People Are Spending More on Engagement Rings

Maybe it’s a sign of an improving economy: Americans are spending more on engagement rings these days than they were in the recent past.

According to a survey by online wedding brand The Knot the average engagement ring spend is now $6,351, up from $5,095 in 2011.

Other findings include:

  • Average Time Spent Looking for Ring: 3.5 Months
  • Average Time Spent Planning a Proposal: 4.4 Months
  • Average Number of Rings Looked at Before Purchase: 26
  • Engagement Rings With a Custom Design: 45%
  • Most Popular Stone Cut: Round (52%)
  • Average Carat Size for Center Stone: 1.2 carats
  • Average Carat Size for Total Ring: 1.8 carats
  • Most Popular Engagement Ring Setting Metal: White Gold (61%)

The survey also found that marriage proposals are generally less of a surprise these days, with one in four (24%) couples reporting having discussed marriage two years or more before getting engaged.

The average proposer spends 4.4 months planning their proposal, with 7% of proposers reporting spending 12 months or more planning how they’d pop the question.

Even the best-laid plans still left a majority of proposers (60%) feeling nervous before asking for their significant other’s hand in marriage, up from 54% in 2011.

Find out more at TheKnot.com.

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