What Is The Average Price Of An Engagement Ring In Canada

Don t be pressured into a ring you can t afford.

What is the average price of an engagement ring in canada.

According to the knot 2019 jewelry and engagement study the average cost of an engagement ring is currently 5 900. We ve been married eight years now. This discounted price was unplanned but a nice bonus for us. According to the 2020 weddingwire newlywed report the average proposer spent 5 900 on an engagement ring which is a 900 increase from the previous two years.

At one end of the scale affordable gemstone rings. At the other end a 2 carat 3 carat and 4 carat diamond ring will be a very expensive ring choice. The cost of an engagement ring ranged from 400 to over 10 000. However the study found that roughly half of couples will spend under 5 000 on the engagement ring though 20 percent spend more than 10 000.

Average engagement ring cost. Back in 2011 the average spent on engagement rings was 5 095. Cost of engagement ring engagement ring engagement ring. They found that the average spent on an engagement ring went up 25 per cent from 2011 8 090.

See our online engagement ring builder tool. If anything is certain it s that diamonds remain a serious investment. Wholesale priced full satisfaction guarantee. In the end we spent about cad 4 600 on the engagement ring which included the proposal ring.

More from huffpost canada. From this selection we sold many different designs. Had we bought the same ring in canada the total cost would have likely been closer to 7 000. The current national average cost of an engagement ring is 6 351 for a 1 2 carat center stone diamond ring with a total ring carat count of 1 8.

Averaging those numbers together that s a hefty 6 796 50 for an engagement ring. Average cost of an engagement ring. A 1 carat engagement ring costs an average of 5 500 and that s before you spend more than 1 000 on average for her wedding band. If you re deciding how much to spend on an engagement ring there are several factors to consider.