Average Price Of Engagement Ring 2024. The most popular engagement ring cut is the round brilliant diamond. Over 30% of couples spend more than $6,000 on an engagement ring.

We’ll explore how much engagement rings cost, including the average amount spent, why they’re so expensive and what you can do to find the perfect ring so all you need to worry. Knowing the average cost of engagement rings can help to nail down the exact price range you should be aiming for when shopping for a ring for your significant other.