GITNUX MARKETDATA REPORT 2024

Must-Know Engagement Ring Statistics [Latest Report]

Statistic 1

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

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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