When my OH very unexpectedly proposed to me he told me that he had saved up £2k before we went ring shopping.
I tried on many rings within the budget, none had the 'wow' factor, all were very 'nice'. In the shop there was a one that was £2k over budget and just for laughs I tried it on. It was stunning, I will never forget the moment I held my hand out as even the OH said Wow, he hates jewellery. It really was stunning and suited my not so delicate finger so much better!
We both work, have ok jobs and had just sold our respective properties and bought a house together. I had some savings and asked if he would be offended if I could pay the difference and get the ring. He agreed (I would NEVER have asked him to pay for it all) & we bought it together.
6 years on there is not a day that I don't look at my beautiful ring and smile. I have not regretted it, in fact it's the opposite. It's definitely not the biggest ring in my circle of friends. But I am so glad I got my 'big' ring. The sharing the cost has not even been mentioned since it was paid for.
I didn't get married in the end as a matter of weeks later found out I was pregnant, it is now 2 kids later & priorities have changed. I would never have 'upgraded' my ring, the thought now of spending £4k on a ring makes me shudder! We are having a quiet registry office wedding next year.
My ring was my one and only 'selfish' luxury in my life. I own no other 'proper' jewellery except a £160 watch & would not dream of even spending £100 on a bag! But my 'expensive' ring makes me happy every single day, if that makes me a materialistic spoilt brat then I will happily wear that label!
If you want the dream ring and can afford it, go for it, you'll be wearing it everyday for the rest of your life. Work out the cost per wear and it doesn't seem so bad! And if you ever need to, it can always be sold!