People dream of the moment they get engaged, often citing it as one of the happiest days of their lives. Dont rely on love at first sight when it comes to the ring. Our advice? This type of policy will refund the market value of the engagement ring. Think you have to sacrifice style to make a savvy engagement ring purchase? If you're looking for more affordable engagement rings, you have tons of options and company. A one carat engagement ring typically costs around $5,500, but most couples spend over $6,000and 7 percent spend over $10,000. What is the Salary Rule for Engagement Rings? It refers to the angles of the diamond, not the shape. Visit a quote page and your recently viewed tickers will be displayed here.