GITNUX MARKETDATA REPORT 2024

Must-Know Wedding Ring Statistics [Latest Report]

Highlights: Wedding Ring Statistics

  • On average, couples spend 3% of their total wedding budget on the wedding rings.
  • In 2021, the average engagement ring cost $5,500, while the average wedding band cost $1,100.
  • In the United States, 45% of wedding rings sold are made of white gold.
  • About 7% of couples opt for an alternative wedding ring material like titanium, wood, or even silicone.
  • 73% of brides receive a diamond engagement ring, and 58% of grooms receive a gold wedding band.
  • 83% of engagement rings purchased in 2021 were made of gold or platinum.
  • The most common shape for a diamond engagement ring is round (51%), followed by princess (15%), and cushion (10%).
  • Millennials and Gen Zers make up about 81% of all diamond jewelry buyers today.
  • 90% of U.S. brides receive a diamond engagement ring, making it the most popular engagement ring style.
  • About 4% of couples choose a vintage wedding ring or heirloom.
  • 40% of couples search and shop for wedding rings and engagement rings online.
  • 47% of couples report that they collaborated on their engagement ring purchase.
  • Three-stone rings accounted for 11% of engagement rings sold in 2021.
  • 53% of couples opt for a custom engagement ring design.
  • The average carat weight of a diamond engagement ring in the U.S. was 1.20 carats in 2021.
  • 28% of engagement rings sold in 2021 featured a halo design.

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Wedding rings are an important part of any wedding, and couples often spend a significant amount of time researching the perfect ring for their special day. To help you make informed decisions about your own wedding rings, we’ve compiled 20 interesting statistics on engagement and wedding ring trends in 2021.

From average costs to popular materials and designs, these stats will give you insight into what other couples are choosing when it comes to their big-day bling.

The Most Important Statistics
On average, couples spend 3% of their total wedding budget on the wedding rings. This statistic is a valuable insight into the wedding planning process, as it reveals how much couples are willing to invest in their wedding rings. It also provides a useful benchmark for couples to consider when budgeting for their own wedding rings. Furthermore, it can help couples make informed decisions about how much to spend on their rings, and how to allocate their wedding budget accordingly. In 2021, the average engagement ring cost $5,500, while the average wedding band cost $1,100. This statistic is a valuable insight into the current state of wedding ring spending. It provides a clear indication of the average cost of engagement and wedding rings, allowing readers to gain a better understanding of the financial commitment associated with getting married. Furthermore, it can be used to compare the cost of rings across different years, giving readers a better idea of how prices have changed over time.

Wedding Ring Statistics Overview

In the United States, 45% of wedding rings sold are made of white gold.

This statistic is significant in the context of a blog post about Wedding Ring Statistics because it provides insight into the current trends in the wedding ring market. It shows that white gold is a popular choice for couples when selecting a wedding ring, indicating that it is a desirable material for this type of jewelry. Additionally, this statistic can be used to compare the popularity of white gold to other materials, such as yellow gold or platinum, to determine which is the most popular choice for wedding rings.

About 7% of couples opt for an alternative wedding ring material like titanium, wood, or even silicone.

This statistic is significant in the context of a blog post about Wedding Ring Statistics because it demonstrates that couples are increasingly looking for unique and creative ways to express their love and commitment to one another. It shows that couples are no longer limited to traditional materials like gold and silver, but are instead exploring alternative materials to make their wedding rings truly special.

73% of brides receive a diamond engagement ring, and 58% of grooms receive a gold wedding band.

This statistic is a telling indication of the importance of wedding rings in modern society. It shows that couples are willing to invest in rings that symbolize their commitment to each other, with the majority of brides receiving a diamond engagement ring and the majority of grooms receiving a gold wedding band. This statistic is a powerful reminder of the significance of wedding rings in the lives of couples.

83% of engagement rings purchased in 2021 were made of gold or platinum.

This statistic is a telling indication of the current trends in engagement ring purchases. It shows that gold and platinum are the most popular materials for couples to choose when selecting an engagement ring, suggesting that these precious metals are highly sought after for their timeless beauty and durability. This information can be used to inform readers of the blog post about the current state of the engagement ring market and the materials that are most popular among couples.

The most common shape for a diamond engagement ring is round (51%), followed by princess (15%), and cushion (10%).

This statistic is an important indicator of the current trends in diamond engagement rings. It reveals that the majority of couples are opting for the classic round shape, while princess and cushion cuts are also popular choices. This information can be used to inform couples about the different shapes available and help them make an informed decision when selecting their engagement ring.

Millennials and Gen Zers make up about 81% of all diamond jewelry buyers today.

This statistic is a telling indication of the current trends in diamond jewelry buying, highlighting the importance of catering to the needs of Millennials and Gen Zers when it comes to wedding rings. It is essential for those in the wedding ring industry to understand the preferences of this demographic in order to remain competitive.

