GITNUX MARKETDATA REPORT 2024

Statistics About The Average Ring Cost

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

Statistic 1

"The average cost of a woman's engagement ring in the U.S. is $5,500 -"

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Statistic 2

"In the UK, the average spend on an engagement ring in 2020 was £2,419 -"

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Statistic 3

"The traditional rule of thumb was to spend three months' salary on a diamond engagement ring but now, the average is around one week's salary -"

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Statistic 4

"Millennials, on average, are spending around $3,000 on an engagement ring -"

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Statistic 5

"The national average for wedding bands in 2019 was $1,100 for women and $500 for men -"

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Statistic 6

"In 2019, most American couples expected to spend between $1,000 and $5,000 on an engagement ring -"

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Statistic 7

"As of 2020, Americans are spending an average of $7,500 on engagement rings -"

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Statistic 8

"The average cost of an engagement ring in Australia is AUD $5,134 -"

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Statistic 9

"In 2019, the average cost of an engagement ring in Canada was CAD $4,500 -"

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Statistic 10

"The average price for an engagement ring in 2020 in Beijing, China is ¥ 30,000 -"

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Statistic 11

"The average price for an engagement ring in France is €1,200 -"

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Statistic 12

"In 2020, the average cost of an engagement ring in Germany was around €2,300 -"

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Statistic 13

"The average cost of an engagement ring in India is 50,000 INR -"

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Statistic 14

"The average engagement ring cost in Singapore is SGD $4,000 -"

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Statistic 15

"Men in the UK on average spend around £1,471 on their engagement ring -"

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Statistic 16

"The average cost of an engagement ring in Ireland is €1,849 -"

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Statistic 17

"The average cost for an engagement ring in Spain is €1,350 -"

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Statistic 18

"The average cost of an engagement ring in Hong Kong is HKD $38,000 -"

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