Connect with us

Headlines

And the Average Cost of an Engagement Ring This Year Is …

mm

Published

on

Overall wedding costs are down.

The average price paid for an engagement ring in the first quarter of this year was $3,406, according to new data released by research firm The Wedding Report.

That was virtually unchanged from 2016, when the average cost over the full year was $3,407.

Spending on wedding bands was also flat. 

The average price of a woman’s band in first-quarter 2017 was $785. That compared with $786 in 2016.

The price of a man’s band was unchanged at $456.

The average amount U.S. couples were spending on their wedding as of first-quarter 2017 was $25,961. That represented a 2.8 percent decrease from the 2016 figure of $26,720. 

Advertisement

The Wedding Report noted: “While average spending for most items remained flat, the reason for the decline in overall spending is due to falling demand for services like, transportation, entertainment, and beauty. Couples seem to be looking for alternatives or other options, [rather] than the traditional route, for these services.”

The figures were based on responses from 3,401 couples.

Read more at The Wedding Report

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Downsizing? Wilkerson Is Here to Help

Orin Mazzoni, Jr., the owner of Orin Jewelers in Garden City and Northville, Michigan, decided it was time to downsize. With two locations and an eye on the future, Mazzoni asked Wilkerson to take the lead on closing the Garden City store. Mazzoni met Wilkerson’s Rick Hayes some years back, he says, and once he made up his mind to consolidate, he and Hayes “set up a timeline” for the sale. Despite the pandemic, Mazzoni says the everything went smoothly. “Many days, we had lines of people waiting to get in,” he says, adding that Wilkerson’s professionalism made it all worthwhile. “Whenever you do an event like this, you think, ‘I’ve been doing this my whole life. Do I really need to pay someone to do it for me?’ But then I realized, these guys are the pros and we need to move forward with them.”

Promoted Headlines

Most Popular