Average Diamond Engagement Ring Cost

As we mentioned above the average amount spent on an engagement ring in the united states is about 6 350.

Average diamond engagement ring cost. In some states the average diamond ring sells for as little as 3 005 while in other the average price gets close to the five figures. If you re deciding how much to spend on an engagement ring there are several factors to consider. To answer this question even further creditdonkey conducted an independent survey across several major cities in the u s. The price for an engagement ring can vary dramatically depending on the type of diamond and setting you d like.

Round is the most popular diamond shape followed by princess and oval. However this is skewed by the cost of very expensive engagement rings. South dakota has the cheapest average price for an engagement ring at 3 005 with maine close behind at 3 184. The most popular engagement ring cut is the round brilliant diamond the average woman s ring size is about 6.

According to the knot 2019 jewelry and engagement study the average cost of an engagement ring is currently 5 900. If anything is certain it s that diamonds remain a serious investment. The average cost of an engagement ring is 6 163. Here are some other interesting statistics on engagement rings.

Back in 2011 the average spent on engagement rings was 5 095. That s an increase of 25 percent. December is the most popular month for buying engagement rings.