The Average Engagement Ring In The US Costs More Than $6,000 These Days


In response to a survey from the Knot.

Engagement rings: They are a large deal.

Engagement rings: They're a big deal.

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And so they’re additionally an enormous enterprise. In 2012, US couples spent around $11 billion on engagement and wedding rings.

And they're also a big business. In 2012, US couples spent around $11 billion on engagement and wedding rings.

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Marriage ceremony web site the Knot recently surveyed 14,000 users to find out their engagement ring habits, and got here up with a shocking array of knowledge.

Wedding site the Knot recently surveyed 14,000 users to find out their engagement ring habits, and came up with a surprising array of data.

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Among the many knowledge: People tend to spend around 3 1/2 months looking for an engagement ring, and the preferred rings are round-cut stones.

Among the data: People tend to spend around 3 1/2 months looking for an engagement ring, and the most popular rings are round-cut stones.

beverlydiamonds.com

Maybe most surprisingly, the average engagement ring now costs $6,351.

Perhaps most surprisingly, the average engagement ring now costs $6,351.

And most of the people have a look at at least two dozen rings before settling on the one they want to propose with. So many rings!

HBO

Business Insider partnered with jeweler Ritani to find out the place essentially the most and least costly rings are bought.

Business Insider partnered with jeweler Ritani to determine where the most and least expensive rings are purchased.

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Utahns spent the least on rings, averaging $three,518 per sparkly bauble.

Utahns spent the least on rings, averaging $3,518 per sparkly bauble.

Warner Bros.

Whereas Californians spent essentially the most — averaging $10,241 per ring.

While Californians spent the most — averaging $10,241 per ring.

DAMN.

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Different states on the decrease finish embody Vermont ($three,941), South Dakota ($four,832), and Minnesota ($5,630).

Other states at the lower end include Vermont ($3,941), South Dakota ($4,832), and Minnesota ($5,630).

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States that spent extra on common included Massachusetts ($eight,426), North Carolina ($9,225), and Wisconsin ($eight,766).

States that spent more on average included Massachusetts ($8,426), North Carolina ($9,225), and Wisconsin ($8,766).

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