Cost of Wedding Ring

I'm sure there a few factors . You could google what factors are considered in ring appraisals. I know replacement cost plays a factor. I work in insurance and my fiance took the ring to ENGLAND to propose in front of Buckingham Palace!!!! And after the proposal, I was like "OMG you brought that a the way over here, no insurance blah blah blah! We have to insure this right away when we get home " Lol

View quoted message Do you know why that is? My ring was appraised in USD, and my fiancée was surprised to hear that number - let alone the CND, given the poor conversion rate at the time.
He proposed on a trip, so he insured it before we left and had me add it to the house insurance as soon as we got back. You should have seen him squirming at airport security when they started going through his bag and almost took out the ring box!! Haha

View quoted message Appraised value is usually higher than the purchase price, if the ring is well made and of good quality. My appraisal came in much higher then the purchase price. You should get your engagement ring insured at that value. I got mine insured right away.

My ring is a Hearts on Fire and the was appraised at a high value but quite honestly the numbers meet absolutely nothing! It's about what you love and how you want your set to look together. I didn't buy the Hearts on Fire wedding band because I didn't like it so I had a custom piece made that was only 1/9 of the cost of my engagement ring. It's beautiful and I can't wait to wear it. Just because it has a higher $$$$ value doesn't mean it's better. You have to look at quality, price point , materials used. I know so many people to dropped loads of money because of price tag and they weren't happy, didn't meet their expectations and they felt taken advantage of. So don't let that happen to you. Just find something you like, that's great quality, that will last you for the rest of your life.

I dont think the cost of your wedding ring should be dependent on the cost of your engagement ring. I think you should find a ring that you like that compliments the engagement ring well regardless of cost (as long as it stays in your budget). Personally i am only getting one ring...my engagement ring is my wedding band and it cost $450. Theres no right or wrong... Its just whatever you are comfortable with

My fiancé has reassured me that he did NOT pay near what it was appraised as. I’m not sure how that works.

If you can afford $4400 for a wedding ring, that's awesome. But most couples can't, or don't want to spend that kind of money. I have a lovely solitaire with yellow gold band and paired it with a plain gold band which belonged to my husband's grandmother. There is no rule as far as how much should be spent on the ring(s). Do what your budget allows and in your case, have the rings insured. With over $20,000 sitting on your hand, I would have insurance to cover loss or theft.

That seems like a lot to me, but also by your calculations, your engagement ring costs almost as much as my entire wedding will. My fiancee and I spent about $500 each on our engagement rings and will probably spend $1000 each on wedding bands.

If you've got the money to blow on a really expensive piece of jewellery, that's your prerogative, obviously. But I would focus more on finding something that you like! If you see a band that you like, don't worry about whether it should cost more. You're not obligated to spend a lot of money on a wedding ring just because your engagement ring is expensive.