![]() What to Consider When Purchasing a Wedding Ring The band material, the diamond’s shape, and the store you buy from will all influence the price of your ring. This is the most significant influence on a ring’s price, but there is more to consider as you search for your rock.Ī good quality 1-carat diamond ring will cost about $6,500 to $7,500, but they come in a range of $1,000 to $25,000, so there is definitely a lot more going on than carat when it comes to ring prices. When you think about wedding ring costs, you probably first imagine the weight, or carat, of the diamond. Michigan – $8,535 is the average wedding ring cost in Michigan.Īverage Cost of One Carat Engagement Ring.Washington – Washington boasts the highest average, with couples spending around $10,109 on rings from Ritani. ![]() Arizona – In Arizona, engagement rings cost an average of $6,684.Ohio – Ritani reports that Ohio residents spend an average of $7,796 on their rings.Pennsylvania – Wedding ring budgets are a bit lower in Pennsylvania, where $7,552 is the average cost.Illinois – Illinois couples are dropping an average of $9,197 for their proposal bling.Florida – $8,809 is the average cost of a wedding ring in Florida.Ritani’s data indicates couples spend an average of $8,063 on their ring. Texas – Everything’s bigger in Texas, though engagement ring costs there are simply on the high end of average.New York – Couples in New York also land on the higher end of the spectrum, spending an average of $8,785 on their engagement rings.The average California customer spent $9,482 on an engagement ring from Ritani. California – Californians come in second when it comes to shelling out big bucks for engagement rings.But their ranking still reveals trends in wedding ring costs by state. The average Ritani ring goes for $7,750, so their costs are higher than other national averages. In 2019, online jeweler Ritani released the average amount customers spent in their shop and broke it down by state. Trends, economies, and demographics will affect ring budgets. Just like any type of budget, wedding ring costs will vary by region. Meanwhile, women’s wedding bands run an average of $1,000, something you’ll budget for as you plan your wedding. So it looks like as a National jewelry retailer, Jared’s is catering mostly to an average budget of around $2,500. Most of their rings land between $1,000 – $2,500 with a lot of options between $2,500 – $5,000 as well. $5,900 is on the higher end of Jared’s cost spectrum, which we figured was a good marker for other National jewelry chains. Ring costs vary based on carat size, clarity, band material, craftsmanship, and the jeweler you purchase from.īut what does a $5,900 engagement ring look like? We headed over to Jared’s website, did some filtering, and came up with a carat size of about 1 or 2 with medium clarity on a 14k gold band. And the average carat size is about 1 carat. The median cost of an engagement r ing is actually closer to $1,900. Reports vary on what the average cost of a wedding ring is, but it does land around $3,700 to $5,900, a number that’s undoubtedly inflated by outliers who drop $20,000+ on their jewelry. What is the Average Cost of a Wedding Ring? Keep reading to learn more about wedding ring costs so you can purchase a gem that’s perfect for you. If you want to budget for your wedding ring, you’ll need to consider the type of ring you want, where to buy it, and (most importantly) what you can afford. The common cost of an engagement ring ranges from under $1,000 to over $10,000, with the wedding band costing about 30% of the engagement ring’s price. Since you can find a ring at any budget, it’s not up to anyone but you to decide what’s appropriate.īut if you are looking for some hard numbers, we can still help. And we promise that’s good news, even if you came here looking for a fast and true answer. The good news is that you can spend whatever you want on your wedding ring. That leaves a lot of couples unsure about what is normal. ![]() It’s a question couples across the country ask themselves as they prepare for their proposal: How Much Should You Spend On a Wedding Ring? Picking a budget for an engagement or wedding ring is tough, and a lot of that is because you can buy one at basically any price. ![]()
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