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An engagement ring marks one of the most exciting milestones in a couple’s relationship. Choosing the perfect ring can feel overwhelming, but understanding the tradition, costs, and design options helps you pick a personalized ring that symbolizes your unique love story.
Learn everything you need to know about an engagement ring from the following FAQs:
An engagement ring signifies a promise between two people to wed. The tradition began in Europe in the Middle Ages. The first recorded use of a diamond engagement ring occurred in 1477 when Archduke Maximilian of Austria proposed to Mary of Burgundy.
Over time, engagement rings evolved into a more widespread tradition and solidified during the Victorian era-suitors proposed with the woman’s birthstone or a diamond, symbolizing enduring love. Though customs have changed, an engagement ring retains its meaning as a gesture of commitment.
There are no set rules on how much to spend on the ring, but budget expectations have risen. Today’s typical price of an engagement ring falls between $3,000-$7,000. According to The Knot’s 2019 Jewelry & Engagement Study, the average price of an engagement ring was $5,900.
Year | Average Cost |
2020 | $5,900 |
2017 | $6,351 |
2015 | $5,978 |
Ultimately, your budget depends on financial circumstances. Some follow the “two months’ salary” rule as a budget baseline. The most important factor is choosing a ring within your means that fits your partner’s style.
Selecting a ring style suited to your partner’s personality makes it extra meaningful. Here are some popular engagement ring design options:
When selecting an engagement ring, it is crucial to carefully consider the centerpiece stone. The stone’s cut, size, and carat weight all play an integral role in the ring’s overall appearance and significance. Therefore, choosing these elements with great care and attention to detail is essential.
Beyond the dazzling ring, thoughtfully planning the proposal makes the moment truly meaningful. Tailor it to your partner’s personality and interests to create a personalized experience reflecting your love story. This makes saying “yes” unforgettable.
For those looking to create a one-of-a-kind ring to honor this special event, our custom ring guide is a great resource to utilize.