Headlines

Men Are Spending Far More on Engagement Rings Than They Actually Think They Should

Published

8 years ago

February 10, 2016

INSTORE Staff

The average spend on an engagement ring is pushing $6,000.

MarketWatch cited several recent surveys that gauged consumer sentiment regarding how much is an appropriate amount to spend on engagement rings, and the results suggest that men are spending much more than they think they should.

A study by wedding website The Knot found that men are now spending an average of $5,978 on rings for their brides to be. But according to a survey conducted by GoBankingRates.com, 55 percent of people believe that spending on engagement rings shouldn’t exceed $3,000. Along that same line, a survey by American Express found that women thought $2,731 was an appropriate amount to spend on average, with that number dipping to $1,991 for men.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”