What do you think of the average e-ring spend quoted by The Knot of $6,000?

posted 2 years ago in Rings
  • poll: Do you think the national average of $6,000 on an engagement rings sounds:
    Low : (21 votes)
    10 %
    High : (92 votes)
    45 %
    About Right : (90 votes)
    44 %
  • Post # 31
    Member
    87 posts
    Worker bee

    It definitely depends on where you live. I live in an area where 6k is on the lower end. Not that it matters either way! 

    Post # 32
    Member
    2509 posts
    Sugar bee

    Fiance makes a good living but still couldn’t conceive of spending more than $1500 on a ring, especially given that we’re renters in a HCOL area and want to move and buy a house and have kids within the next few years. I would have been fine with that, but we ended up using a family ring that cost us nothing, though it’s appraised at 10k. So, $6k seems steep to me in terms of what I’d actually be comfortable with someone spending on a piece of jewelry for me. But I’m not surprised because I’ve seen what jewelry costs, and I’m wearing a ring that is worth more than 6k, and it isn’t huge (1.2 carats) compared to what a lot of other bees have. 

    Post # 33
    Member
    900 posts
    Busy bee
    • Wedding: September 2013

    That’s about what we spent. I know one other couple that spent around that amount as well. I know a handful of people who spent more and a handful of people who spent less; so yes, that sounds about right to me as the average amount spent!

    Post # 34
    Member
    7002 posts
    Busy Beekeeper
    • Wedding: September 2012

    I guess I don’t understand why people care or get worked up about it? Buy what you can afford and what you love, and don’t worry about how much other people are spending.

    Seriously I don’t know a single guy (my Darling Husband included) that has ever read one of those stupid articles about buying a ring. My Darling Husband did research on his own into size/price. He knew how much various rings would cost and what his budget was. Other guys I know went right to the store and looked at rings/prices and went from there.

    Those kinds of stats are never true, because so many factors go into play. Your area, your financials, etc. Darling Husband and I got engaged in our late 20’s after both of us were established and we already owned a home. We were in a much better place financially than most of our friends who got married right out of college. For that reason it’s no surprise my ring is double the size/cost of theirs. It doesn’t make my Darling Husband any more extravagent, it just means that at the time our budget/taste made it so we could afford that. The average of 6k seems about right to what I know most people spent, but that just means most people *I know*….that doesn mean most people everywhere.

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