THE PRICE OF LOVE

How much should you really spend on an engagement ring?

An engagement ring is a symbol of love and commitment in a relationship

POPPING the question is one of the most nerve-racking experiences, but if the answer is yes, it can be one of the most exciting times too.

With so much attention lavished on the engagement ring, we take a look at how much should ideally be spent on this token of love.

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Engagement rings signify a commitment to marry and are given to a woman during a proposalCredit: Getty - Contributor

What is an engagement ring?

An engagement ring is a symbol of love and commitment in a relationship, and acts as a promise of marriage.

The ring is traditionally given to a woman by a man following a marriage proposal.

In the USA, Canada and the UK it is customarily worn on the left hand ring finger, while in Poland the engagement ring and wedding band are traditionally worn on the right hand.

In Turkey, the engagement ring is worn on the right hand until the wedding day, when it moves to the left with the wedding band.

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, that two month rule that has people sweating was actually coined by a De Beers diamond marketer and is best forgotten about.

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than buying a ring with lots of smaller stones.

, a diamond’s value, rarity and beauty are determined by factors commonly known as the 4 Cs.

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These are:

  • Colour
  • Clarity
  • Carat
  • Cut

Diamonds naturally vary in colour with the majority of them on the market being sold as near colourless.

Using the GIA (Gemological Institute of America) scale of colour, diamonds are graded from D, the least colour, all the way through the alphabet to Z, diamonds with a light yellow colour.

Truly colourless diamonds (D) are treasured for their rarity.

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As fashion trends evolve, coloured diamonds are becoming increasingly more popular and valuable.

Some people shy away from tradition and opt for coloured diamonds and gemstones insteadCredit: Getty - Contributor

The clarity scale reminds us that it is fairly common for diamonds to have natural flaws and they are rarely perfect.

These are known as nature's "fingerprints" or "birthmarks" and can look like tiny crystals, clouds or feathers.

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The beauty of a diamond is generally not greatly affected by inclusions as they can be hidden by the setting or the mount.

There are two main bodies that set these clarity scales - the GIA (Gemmological Institute of America) and the CIBJO (International Confederation of Jewellery Silverware and Diamonds).

Diamonds are measured in carats, which take into account the weight rather than size.

Outsized carat weights are rarer and more precious, and carats are split into points where 100 points are equal to one carat.

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