Here’s How Much People Actually Spend on Engagement Rings
'Tis the season...Our Newsfeeds are flooded with engagement announcements and my jaw DROPPED seeing how much people are spending on rings.
Maybe it's because I'm not a huge jewelry person but I was absolutely floored when I read this article on how much (on average) people are spending on popping the question...
In 2017, people spent about $6,500 on an engagement ring.
$6,500?! WHAT THE WHAT. That is A LOT OF MONEY!
In addition to the $6,000+ ring, couples spent an average of 3.5 months looking for the perfect ring, 4.5 months planning the proposal, and about 45% of rings are a custom design.
According to The Knot, it's also more common for proposals to not be a surprise because both parties are involved in planning, choosing the ring, and deciding on their future as a couple.
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