Connect with us

Headlines

This State Spends the Most on Engagement Rings … and This One Spends the Least

The overall average is $6,351, but with major local differences.

mm

Published

on

Business Insider has published a list of how much people in each state paid for an engagement ring last year, on average.

Recall that last year, The Knot announced that the average price paid for an engagement in the U.S. was $6,351, up from $5,095 in 2011. The new state-by-state report was compiled with help from online diamond seller Ritani, Business Insider explains.

As it turns out, there are significant disparities in engagement-ring spending from one part of the country to another.

The highest average spending was in California, where the average price paid was $10,241.

The lowest average spending last year was in Utah, where the average price paid was $3,518.

Check out average prices for all 50 states here.

Advertisement

Of course, the average cost of an engagement ring depends on whom you ask. In June 2017, research firm The Wedding Report announced that the average price paid in the first quarter of that year was $3,406 — significantly lower than The Knot’s figure.

Also don’t miss “8 Things You Need to Know About Engagement Rings” and “5 Crucial Facts About How People Buy Engagement Rings Today.”

 

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Facebook

Latest Comments

Most Popular