What is the average cost of an engagement ring?

The average cost of an engagement ring in the United States is around $5,500, but prices can vary greatly depending on factors like the size and quality of the diamond or gemstone, the metal used, and the brand or retailer selling the ring.

What is the most popular diamond shape for engagement rings?

The round brilliant cut diamond is the most popular shape for engagement rings, accounting for about 60% of all diamonds sold. It is known for its maximum sparkle and is a classic choice for many couples.

Which metal is the most popular choice for engagement ring bands?

White gold is the most popular metal choice for engagement ring bands, followed by yellow gold, rose gold, and platinum. White gold offers a more affordable and durable option compared to platinum while still providing a modern and elegant appearance.

What is the traditional carat size for engagement rings?

There is no specific "traditional" carat size for engagement rings, as the ideal carat size varies by personal preferences and budget. However, the average carat size for an engagement ring tends to be around 1 to 1.5 carats.

How long should a couple typically spend shopping for an engagement ring?

It's recommended that couples spend about two to three months shopping for an engagement ring. This allows enough time to research options, visit jewelry stores, compare prices, and finalize the perfect ring design to match their preferences and budget.

Must-Know Engagement Ring Statistics [Latest Report] • Gitnux

In this post, we present a collection of insightful statistics related to engagement rings in the US. From the average cost of an engagement ring to preferences in diamond shapes and shopping behaviors, these statistics offer a comprehensive glimpse into the trends and choices surrounding this significant piece of jewelry.

Statistic 1

"The average cost of an engagement ring in the US is $5,900."

Statistic 2

"85% of brides receive a diamond engagement ring in their proposals."

Statistic 3

"About 58% of engagement rings purchased are round diamonds."

Statistic 4

"The most popular month to buy an engagement ring is December."

Statistic 5

"70% of engagement ring shoppers consider certification and grading reports important when making their purchase."

Statistic 6

"About 75% of American brides wear a traditional gold and diamond engagement ring."

Statistic 7

"97% of brides are satisfied with their engagement ring, while 3% wish they’d been more involved in the selection process."

Statistic 8

"Lab-grown diamond engagement rings have risen in popularity, with a 40% increase in inquires in 2019."

Statistic 9

"The most popular diamond carat weight for engagement rings is between 1 and 2 carats."

Statistic 10

"69% of brides prefer a traditional diamond as the main stone in their engagement ring."

Statistic 11

"About 30% of couples shop for an engagement ring together."

Statistic 12

"The average length of time couples date before getting engaged is 4.9 years."

Statistic 13

"66% of people responded that they would be open to receiving a pre-owned or heirloom diamond engagement ring."

In summary, engagement ring statistics in the US reveal key trends such as the average cost being $5,900, with the majority of brides receiving a diamond ring and preferring traditional designs. The popularity of round diamonds and gold settings remains high, with December being the peak month for purchases. The rise of lab-grown diamonds and the preference for certification and grading reports showcase evolving consumer behavior. Couples typically date for nearly 5 years before getting engaged, and a significant portion are open to pre-owned or heirloom rings. Overall, the data highlights a mix of tradition and modern preferences shaping the engagement ring market in the US.