'Tis The Season...For Engagements

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The holidays are also known as “Proposal Season,” since 37% of couples get engaged between Thanksgiving and the New Year. And just in time, wedding site The Knot has released their annual Jewelry & Engagement Study. Some stats:

  • In 2017, the average engagement ring costs $6,351, up 25% since 2011.
  • 70% of grooms said they decided on the ring budget on their own.
  • 8% of grooms said they decided on the ring budget with their partner.
  • 29% of grooms said they spent more than they'd planned.
  • 70% of  brides reported knowing how much their partner spent on the engagement ring.
  • 90% of brides said they were happy with how much their fiancé spent on the ring, 6% wish they'd spent more and 4% wish they'd spent less.
  • 33% of couples shopped for the ring together. 

SOURCE: PRNewswire

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