Yes, mine was in that range. Just a tip, you may already know this, but if she gets yellow gold, get the lowest carat weight. They look just as good and are tougher, and cost a lot less. My parents bought mine for me, and I wore it everyday from November of my sophomore year of high school until October of my junior year of college, which is when I got my college ring (which I now hate and am considering paying the $55 fee to have a new one made...I really thought I liked it, but it just isn't what I thought it was). I bought my college one with no help from my parents. No way would I ask them to spend that much money twice! If she'll wear it it's a nice nice thing. I wore mine everyday, so I don't think my parents regretted it.