Is a $4000 ring considered expensive?

Is $4000 ring considered expensive in Australia depends on context, but generally $4,000 is considered moderately expensive for engagement ring, above average but not luxury. Average engagement ring cost in Australia in 2024-2025 is $5,000 to $6,000 according to jewellery industry data, with median $4,500, so $4,000 is slightly below average, considered mid-range, not cheap but not expensive. For general jewellery, $4,000 is expensive for fashion jewellery, as most fashion rings cost $100 to $500, so $4,000 is high-end. For engagement ring, $4,000 buys 0.5 to 0.7 carat diamond with setting, which is respectable, with many Australians spending $3K to $5K. Compared to high earners making $400K per year, $4,000 is 1% of income, considered affordable, while for average income $70K, $4,000 is 5.7% of income, considered expensive. For luxury market, $4,000 is entry-level, as luxury rings from Tiffany, Cartier start $10K to $30K for 1 carat+. So $4,000 ring considered moderately expensive for average person, mid-range for engagement, entry-level for luxury, but for most Australians it is significant purchase requiring saving, with insurance $60 to $100 per year recommended for $4K ring.