Originally posted by: Skoorb
Originally posted by: JulesMaximus
2 x your monthly income is the standard I believe.
Edit-There's an engagement ring for every income. The diamond industry has seen to this.
I always think that you'd have to be a raving loonie to spend that much on a ring! I recall having spend 2/3 of what I was making at the time, and only that much because the money was sitting in an account.
I always recommend against borrowing money for something like a ring, because it's a pure luxury. If you must you can upgrade for her and buy her a bigger one when you have the money, years down the road.