Well I spent about $15 on the engagement ring for my wife.
I made my on stone. I made two different types of glass one slightly ruby and one green. I melted them together so that the colors of the two glasses started to twirl like a cats eye. I gave it a heat treatment so that it partly crystallized. From the resulting gob I selected a nice piece, cut it, ground it into shape, and polished it.
I was planning to make my own ring. But after some failed experiments with casting brass in self made moulds I decided that I was not confident enough with metalwork to try on silver. I also was anxious to propose as the ring 'project' already had taken a lot of time. Instead I bought a silver ring from a store removed the cheap imitation gem and fitted my stone instead.
It might not be the most expensive ring, but it certainly is the only one of its kind in the world. And I have certainly made up for it in hours. It took many weeks of sifting through glass formulas, learning about gem shaping, trying, testing and not to mention endless evenings of grinding and polishing to get the thing right.
It is funny. Some of my wife's friends are of the bigger the stone the better type. Yet when my wife tells the story of how her husband to be was disappearing evenings at a row without revealing his whereabouts or the reason, and how she was getting worried until he finally reappeared with a ring, I do sense a glimmer of jealousy.
I guess what I'm wanting to say is. When you propose to someone you should give him/her a token of your trust. A part of yourself as collateral so to speak. And that part does not necessarily have to be part of your wallet.
(By the way when we got married we had a real goldsmith make the rings, mainly because we wanted to make certain that they were on time).
EDIT. I almost forgot. Congratulations. May she prove to be a worthy catch
