9+ Heartwarming Average Price Of Diamond Engagement Ring

What is the average cost for an engagement ring.

Average price of diamond engagement ring. For instance you can buy a one-carat diamond engagement ring for the price of 9500 to 35000 depending on the design. According to a study by Weddingwire in 2021 the average wedding ring costs 5500 and 18 of people invest more than 10000. On average according to jewelry industry estimates diamond engagement ring prices range from 3500 to 5000.

Dont be pressured into a ring you cant afford. I turn to the national average cost for an engagement ring which was 5764 in 2017. On the low end.

This really doesnt tell us much other than 50 of people bought rings below that price and 50 bought rings that were much more expensive. And while that might be the average we also found 4 of respondents to our survey spent over 20000 on their engagement ring and 15 spent over 25000. From this selection we sold many different designs.

Back to Engagement Rings. 81 of Americans think the engagement ring shouldnt cost over 5000 but the national average actually spent is over 7000. However this is skewed by the cost of very expensive engagement rings.

As we mentioned above the average amount spent on an engagement ring in the United States is about 6350. According to The Knot 2020 Jewelry and Engagement Study the average cost of an engagement ring is currently 5500. The current national average cost of an engagement ring is 6351 for a 12 carat center stone diamond ring with a total ring carat count of 18.

Thats because its much harder for a diamond cutter to find a good piece of raw material to cut into a beautiful 2 carat stone than material to make smaller diamonds. LEARN MORE FEATURED IN. COST Up to 75 Cheaper than Diamond.