Price

The price for an engagement ring can vary considerably. Usually, they can be found within the range of a few hundred dollars to several hundred thousand dollars. Price varies by the material used, the value of the diamond, and retailer. A conventional buying price ranging from two to three months wages for a ring guideline originated from De Beers marketing materials in the early 20th century, in an effort to increase the sale of diamonds. [6][7]When shopping for rings with one or more diamonds, the price can depend significantly on the carat weight, color, clarity and cut of the diamond, otherwise known as gemological characteristics of the diamond.