News

Advanced Search

Couples Shelling Out More on Engagement Rings

Feb 23, 2020 9:54 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... US couples spent 4% more on engagement rings in 2019, according to a survey by wedding resource The Knot.

Consumers that took part in the study paid approximately $5,900 on average for their engagement ring in 2019, versus $5,680 the previous year, The Knot said last week. That came despite the average amount the 25,000 respondents paid for a wedding remaining steady at $33,900, compared to $33,931 the year before. 

About one-third of all respondents spent between $1,000 and $3,000 on their engagement ring, while 10% averaged under $1,000. Couples from the mid-Atlantic region shelled out the most for their ring, at an average of $7,500, while those from New England followed at $6,900. The midwest had the lowest average engagement-ring spend, at approximately $5,300.

The most popular engagement-ring stones were diamonds, chosen by 83% of respondents. About 50% of all stones weighed 1 to 2 carats. Some 54% of those surveyed opted for white gold, while rose gold was the second-most popular metal, chosen by 14% of couples.

When it comes to wedding bands, the average cost of the bride’s ring was $1,100, with white gold the most popular material. For men’s wedding bands, respondents paid an average of $510, with tungsten ranking as the favorite metal.

A large percentage of those surveyed preferred to buy their rings in a brick-and-mortar store, with 70% choosing that option. Of those, 40% bought from a local or independent retailer, while 30% went to a national or regional jewelry chain. Within that category, 28% purchased at Kay Jewelers, 20% at Zales and 14% shopped at Jared.

Image: A couple getting engaged. (Shutterstock)
Tags: engagement-ring spending, Jared, Kay Jewelers, Rapaport News, The Knot, Wedding Report, zales
Similar Articles
IGI labIGI Reopens Global Offices
Jun 01, 2020
The International Gemological Institute (IGI) has reopened several offices around the world following coronavirus-related
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.