According to Brides' American Wedding Study, which surveyed almost 850 brides-to-be or newly married women, found the average amount spent on engagement rings in 2018 was $7,829, compared to $5,023 spent in 2017. But when broken down by state, the average amount ranges from $3,518 to $10,241. There are many factors that go into pricing a diamond engagement ring. Diamonds are graded and priced based on the "four C's," which include cut, carat, color, and clarity. People in California spend the most on engagement rings, while those in Utah spend the least.
Wow, it keeps going up if this is any indicator of what's to come for this year. Better just buy a ring now and hold onto it until you're ready. lol