The Cost of an Engagement Ring: How Much?

Along with what style and size, it's a subject you may be pondering if you're about to pop the question.

The Cost of Diamonds

Diamonds are considered a rare and precious gem, and they are known to fetch high prices. The arduous process of mining diamonds combined with the workmanship of cutting and polishing accounts for why these beauties command the price tags they do. A diamond's qualities (cut, color, clarity, carat), also impact its worth. Make sure to do your research on these qualities, the 5Cs, and ask your jeweler any questions you have to help better understand the value of a diamond you're interested in.

So, How Much Should I Expect to Spend?

Starting with the big picture, engagement ring prices have quite the range across the board. At the most extreme ends, rings have been known to fetch anywhere from $500 to $500,000. What about on average, though?

While there is no standard amount, recent sales data reports that the average price paid for a diamond engagement ring is between $3,500 and $5,000. These numbers are meant to be an informative starting point - the amount you choose to spend should be a personal decision.

Additionally, while a diamond contributes significantly to the cost of an engagement ring, other details must also be factored into total cost:
  • Metal and setting
  • Accent stones
  • Custom creations and details
  • Service or maintenance plans you may choose to include

Zales – YOUR Diamond Store

Zales has been known as The Diamond Store for nearly 100 years, and we've been helping people just like you find the perfect engagement ring.

From solitaires to halos to composites and three-stone styles, find thousands of exceptional diamond engagement rings online at For a more personal touch, stop by your local Zales retail store and talk with an experienced jewelry consultant. They will work with you and your budget to find the diamond engagement ring she's always dreamed about.