💍 Introduction: The Budget Question Every Couple Asks

You’re ready to pop the question—but how much should you spend on the ring? This question is one of the first (and most stressful) parts of planning a proposal.

The truth? There’s no one-size-fits-all rule, especially in today’s world. At Bijouterie Jamil, we help couples across Canada find engagement rings that match both their love story and their budget. In this post, we break down what people are really spending, what factors into cost, and how to make the most of your budget.

💸 Is the “3-Month Salary Rule” Still a Thing?

You’ve probably heard the outdated advice: “Spend three months of your salary.” That rule came from a marketing campaign, not financial experts.

In reality:

• Many Canadians spend 1 to 1.5 months’ salary.

• Some couples decide together what feels right.

• Custom jewelers (like us) can maximize value no matter the budget.

🇨🇦 What’s the Average Engagement Ring Cost in Canada?

In 2025, the average spend in Canada is between $3,500 and $6,500 CAD, but that number varies widely based on:

• City (e.g., Montreal vs Toronto)

• Diamond type (lab vs natural)

• Custom vs commercial designs

• Metal (gold, platinum, etc.)

💡 In Montreal, we often see budgets around $2,500–$5,000 for lab-grown diamonds, and $5,000+ for natural diamonds.

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🧠 3 Key Factors That Influence Price

1. Diamond Type: Natural vs Lab-Grown

• Lab-grown diamonds offer 30–50% savings with identical appearance.

• Natural diamonds maintain higher resale value.

2. Size and Quality (4 Cs)

• Carat, cut, color, clarity—these all influence price.

• You can get a better-looking diamond by prioritizing cut and compromising slightly on clarity.

3. Ring Design and Metal

• Custom designs and platinum settings are more expensive.

• Yellow gold or white gold are affordable and durable choices.

✅ How to Set a Smart Engagement Ring Budget

• Be realistic: Don’t go into debt. It’s the love that matters, not the price tag.

• Talk about it: Some couples plan together. Others prefer a surprise with some behind-the-scenes research.

• Set priorities: Would you rather have a bigger diamond, or a custom setting? Do you want it fast or handmade?

Tip:

Lab-grown diamonds are ideal if you want:

• A bigger stone

• A modern, ethical choice

• More customization with your budget

📊 Sample Budget Scenarios

💬 FAQs

Is it rude to spend less than $3,000 on a ring?

Not at all. What matters is thoughtfulness, not price. You can get a gorgeous lab-grown ring under that amount.

Should I finance an engagement ring?

If it’s manageable and interest-free, maybe. But avoid long-term debt for a ring—there are always elegant options within budget.

Are rings cheaper in Montreal?

Yes, especially if you shop with a private jeweler like Bijouterie Jamil, who eliminates retail markup.

🏆 Why Buy Your Ring from Bijouterie Jamil?

At Bijouterie Jamil, we offer:

• Transparent pricing

• Private consultations

• Ethical sourcing

• Custom design services

• Both lab-grown and natural diamonds

We’ll never pressure you to overspend—we’re here to make the process joyful, respectful, and tailored to your story.

📅 Book a Free Consultation Today

Whether your budget is $2,000 or $20,000, we’ll help you create a ring that captures your love perfectly. Ready to get started?

👉 Contact us today or visit us in Montreal to explore your options.