If people want to spend their money on a ring then I have no issue with that. Personally my wife is quite frugal about signs of material wealth (raised in a family with money that drove old Honda's etc) and had very strong opinions about not wanting an expensive ring. Instead we spent our money on a honeymoon exploring Asia and Europe - I wouldn't trade that time for any ring. Travel may be a privilege but teaches you a lot more about the world and the person you want to spend the rest of your life with.