GDPThis is an abbreviation for Gross Domestic Product, which is the total value of all goods, services, agricultural produce and minerals extracted in a country or area, usually in one year.
Rule #4: Spend the Average Cost of a Ring. According to the a 2013 report by Jewelers of America, couples spent an average of $4000 on an engagement ring in 2012. You always have the option of presenting your potential fiancÃ©e with this information and suggesting he or she spend the average amount.
How Much Should You Spend On A Diamond? Fact: More than 85% of American ladies receive a proposal ring when their boyfriend gets on their knees to pop the question. The average size of a diamond ring is around 0.9 â 1.0 carats and costs roughly $5000 â $7000. If you are wondering how much to spend on a diamond ring purchase, most experts will tell you to spend roughly 2-3 months of your salary. This âtraditionâ dates back to the early 20th century when De Beers started mass advertising campaigns to convince the public to spend their money on diamonds.