Average cost of diamond engagement ring?

posted 3 years ago in Rings
  • poll: What did your ring cost?
    $2,000 or under : (20 votes)
    17 %
    $2,001 - 4,000 : (18 votes)
    15 %
    $4,001 - 6,000 : (16 votes)
    14 %
    $6,001 - 8,000 : (16 votes)
    14 %
    $8,001 - 10,000 : (19 votes)
    16 %
    $10,001 - 12,000 : (7 votes)
    6 %
    12,001 - 15,000 : (7 votes)
    6 %
    $15,001 - 20,000 : (6 votes)
    5 %
    over $20,000 : (8 votes)
    7 %
  • Post # 2
    Member
    878 posts
    Busy bee
    • Wedding: April 2016

    Mine is a heirloom so technically free. However, I saw a very similar possibly identical setting at an antique retailer for about 4k

    Post # 3
    Member
    2214 posts
    Buzzing bee
    • Wedding: August 1987

    In the UK our rings are more expensive because we have to pay 20% VAT.

    However, we do have the National Health Service, a jewel of an organisation that is free at the point of need.

    Post # 5
    Member
    1931 posts
    Buzzing bee

    It REALLY depends! I happen to work in high end events where the girls have rings ranging from probably $8000 to $40,000. However, I live in an area of the city where most people won’t have diamonds at all and live near or below the poverty line. In my circle of family, the rings are probably $2000-$10,000 (SO’s cousin got a pretty flashy ring but most are on the lower end). 

    My ring (if we used all diamonds) would have been around $4000. We’re using a cushion moissanite instead so it’s coming to $1389. 

    Post # 6
    Member
    529 posts
    Busy bee
    • Wedding: June 2014

    I think the average across the US is about $5k. I think on WB you may get some skewed results because there’s a lot of women with very expensive tastes.

     

    Post # 7
    Member
    3199 posts
    Sugar bee
    • Wedding: October 2013

    asking for an ‘average’ is going to give you a broad range of answers, and a lot of it has to do with personal preferences and incomes. you can see from your poll people usually spend less than $4000, or in the $8000-$10000 range. some people really want that ‘designer’ setting, while others are less concerned with the name but more concerned with certain of the four C’s. 

     

    the typical rule of thumb is one month’s income, though even that doesn’t give you an accurate representation because of others’ willingness to help pay, or heirloom rings, etc.

    Post # 9
    Member
    1057 posts
    Bumble bee
    • Wedding: October 2014

    I voted wrong. I thought u mean average cost in our area…so I voted 4-6k… 

    I think it’s depends on age as well, most of my friends e-ring are around 4-6K but that’s because they got married in mid 20.  Mine is 9K and my friend is giong to propose to his girlfriend with a 11K ring (not sure if he mean just the centre stone or with setting, he said he pick out the diamond and it’s 11K) … both me and my friend are in our mid 30. 

    Post # 10
    Member
    8419 posts
    Bumble Beekeeper
    • Wedding: April 2013

    I think really it depends on the area you’re living in, especially when you’re talking about averages.

    Post # 12
    Member
    35 posts
    Newbee
    • Wedding: May 2005

    My stone was an heirloom with replacement value of 10K, that does not include the setting but I choose 5-10K to be conservative with the numbers.

    • This reply was modified 2 years, 7 months ago by  .
    Post # 13
    Member
    2661 posts
    Sugar bee
    • Wedding: May 2014

    My appraises for much more than he paid.  I picked the range he paid….

    Post # 15
    Member
    687 posts
    Busy bee
    • Wedding: August 2014

    It’s considered that in big Metro areas (NY, Boston) you’ll have rings upwards of 1.5 carats as a standard size. However, I live and work not far from Boston and it really hasn’t been my experience – I see plenty of ladies with big center stones (not all real diamonds), but a large percentage of 20- and 30-somethings I see have rings under 1 ct.

    Honestly, just go for the amount you are comfortable spending right now. Because if the “average” is well above your means (or vice versa), who really cares?..

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