Published at Saturday, 14 September 2019. Wedding Ring. By Rosamonde Abril.
What was the average engagement ring and wedding band cost two years ago? $5,200 for an engagement ring and $1,126 for wedding bands for brides – a wedding ring for the groom had an average price tag of just $491. The most popular forms of engagement rings were round (53 percent), princess (30 percent) and made of white gold (73 percent). Of course, it doesn’t take the average groom a couple of hours to find the perfect ring. Instead, it took roughly three months for the man to locate a ring that was just perfect for his bride-to-be.
Grooms are also shopping around. It was reported that more than one-third (35 percent) purchased at least part of the ring from a nationally-recognized jewelry chain, while 39 percent purchased at least some of the ring at a local or independent jewelry shop. They aren’t heading online, though: only nine percent responded that they bought a ring for their bride from an online retailer.
For many the starting point for purchasing a ring may well be budget setting. Conventional thought suggests that an engagement ring purchase should equal between one and two months’ salary, however, the far superior element is the thought and consideration put into finding your loved ones’ ring that they will likely wear forever.
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