Rabbi P- i don’t think “all the girls out there” can be put into one box, especially not as the narrow example of your one friend who felt guilty about a look on his wife’s face so decided that meant he had to spend another $3000. I don’t think i’m the only girl in this generation who’d be more than happy with a CZ or a different stone, and i don’t think the majority of girls are more concerned about having the biggest diamond than putting themselves into debt for it.
Oomis: to answer your question from two years ago about overestimating the value of the ring affecting the Kidushin. You are exactly right, that is why we specifically don’t give anything other than a plain gold band for Kidushin so that the girl has a pretty good idea of what she is getting. (the engagement ring has nothing to do with kidushin).
Living in Eretz Yisrael and seeing how the expensive diamond engagement ring here is quite the exception, I and others wonder how the frum community in America fails to realize the incompatibility of their materialism with Torah values.
Here I salute the Satmar for their use of CZ.
CZs are more attractive and far less expensive. Go CZ!
Charlie, I doubt your wife agrees with you. 🙂