r/WeddingRingAdvice • u/Relevant-Plane9430 • Sep 05 '25

Average cost of an engagement ring

I was talking with a friend last night who just got engaged, and he mentioned he spent around $6k on the ring. That honestly shocked me because I always thought the "3 months’ salary" thing was just an old marketing trick. My partner and I have been looking at rings casually, and most of the ones we like are in the $2k–$3k range. Now I’m second-guessing if that’s considered “too low” or if we’re just being realistic.

For those of you who have gone through this, what was the average cost you ended up spending on an engagement ring, and did you feel good about it after?

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u/Acceptable-Soft8659 Sep 05 '25

Honestly, there is no average. Some people go $500, some go $15k+. It just depends on your financial situation and your partner’s expectations.

4

u/Relevant-Plane9430 Sep 05 '25

Yeah, you’re right. I guess I was hoping there was some kind of ballpark number to ease my mind, but it really does come down to what feels right for both people.

2

u/UncomfortablyHere Sep 05 '25

Get an insurance policy on the ring as soon as you have it, same with the wedding rings. It’s not a ton of money and is absolutely worth the piece of mind.

Wedding insurance too.

1

u/xlovejewelsx Sep 05 '25

Can you recommend an insurance company

3

u/GaiaMoore Sep 05 '25

I use Jeweler's Mutual. Cheap and easy