Statistics About The Average Diamond Ring Price

In this post, we will explore a range of statistics regarding the average prices of diamond engagement rings in various countries and regions around the world. From the average cost of a 1-carat diamond ring to the median price of engagement rings in different countries, these statistics provide a comprehensive overview of the varying expenses associated with this special purchase. Let’s dive into the intriguing data on diamond ring prices across different parts of the globe.

Statistic 1

"The average diamond engagement ring costs $3,500 to $5,000, according to an analysis by The Knot."

Statistic 2

"In 2019, the average cost of an engagement ring in the United States was around $5,900."

Statistic 3

"A diamond engagement ring’s average price in the UK ranges from £1,000 to £2,000."

Statistic 4

"A 1-carat diamond ring cost averages around $6,000 in 2021."

Statistic 5

"For a 2-carat diamond ring, the average cost is around $20,000."

Statistic 6

"The average engagement ring cost in Canada was approximately CAD$5,000 in 2019."

Statistic 7

"According to wedding wire, in 2019, €1,902 was the average price for a diamond engagement ring in Spain."

Statistic 8

"In modern times, men have been found to spend between 1 to 3 months’ salary on engagement rings on average."

Statistic 9

"The median cost of an engagement ring in the U.S was $1,900 in 2020."

Statistic 10

"Buyers in New York spend an average of $8,000 on an engagement ring."

Statistic 11

"On average, shoppers in California spend $7,500 on a diamond engagement ring."

Statistic 12

"The average price of a diamond ring in India is around INR 200,000."

Statistic 13

"On average, a diamond ring costs 499 Australian dollars in Australia."

Statistic 14

"The average price for a vintage diamond ring is approximately $18,000."

Statistic 15

"In South Korea, the average price of a diamond ring was about KRW 2 million in 2019."

Statistic 16

"The median price of a Tiffany solitaire diamond engagement ring is approximately $13,500."

Statistic 17

"The national average for a pear-shaped diamond ring price in the U.S was $9,766 in 2020."

Statistic 18

"The average price of a diamond ring in Dubai is around AED 7,000."

Statistic 19

"In France, the average price for a classic diamond ring is about EUR 1,300."

The average cost of diamond engagement rings varies significantly across different countries and regions, ranging from approximately $1,000 to $20,000 or more. Factors such as carat size, location, and economic conditions play a significant role in determining the price. Men traditionally spend between 1 to 3 months’ salary on engagement rings, with the median cost in the U.S being $1,900. These statistics reflect the diverse preferences and cultural norms surrounding the purchase of diamond rings globally.