Connect with us

Headlines

Survey Reveals US Engagement-Ring Cost Expectations — and They’re Pretty Low

mm

Published

on

A third say a sub-$1,000 ring is OK.

Americans have fairly modest expectations for how much an engagement ring should cost, a new study finds.

In fact, more than a third of respondents in the CreditDonkey.com survey said an engagement ring should cost under $1,000. And only 19 percent felt it should cost more than $5,000.

Survey results are representative of the U.S. internet population, according to CreditDonkey.

Expectations among millennials are a bit higher than the average. For example, fewer than 29 percent of women aged 25 to 34 said a ring should cost less than $1,000.

The survey also asked about lab-created diamonds. About 45 percent of respondents said it doesn’t matter to them whether a diamond is natural or lab-grown.

CreditDonkey conducted the online survey of 1,064 Americans aged 18 and over between April 2 and April 4. It was conducted using Google Surveys.

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular