to have or to not have engagement party?

[Sailor Mercury]

It used to be a little party to announce the engagement of a couple and no gifts were given during these parties. Light appetizers and cocktails were served, and only the very rich held such announcements for their friends and families.

An engagement party nowadays is usually a "getting to know you" type deal that the couple throws so their parents can meet, or it's thrown by someone else, like a friend. No gifts are given, still, and if something is brought, it's usually wine and cheese or that sort of thing. Many brides will take this opportunity to announce their bridesmaids, too.

It is not customary to throw yourself an engagement party and is looked upon as a gift grab when it's not that at all. If you want one, have one within the next month. Any longer than that, and it will look silly. Congrats on your engagement