Engagement Ring Statistics You Cannot Miss Angara

Let us guess: You finally decided to pop the question and have started looking for the perfect ring. However, you didn’t know what the appropriate amount to spend was – so you googled it and that intrigued you enough to keep searching for more statistics.

Are we right?

Well, regardless of your answer, you may want to stick around because in today’s article we’re going to spotlight the latest engagement ring statistics followed by the top trends, most of which are guaranteed to come in handy.

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Engagement Ring Statistics

Average Ring Price and Amount Spent

Approximately 92% of shoppers spend over $1000 on their engagement ring.
Roughly one-third of the buyers spend between $1000 and $4000 on an engagement ring.
As of today, the average price of an engagement ring is $6000.
Interestingly, 86% of engagement ring buyers stated that the COVID-19 pandemic did not impact the amount of money they had planned to spend on their piece.
Roughly 50% of couples reported that they would spend less than $5000 on an engagement ring. On the other hand, 20% said that they would spend more than $10,000 on the same.
According to several jewelry retailers, roughly 61% of their customers who bought engagement rings later came back to buy their wedding rings.
Believe it or not, not all proposers foot the bill for the engagement rings. Some reports state that women pick up the tab roughly 14% of the time.

Lifestyle Statistics

Close to 80% of women admit that they subtly mentioned their ring preferences to their significant other.
About 45% of proposers stated that they started shopping for the perfect ring at least five months before they popped the question. On the other hand, 71% mentioned that they bought the ring only two months in advance.
Believe it or not, every 7 out of 10 proposees are involved in the engagement ring selection process.
Roughly 33% of couples conduct their engagement ring research online. This is simply because finding the right piece is a time-consuming process and the same can be even more nerve-wracking when there’s a salesperson involved.
While not all proposals include a ring, about 89% of proposers said that they did have one in hand when they popped the question.

Preferred Shapes, Sizes and Gemstones

As of today, diamonds are still considered to be one of the popular options for engagement rings with 87% of people choosing them over other stones.
14% of the time, women will opt for an unconventional gemstone over a traditional one.
In terms of cuts, the round brilliant cut is the most popular one with 43% of buyers opting for the same. Apart from this, 15% of individuals preferred an oval cut, while 13% wanted a princess cut.
Currently, 1.3 carats is the preferred average size for an engagement ring’s center stone.
On average, the center stone size for a luxury ring is roughly 1.5 carats. Including all the stones on the ring, the piece tends to have a combined total weight of over 2 carats.
Data shows that the most popular metal choices for an engagement ring are as follows – white gold (48%), yellow gold (16%), platinum (13%) and rose gold (13%).
Interestingly, many buyers consider the style and setting of the engagement ring to be its most important aspects. This is followed by the type of center stone used and its shape.
Approximately 48% of proposers customize different design elements on their engagement rings to add a personal touch to the same.
Contrary to popular belief, the size of the center stone doesn’t matter too much to the proposee. In a fairly recent survey, 47% of women stated that the size/carat weight of the gemstone was only ‘somewhat important.’

Did You Know?

The most expensive engagement ring was given to Grace Kelly by Prince Rainier III of Monaco. At the time, the ring was worth 4 million USD. Today, the same piece retails at 38.8 million USD.
In 2016, billionaire James Packer proposed to Mariah Carey with a 35-carat emerald-cut diamond set in platinum ring. The ring is considered to be one of the most expensive of all time and has an estimated retail value of 10 million USD.
The Elizabeth Taylor Diamond was sold in 2011 by the actress’s estate for 8.8 million USD. The ring, which featured a 33.19-carat Asscher-cut white diamond set in platinum, was given to the Hollywood icon by actor Richard Burton in 1968. He paid $307,000 for it at an auction.
In 2013, Kanye West proposed to his now ex-wife Kim Kardashian with a 15-carat cushion-cut diamond set on a thin platinum amethyst band worth 8 million USD.

Now that you know a little more about different engagement ring statistics, let’s move on to the top engagement ring trends present today.

The Most Popular Engagement Ring Stones

While the engagement ring as a concept will always remain apropos, the designs and gemstones used to create the same keep changing along with the latest fashion trends. Mentioned below are some of the top engagement ring trends that are sure to help you buy a fashionable piece.

