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Data from Rare Carat, an online diamond marketplace for engagement rings, found New Jersey is the third-most expensive state for engagement rings this Valentine’s Day, averaging $10,445 per ring ...
The average engagement ring budget varies widely depending on personal finances and preferences. However, many surveys suggest that most people spend between $1,500 to $5,000 on an engagement ring ...
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In the UK, estimates of the average cost of an engagement ring range from £1200 to £2000. Scholarly research indicates that expensive engagement rings are associated with early divorces, possibly because spending more than US$2,000 on an engagement ring is strongly associated with debt-related stress. [31]
1.13-carat (226 mg) round diamond engagement ring. The origin of the custom to use diamonds in rings, and more recently, in engagement rings, can be traced back to the Middle Ages and even the Romans. The Romans valued the diamond entirely on account of the supernatural powers they ascribed to it.
In 2008, despite the start of a recession, the price spent on the average engagement ring increased to $5,861. [22] In 2012, Americans spent about $7 billion on diamond rings. [23] The bride may additionally spend a few hundred dollars on a necklace or other jewelry to wear with her wedding dress. [22]
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