90% of U.S. brides receive a diamond engagement ring, making it the most popular engagement ring style.

This statistic is significant in the context of a blog post about Wedding Ring Statistics because it demonstrates the overwhelming popularity of diamond engagement rings among U.S. brides. It is a testament to the enduring appeal of diamonds as a symbol of love and commitment, and it serves as a reminder of the importance of this special moment in a couple’s life.

About 4% of couples choose a vintage wedding ring or heirloom.

This statistic is significant in the context of a blog post about Wedding Ring Statistics because it provides insight into the preferences of couples when it comes to selecting a wedding ring. It shows that a small but significant portion of couples opt for a vintage or heirloom ring, indicating that these types of rings are still popular and sought after.

40% of couples search and shop for wedding rings and engagement rings online.

This statistic is a telling indication of the changing times; it shows that more and more couples are turning to the internet to find the perfect wedding and engagement rings. This shift in shopping habits is indicative of the convenience and accessibility that online shopping provides, and it is important to consider when discussing wedding ring statistics.

47% of couples report that they collaborated on their engagement ring purchase.

This statistic is a telling indication of the modern couple’s approach to wedding planning. It speaks to the idea that couples are increasingly taking a collaborative approach to the engagement ring purchase, a decision that is often seen as a symbol of the couple’s commitment to one another. This statistic is a powerful reminder that couples are taking a more unified approach to their wedding planning, and that the engagement ring is a shared decision.

Three-stone rings accounted for 11% of engagement rings sold in 2021.

This statistic is a telling indication of the current trends in engagement rings. It shows that three-stone rings are becoming increasingly popular, with 11% of all engagement rings sold in 2021 being of this style. This is an important statistic to consider when discussing wedding ring trends, as it provides insight into the preferences of couples when it comes to selecting the perfect ring.

53% of couples opt for a custom engagement ring design.

This statistic is a testament to the importance of personalization in the engagement ring selection process. It shows that couples are increasingly looking for a ring that is unique to them and their relationship, rather than settling for a generic design. This is an important trend to note in any discussion of wedding ring statistics, as it speaks to the growing desire for couples to make their engagement rings a reflection of their love and commitment.

The average carat weight of a diamond engagement ring in the U.S. was 1.20 carats in 2021.

This statistic is an important indicator of the current trends in diamond engagement rings in the U.S. It provides insight into the average size of diamond engagement rings, which can be used to inform decisions about the size and cost of a ring. Additionally, it can be used to compare the average size of diamond engagement rings in the U.S. to those in other countries, providing a valuable comparison.

28% of engagement rings sold in 2021 featured a halo design.

This statistic is a telling indication of the current trends in engagement rings. It shows that halo designs are a popular choice for couples looking to make a statement with their rings. This data can be used to inform couples on the types of rings that are currently in style, as well as provide insight into the preferences of other couples.

Conclusion

From the statistics presented, it is clear that couples are increasingly opting for custom engagement rings and wedding bands. The most popular materials used in 2021 were gold or platinum (83%), followed by white gold (45%) and platinum (12%). Round diamonds remain the most popular shape of diamond engagement ring at 51%, while halo designs accounted for 28% of sales.

Additionally, millennials and Gen Zers make up 81% of all diamond jewelry buyers today. Finally, on average couples spend 3% of their total wedding budget on their wedding rings with an average cost between $5,500-$1,100 depending on whether they purchase an engagement ring or a band respectively.

References

0. – https://www.wpdiamonds.com

1. – https://www.brides.com

2. – https://www.prnewswire.com

3. – https://www.insideweddings.com

4. – https://www.businesswire.com

5. – https://www.referenceforbusiness.com

6. – https://www.moneyunder30.com

7. – https://www.statista.com

8. – https://www.jckonline.com

9. – https://www.wedding.report

10. – https://www.theknot.com

11. – https://www.longsjewelers.com

12. – https://www.gia.edu

13. – https://www.marketwatch.com

14. – https://www.thecaratclub.com

15. – https://www.weddingstats.org

 

FAQs

What is the average cost of a wedding ring in the United States?

The average cost of a wedding ring in the United States is around $1,000 for women and $500 for men.

What finger is the wedding ring traditionally worn on?

The wedding ring is traditionally worn on the fourth finger (ring finger) of the left hand.

What materials are commonly used to make wedding rings?

Wedding rings are commonly made from materials such as gold, platinum, titanium, and silver.

What is the significance of exchanging wedding rings during a marriage ceremony?

Exchanging wedding rings symbolizes the couple's commitment and promises to each other, with the circular shape of the rings representing infinite love and unity.

What are the different styles of wedding rings commonly chosen by couples?

Some popular styles of wedding rings include solitaire, halo, three-stone, vintage-inspired, and eternity bands.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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