77 °F New Orleans, US
August 24, 2019

Engagement-Ring Spending Steady at $5K

The price millennials are willing to pay for an engagement ring has remained stable over the past three years, even as they become more flexible in their stone choices, research shows. 

The average price couples spent on engagement rings in 2018 was $5,000, the same amount they shelled out in 2017 and 2016, data from WeddingWire shows. The wedding-services marketplace surveys approximately 18,000 newlyweds in the US each year to predict future trends in the industry. 

While the cost of a ring has remained the same, couples have become more flexible in terms of the stone they choose, with 71% picking a diamond as the main stone, compared to 74% in 2017. In 2016, this question wasn’t included in the survey. 

Read more about the stable prices on engagement ring spending on Rapaport HERE

Related articles

Pantone Color of the Day

The Pantone color of the day for July 17th is Iris. Born today? Then you are Interesting, Private & Provocative! Adorn yourself with jewelry that celebrates the quiet hue of Rose de France Amethyst, and you’ll draw peace, stability and inner joy from its calming energy today!

Gemstone of the Day

Did you know? All red gemstones used to be referred to as “Ruby” & it wasn’t until 1783 that Spinel was differentiated from rubies. Within the British Crown Jewels collection the “Black Prince’s Ruby” and the “Timur Ruby,” originally identified as Rubies, were found to be Spinel.