GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost For Engagement Ring

The average cost for an engagement ring in the United States is around $6,000.

Statistic 1

"Platinum settings are chosen by 20% of engagement ring buyers."

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Statistic 2

"Americans spend around two months' salary on an engagement ring."

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Statistic 3

"The average cost of an engagement ring in the United States is approximately $5,500."

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Statistic 4

"Diamonds account for 82% of all engagement rings sold."

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Statistic 5

"27% of engagement rings are bought online."

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Statistic 6

"Millennials spend an average of $3,000 on engagement rings."

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Statistic 7

"60% of engagement rings are purchased from local jewelers."

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Statistic 8

"62% of couples shop for rings together."

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Statistic 9

"Men spend an average of $7,000 on an engagement ring while women spend around $1,500."

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Statistic 10

"Only 0.1% of engagement rings feature synthetic diamonds."

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Statistic 11

"The average cost of an engagement ring in the UK is £1,865."

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Statistic 12

"The average engagement ring costs roughly $6,000 in 2021."

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Statistic 13

"Engagement rings with vintage designs cost on average $3,500."

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Statistic 14

"The average amount spent on an engagement ring has increased by 25% in the last decade."

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Statistic 15

"81% of ring purchasers report setting a budget before shopping."

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Statistic 16

"25% of couples finance their engagement ring purchase."

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Statistic 17

"The average solitaire setting costs about $4,000."

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Statistic 18

"Custom-made rings account for 20% of engagement ring sales."

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Statistic 19

"One in three engagement ring purchasers go into debt to buy the ring."

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Statistic 20

"The average 1-carat engagement ring costs around $4,700."

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