Typically, the parents of the couple or perhaps even other family members - such as siblings - may give speeches. And since it's your event, you might like to say a few words, expressing your gratitude and excitement.
The traditional rules of etiquette dictate that guests invited to the engagement party should also be invited to the wedding. However, the guest list will likely be shorter. Often the idea is to make this a more intimate event than the wedding itself. But this is no longer the only accepted approach—times have changed!
I just want to take a moment, on behalf of myself and my new fiance, to thank you all for coming tonight. We really appreciate everyone taking the time to come and celebrate our engagement with us. So I'd just like to raise a glass in appreciation for you all being here tonight. Thank you!
Short and sweet is the name of the game here: Both Lovelace and Franklin agree that an engagement party speech should be no longer than two minutes.
Generally speaking, both sets of parents of the engaged couple should be invited, as well as step-parents and grandparents, siblings, close aunts, uncles, and cousins, as well as members of your bridal party (if you're organized and know who they are), and of course, close friends, coworkers, and acquaintances.
Engagement parties don't require gifts. A card, a bouquet, or a bottle of wine are all appropriate if you're really uncomfortable not taking something, but this isn't a gift-giving event.
Remember to RSVP on time, arrive punctually, dress appropriately, bring a gift, mingle with other guests, and congratulate the happy couple. As a host, plan ahead, communicate with guests, provide ample food and drinks, create a welcoming atmosphere, and thank guests for attending.
Typically fairly uncommon to have an engagement party at all. More common to do a mini one (drinks/meal at pub) with wedding party.
Speak to their relationship and the love they share, tell everyone a short story about how they met, and toast with all the enthusiasm and warmth to the wonderful future they have ahead of them.” End your toast with a nod of positivity and all the beautiful moments to come.
I just want to take a moment, on behalf of myself and my new fiance, to thank you all for coming tonight. We really appreciate everyone taking the time to come and celebrate our engagement with us. So I'd just like to raise a glass in appreciation for you all being here tonight. Thank you!