My advice: Don’t go overboard. Nothing is worse then starting married life with debt. Jewelers will tell you that spending about a month or two months salary is about right. No f’n way! Buy a ring as a symbol of love, not as a symbol of status. By the way, I speak from experience. My ex-husband bought me an ostentatious ring in the early 1980’s for about $10,000. We were in debt from the beginning, ended up divorced and I turned gay! Ummm…well I really was already gay…but that damn ring helped ease me out of the closet. good luck!