How Much Are Average Wedding Rings

1272021 Wedding rings are not like engagement rings an engagement ring tends to have at least one precious stone set in the centre with the majority being over 500.

How much are average wedding rings. If youre confused call our precious metal consultants at 800-426-2344 and we will help you. 8262020 A wedding ring can range in price from a few hundred dollars to hundreds of thousands of dollars depending on the stone s the metal and the design you desire. Although theres no precise average amount spent on an engagement ring most surveys of engagement ring buyers tend to produce an average in the 5000 to 7500 range.

Different factors influence this price. The actual average cost for an engagement ring is over 6000. Today almost every man in the United States spends two months worth of his salary to cover the average engagement ring cost around 6351 as of 2017.

Now this doesnt mean that you need to spend 5000 on an engagement ring. In 2019 the average cost of an engagement ring-wedding band set for brides sits at 6113 while the grooms band averages nearly 87 less at 468. And with gold currently trading for 187720 per Troy Ounce on the London Fix you can work your calculations back from there.

According to the survey proposers in the South West spend the most on engagement rings with an average total of 3784. The metal that the wedding ring is constructed from is important. Its no news that engagement rings are pricier than wedding bands.

3102016 According to recent surveys most American couples expect to spend between 1000 and 5000 on an engagement ring. 12122016 According to The Knot 2020 Jewelry and Engagement Study the average cost of an engagement ring is currently 5500. But there are also some big decisions to make.

Shift weddings microweddings and minimonies. According to the Brides American Wedding Study wedding rings on average made up three percent of a couples wedding budget. Next is those who are from Greater London spending an average of 2335.