Posted on Thursday, March 20, 2014 at 1:32 pm CDT
According to the 2013 Global Diamond Industry Report, consumers spent approximately $11 billion on engagement and wedding jewelry. Although the average spent on engagement rings has decreased over the past few yeas, as reported by Jewelers of America, consumers still spend an average of $4,000 on engagement rings and another $1,500 on wedding bands.
Source: YourFineJewelryBox