning behind the ring is the most important aspect to me.

-Elizabeth on August 25th, 2011

Oh, it’s three months’ salary now? It was “only” two months’ when my BFF got engaged 10 years ago.

I think all of it is ridiculous. Traditionally, the man bought a ring he could afford and it wasn’t necessarily a diamond.

-Mina on August 25th, 2011

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