In addition to that, you will need to set aside a budget, look for insurance options, find a ring that suits your partner, and do a lot of other things to ensure that your money is well spent.     Shopping for diamond rings might not be a simple task for most people. This is particularly true for the ones who are new to the world of jewelry or diamond ring shopping. If that is the case, you should consider taking your bride-to-be along with you while buying diamond rings. You might hear many myths and misconceptions about diamond ring shopping from your friends, colleagues, and the elder members of your family. For instance, some people will ask you to spend at least two months of your salary on the diamond engagement ring. You need to realize that there are no such rules and all you need to do is to buy a diamond engagement ring that suits your woman. The amount of money that you should spend on the ring is a matter of personal preference.