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Im a cheap fuck. My first engagement ring was off ebay. Total cost $240 for the ring set (engagement ring and wedding band) and getting it re-sized. Had it appraised by several jewelers at $2k so it was a good deal. The second time I got engaged, I paid $115 for the ring from the pawn shop. At least with the second girl I can say I wasn't being cheap. We had gone ring shopping and she was getting mad at me because I was looking at some rings that were $500-1k and she said that was WAY to much money and would never wear it because she would be too scared something would happen to it.
It really depends on the girls taste and what she wants as to how much you need to spend. Some girls just want a smaller ring while some want a diamond the size of a basketball.
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