ENGAGEMENT RINGS: THE SURPRISING PRICE LINKED TO LONGER-LASTING MARRIAGES

Many couples place undue emphasis on the material value of the engagement ring

Forget the three months' salary rule. Research suggests couples who spend less on an engagement ring may actually enjoy longer-lasting marriages.

For decades, buying an engagement ring has come with one overwhelming question: how much should you spend?

While celebrity proposals featuring enormous diamonds often dominate headlines, new research suggests a bigger price tag may not translate into a happier or longer-lasting marriage.

In fact, studies from the United States indicate there may be an engagement ring cost "sweet spot", with rings priced between US$500 and US$2,000 associated with lower divorce rates than significantly more expensive purchases.

Family lawyer Michael Tiyce says many couples become caught up in expectations rather than focusing on what really matters.

"Many couples place undue emphasis on the material value of the engagement ring rather than focusing on the emotional significance of their commitment," he said.

"The pressure to conform to societal expectations can lead to overspending on a ring, which research indicates does not necessarily reflect the strength of the relationship."

Engagement ring cost shouldn't dictate your budget

Rather than following outdated rules about spending several months' salary on a ring, Tiyce encourages couples to choose something that fits comfortably within their financial situation.

Setting a realistic budget can help avoid unnecessary financial stress before wedding planning even begins.

He says the cost of a ring should be considered alongside other major financial goals, including buying a home, starting a family or building long-term savings.

"The value of your engagement lies in the love and commitment you share as a couple, not the price tag of your ring," he said.

Cost is only part of the picture

Financial transparency is just as important as choosing the ring itself.

Tiyce recommends couples have open conversations about income, savings, debts and financial priorities early in the engagement.

He also suggests discussing what matters most, whether that's investing in a memorable honeymoon, hosting a larger wedding or prioritising future financial security.

Being aligned on spending priorities can reduce unnecessary conflict and help couples make decisions together.

The ring cost won't determine a successful marriage

According to Tiyce, flexibility and teamwork are often far more valuable than an expensive piece of jewellery.

Unexpected costs are common during wedding planning, making it important for couples to adapt their plans rather than feeling pressured to overspend.

He says engagement should be viewed as the beginning of a shared financial journey rather than a single extravagant purchase.

"The value of your engagement lies in the love and commitment you share as a couple, not the price tag of your ring or the extravagance of your celebration," he said.

With wedding costs continuing to rise, experts say many couples are choosing practicality over tradition.

The research suggests the most meaningful investment may not be the diamond itself, but the financial habits couples build together long before they say "I do".