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In the United States, the average diamond engagement ring costs between $2,500-3,000. For those with a little more room in their budget but still looking to save where they can, here are some tips ...
Tiffany & Company, Union Square, Manhattan, storage area with porcelain, c. 1887 Tiffany & Co. was founded in 1837 by Charles Lewis Tiffany and John B. Young, [12] in New York City, as a "stationery and fancy goods emporium", with the help of Charles Tiffany's father, who financed the store for only $1,000 with profits from a cotton mill. [13]
The most common setting for engagement rings is the solitaire prong setting, which was popularized by Tiffany & Co. in 1886 and its six-claw prong setting design sold under the "Tiffany setting" trademark. The modern favorite cut for an engagement ring is the brilliant cut, which provides the maximum amount of sparkle to the gemstone. [46]
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.
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