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

Posted by Caitlin on Nov 14, 2012

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Photo: Natalie Franke Photography

Men always ponder more on how much an engagement ring will cost and tend to ponder less on the “Four C’s” of an engagement ring–cut, clarity, color and carat. Despite De Beers’ “A Diamond is Forever” 1947 campaign advocating that the average cost of an engagement ring is worth three months’ salary, the average man’s salary today is much higher than it was 30 years ago. The national average salary is $43,000. However, engagement rings are still pricey today as they were back then. The average cost of an engagement ring starts at $3,500.┬áDo you think the average cost of an engagement ring is still worth three months’ salary? Let us know in the poll below.

The average cost of an engagement ring is worth three months' salary.

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