Average Engagement Ring - 1.3-carat Center Stone, $5,500 Price Tag December 24, 20 by John Jeffay
(IDEX Online) - The average spend on an engagement ring fell slightly in the US to $5,500 this year.
That s according to a survey on 5,000 newly-engaged individuals for online wedding website
The Knot.
It dipped slightly from $5,900 in 2019 as one in eight couples shopped virtually for a ring. But the pandemic had only a minimal effect on their spend, said The Knot 2020 Jewelry & Engagement Study.
The most popular cut for the center stone remains round (43 per cent), followed princess/square (13 per cent) a
nd oval (15 per cent). The average size was 1.3-carat.
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