GITNUX MARKETDATA REPORT 2024

Statistics About The Average Diamond Ring Price

The average diamond ring price varies widely depending on factors such as the carat size, cut, color, and clarity, but generally ranges from $1,000 to $10,000.

With sources from: purelydiamonds.co.uk, businessinsider.com.au, weddingwire.com, vogue.fr and many more

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.

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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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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Statistic 18

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

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Statistic 19

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

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Interpretation

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.

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