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The size of diamond is also influencing current styles, and according to Diamond Information Center, traditional one carat solitaire diamond engagement ring has now grown to three and four carats.
One only had to witness jaw dropping display of jewels at this year's Oscars - some $40 million worth - to reinforce notion that in minds of most celebrities "bigger is better". Never mind that their cherished booty had to be returned to vaults from whence they came next morning.
But our ever-increasing fascination with all things "bling" begs question "What about poor sucker who has to PAY for this excess?" The traditional measurement for any would-be suitor to determine how much he should be willing to part with for engagement ring was arbitrarily set at three months's salary, which is fine if he's earning a healthy six-figure salary. But try telling Joe Schmo, whose monthly budget doesn't extend much beyond local Thai take-out, that he's up for what could be many thousands of dollars, and you'll see his face (not to mention his wallet) crumble.
Which brings me to my final point. The value of your engagement ring is not simply measured in monetary terms. nor is it measured by whether your best friend's diamond is bigger, or whiter, or more extravagant. And it's certainly not measured by whether it looks just like J.Lo's most recent accessory (and I mean ring, not husband!)
Your engagement ring is a measure of value of your relationship and what it means to both of you, now and in future. It's a symbol of all that two of you share, whether you're wearing a 2-carat rock or a dime-store copy.
Just remember, your local jeweler is probably a whiz at re-modelling, so you can always upgrade later!
Alex Miller has been involved in the jewelry industry for more years than she cares to remember! She lists her passions as "diamonds, diamonds and more diamonds" and has turned her passion into an informative website. You can find more great articles about diamonds, engagement rings, bridal jewelry, honeymoons and more at http://www.Engagement-Rings-Guide.com. The place to go BEFORE you shop for jewelry online.