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How Much Is the Average Engagement Ring?

Size doesn't matter, or so they say. Some girls are more than happy when their boyfriends propose with a cubic zirconia, while others would find it offensive to receive a stone that isn't a diamond. Lucky for the diamond biz, the recession hasn't stopped guys from selecting the real deal for their proposals. Do you know how much most engagement rings go for? Take the quiz!

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How Much Is the Average Engagement Ring?

What's the average price of an engagement ring (stone and setting)?

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PinkNC PinkNC 8 years
Wow 1/4 I did awful on this one. I don't think I've ever done so bad on any quiz on POP.
lilkimbo lilkimbo 8 years
Obviously you cared enough to make a snarky comment and others cared enough to respond, so that's clearly not true!
queenegg queenegg 8 years
$3200 for a ring is ridiculous as is the wedding dress being a couple thousand as well. I make a decent living, but will NEVER waste my money on something like that.
wackydeli wackydeli 8 years
marriage,dresses ,engagement rings all seems like a load of crap just to make jewelers and everyone in the business of weddings rich.
SaRaH-22 SaRaH-22 8 years
oy people it was an opinion! And about the financing you dont have to finance a ring in order for it to be 3 months salary....you can save it on the side and then when you have the $$ go shopping then. And then that way if it does take you longer to save it because of financial diff. then no one would ever have to know. Sending Kim some love... I didnt get any right
GlowingMoon GlowingMoon 8 years
Going off topic a little bit -- Let's not forget about the 10-year marriage anniversary! Per tradition, that's the diamond anniversary (when it comes to diamonds, I'm stickler on tradition!)! ;) :) I wonder what the pricing guidelines are for the 10-year diamond anniversary gift? Conceivably, the couple should be better off financially (hopefully, after ten years of marriage). :) Incidentally, I received my 10-year anniversary gift early. My husband ADVANCED me my diamond gift. He presumed we would still be together for 10 years of marriage, so he got me my diamond gift early so I could enjoy it sooner. I love that man! ;) :)
lilkimbo lilkimbo 8 years
Whatever :oy:
danakscully64 danakscully64 8 years
Whhhhat? I don't dislike you at all. My comment was off this comment of yours "But to say that they can't afford the ring is untrue. A lot of people may not be able to afford a ring that expensive, all the meals they eat out, their dream house, a nice honeymoon, and a big wedding." Just because of this recession, I think a lot of people can't afford much of anything. I didn't say that you said everyone had the credit, it's just something to keep in mind about financing, not everyone qualifies. I don't see the $5 a month thing being possible unless the rate eventually went up, that would mean paying for literally 60-70 years. I think a lot of people see an expensive ring these days as optional. And never once did I have a condescending tone, you're reading my comment completely wrong. I never said you didn't live in the real world. Completely neutral comment.
lilkimbo lilkimbo 8 years
And anon, I'm glad you're happy for me! Although, I don't understand why you put investment in quotation marks... :ponder:
lilkimbo lilkimbo 8 years
I'm not saying that you should spend the money on a ring if you truly can't afford it; I'm saying it's not impossible to get one, dana. And I get that you truly don't like me, but I don't appreciate your condescending tone. Apparently you think I don't live in the real world or something, but I do and I'm well aware of what bills people have.
lilkimbo lilkimbo 8 years
And dana, if people are truly living paycheck to paycheck, it's likely that two times their monthly salary could result in a $5 minimum monthly payment on a ring. I actually helped compile a huge research project on this not too long ago, and the vast majority (about 95%) of people in the U.S. have at least $20 in disposable income each month. (Most people have much more, of course.)
lilkimbo lilkimbo 8 years
I wish people would stop trying to put words in my mouth. I never said that EVERYONE has the credit to finance a ring. In fact, I specifically said that NOT EVERYONE has the credit! In fact, I have repeatedly said that whatever people want to do is fine by me; I don't really care. And I'm well aware that some people's parents pay for the wedding. What does that have to do with anything?
danakscully64 danakscully64 8 years
Remember lilkimbo, not everyone has the credit to finance a ring. Some people (I know a lot of them) are literally living paycheck to paycheck. They have student loan debt, car payments, insurance bills, apartment rent, medical insurance, credit card bills, child car, etc, even $75 a month can be the difference between food and no food. My sister called me last week asking to borrow $20 for groceries because her account was empty and she wasn't getting paid for another 5 days. They also turned off her electricity (true story, I swear I'm not making this up). This recession is really hitting people. I'm lucky that my boyfriend makes a decent living, so he can pay off the one I want within a few months of saving (it's about $3,200 actually). I don't want the 2 month rule, I think that's such a waste of money. While my bf makes good money, I don't. I'm disabled and cannot work more than part time at my job, I feel like I'd be taking advantage of him. I'm still trying to figure out how I'm going to buy his ring. Oh, and some people don't pay for their wedding, their parents do (like in my case), it's not like my boyfriend or myself would take money from my parents to buy the rings.
Spectra Spectra 8 years
Here's something to think about...what about people that fall in love in college and decide to get engaged while they are still broke-a$$ college students who don't have hardly any money because they aren't really earning full-time incomes yet? My husband saved up the money for my ring by working part-time at a mechanic shop while he was still in school and my ring was probably like, 3 months worth of salary. Had he waited until after he had a job to propose, the ring would have been something like 1/2 months salary or something. Just a thought. Not everyone waits to get married until they're financially well off.
Renees3 Renees3 8 years
I didn't get many right which is a shame since my boyfriends family is in the jewelry business. haha. Honestly, I don't care how much is spent on a ring as long as it's something I like. I don't think $3000 is a crazy amount, when you figure how much the average wedding costs, that's nothing haha I would much rather spend the money on something I'm going to wear everyday for the rest of my life than on one day things like crazy expensive cakes or favors.
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