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Myth or Fact?: The Average Cost of an Engagement Ring


Photo by Jose Villa Photography


Despite De Beers’ “A Diamond is Forever” 1947 clever marketing campaign advocating that the average cost of an engagement ring is worth up to three months’ salary, the average salary is much higher today than it was almost 30 years ago. (The U.S. national average man’s salary is $43,000.)

Let’s face it--engagement rings are pricey, depending on its “Four C’s”, which are cut, clarity, color and cut, but that doesn’t mean your soon-to-be husband has to spend a fortune. Make clear what your expectations are because the average cost of an engagement ring starts at $3,500. And surprisingly, that’s only worth about one months’ salary.

Do you think this a myth or fact? Let us know in the comments below! 

Last Updated: August 3, 2013 at 10:24 pm
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