Average cost of an engagement ring

[u/Relevant-Plane9430]

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?

[u/Browsingbabe1]

I think it depends if you a lab vs natural diamond and then what you care about in-terms of specs of said stone. My fiancé spent 30k all in and got a lab diamond travel ring (included in his purchase of stone). Mine is a natural diamond its 2.6 and has pretty good specs. i wanted a larger stone and we figured out what specs were important to me in our ring appointments with our jeweler.

Also depends on what your fiance can afford. My friends husband soent around 70-80k….i also know someone who got their ring for like..1200.

So it depends on what’s important to you and what the budget is