Trending Gemstones	Trending Designs	Trending Styles
Diamond, Ruby, Sapphire, Emerald or The Big 4	Bold, Maximalist	Halo
Pearl	Geometric	Vintage-Inspired
Garnet
Tanzanite
Amethyst
Black Diamond
Morganite
Blue Topaz

1. The Big 4

Since their discovery, the big four, which constitute diamonds, emeralds, rubies and sapphires have always been in trend. And while diamonds still remain the top choice within the engagement ring industry, the other three gems mentioned above are great options if you want to pick something that’s slightly different but still within the norm.

2. Pearl

Have you heard of the term ‘Pearlcore’? We bet you have! From necklace strands to dainty bracelets, everyone’s been rocking these ultra-feminine gemstones with their everyday looks. And, unsurprisingly, this trend has recently spilled over into the engagement ring sector as well. So, if you want a stone that’s trendy but a bit unconventional, then the pearl is the way to go.

Having said the above, bear in mind that pearls feature a 2.5 (out of 10) rating on the Mohs scale of mineral hardness. This essentially means that they are extremely soft and can get damaged easily.

3. Garnet

Symbolizing love and passion, the garnet is another gemstone that has been trending this year. It is considered to be a cheaper alternative to ruby and is therefore slowly rising in popularity within the engagement ring industry.

4. Tanzanite

Of course, we can’t really talk about jewelry trends without discussing the gem that matches Pantone’s Color of The Year 2022, that is, the tanzanite. Boasting a gorgeous violet-blue hue, this rare gem is slowly taking over the engagement industry and everyone’s hearts.

You should get it if: Your partner is someone who loves keeping up with the latest fashion trends.

5. Amethyst

Another gem that captures the essence of the Very Peri Pantone Color is undoubtedly the Amethyst. Which is why its fame reached new heights in 2022. As such, if you want to stick to the Pantone Color scheme for your engagement ring but aren’t necessarily keen on the Tanzanite, then this alternative is a great option for you.

6. Black Diamond

When we think about the year 2022-23 in terms of jewelry trends, the phrase ‘classics with a twist’ is often the first thing that comes to mind. And the black diamond is a prime example of this. Gorgeous and mysterious with a touch of unconventionality, this stone is a fantastic choice for your lady love’s engagement piece if she wants to make a bold move.

7. Morganite

Next on the list is none other than the morganite. Often considered to be the most romantic of gems, this stone is sure to make your partner fall head over heels in love. Can you think of a better reason to place it on your engagement ring?

8. Blue Topaz

Speaking of gems that are hot and happening, we can’t complete this list without talking about the blue topaz. It’s the birthstone of December, and this incredible gem can be seen on runways and walkways alike. As such, if your fashionista’s favorite color is blue, then this stone might just be a good option for you.

9. Bold, Maximalist Designs

2022-2023 is all about making a statement. And if your significant other loves to show off her style, then getting an elaborately designed engagement ring may just be the right move for you. Enter: Bold, maximalist designs. Featuring several gemstones, chunkier band and mixed metals, this industry trend is one we’re sure your bae will adore.

10. Geometric Designs

While the quintessential classic diamond ring will always have a place in our hearts, geometric engagement ring designs are what’s currently taking on the world by storm. To keep up with this trend, opt for a diamond-studded ring that features either a triangular, squarish or rectangular silhouette.

11. Ethereal Halos

Can you think of anything more magical than a glittering gemstone surrounded by several small mesmerizing diamonds? We certainly can’t…and apparently, neither can the fashion experts because this style is at the forefront of engagement ring industry trends today. Needless to say, if your partner is someone who loves being flamboyant, then this trend is definitely one that you should hop on.

12. Vintage-Inspired

Is your loved one a history buff who adores all things vintage? Because if so, this engagement trend is definitely something that you should jump on. Featuring intricate motifs to bold designs, you cannot go wrong with a stunner from the vintage-inspired category.

Angara Says:

Know all the engagement ring statistics but don’t know where to start your search? We’ve got your back! Browse our collection and find your perfect ring today.

Furthermore, feel free to go through our other accessories and pamper your lady love with pieces that match the latest jewelry industry trends.