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An engagement ring, also known as a betrothal ring, is a ring indicating that the person wearing it is engaged to be married, especially in Western cultures. A ring is presented as an engagement gift by a partner to their prospective spouse when they propose marriage to represent a formal agreement to future marriage.
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The average amount Americans spent on an engagement ring in 2023 was $5,500, according to The Knot.. The most popular price range for wedding bands runs from $700 to $1,200, according to ...
Jewelry companies have begun to advertise engagement rings for women proposing to men. [9] Folk traditions in countries including Scotland , Ireland , England , and Finland allow women to propose on leap days , sometimes with any man rejecting such a proposal being expected to pay a forfeit to his suitor, usually through a gift of clothing.
For example, a private jeweler like Verstolo could get you a similar ring for between $200,000-$250,000 with a natural stone or $10,000 if lab-grown. Related: Her Wallet Is Feeling Euphoria!
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