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I heard there's some sort of "rule" for buying the ring. Some women were telling me there's a basic equation to figure out how much to spend that scared me to death

Yup. Two months' salary. It's a DeBeers marketing ploy. Remind me, if I ever start a company, to hire DeBeers' marketroids.

Wow, I find that pretty awful. I imagine most people would want to buy a ring that looks nice and is affordable. Nice of them to give a figure that is probably calculated to be just a bit more than most people could afford, but not quite beyond their actual ability to pay!

I do recall somebody here bought one of those new artifical diamonds, I think it was a yellow diamond and cost about 1/3rd of the price of a mined yellow diamond.

Gareth