How much should an engagement ring cost?

Just a few days ago I was talking to a friend about marriage. Now now don’t panic. It’s not that Shorty and I are going to get married any time soon. We’re both not ready for that yet. The subject came up because a lot of my other friends lately are getting married and every year I’m attending more and more weddings.

So the topic of the engagement ring came up. So I asked him how much he would spend on an engagement ring for his wife.
His answer:


I was like… WTF?!?!?!

Granted that my friend was from a fairly wealthy family but his logic was… “If I can spend more than RM200,000 on a car… which depreciates, why can’t I spend that amount on an engagement ring that appreciates in value”.

My reply to him was…

“Well because you get to use a car… how do you use a ring?”

So I tweeted it and I got all sorts of replies. Some replied “Who’s your friend!? I wanna marry him”… and some others replied their own formulas for calculating how much an engagement ring would cost. Some say 3 months of the guy’s pay… some say 6 months. The ones who said 3 months but heard 6 months started saying 6 months was a better formula.

Then Shaolintiger showed us this little “engagement ring calculator” here.

Screen shot 2011-04-16 at 11.21.32 AM

And it asks you all sorts of questions beyond just your income. Whether she’s pregnant or if she’s ever cheated on you… or whether you have ever got caught cheating on her…. or even how attractive she is. Haha.

So what do you guys and girls think? How much should an engagement ring cost? If it’s the thought and the symbolism that matters then is it okay for a billionaire to buy one that costs RM2,000?

PS (ad): On an ending note guys, if you guys are really into Facebook check out this initiative that’s looking to make Malaysia the Facebook capital of the world.

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