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How Much to Spend on an Engagement Ring
… a social norm, the diamond and jewelry industry influenced culture to provide guidelines on the amount to spend on an engagement ring. In the 1930s, it started with one months’ salary to buy a diamond engagement ring. By the way, only about 10% of the engagement rings at that time were diamond engagement rings. By the end of the 20th Century, over 80% of people gave diamond engagement rings. Diamond prices increased in that time frame due to simple supply and demand. …
