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The Knot 2019 Jewelry and Engagement Ring Study reveals the U.S. national average cost of an engagement ring, plus a breakdown of which part of the country spends the most.
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 ...
In actuality, however, The Knot's 2017 Real Weddings Study found that the average engagement ring cost $5,764, while Brides' American Wedding Study 2018 reported that the average engagement ring ...
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]
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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