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June 21, 2024 1 min read

We are the leading source of Custom Engagement Rings in Collins Blvd Richardson TX 75080. Visit our jewelry store to find the ideal ring, customized jewelry, and diamonds.

Ola Jewelers is the number one bespoke jeweler for diamond rings on Collins Blvd in Richardson, Texas 75080. Each ring we make is individually designed and handcrafted.

How much does an average engagement ring cost?

As of this writing, the most popular form of engagement ring is a one-carat diamond, which normally costs roughly $5,500. However, Grant Speed notes that this can vary greatly depending on the stone's origin, cut, clarity, setting, whether the ring is custom-made or off the shelf, and the jeweler.

This is consistent with what individuals are actually spending. According to a Credit Donkey survey from 2022, most couples desire to spend between $1,000 and $5,000 on an engagement ring, despite the fact that the average cost is $5,225. (This is down from 2019, when the average was a whooping $7,750.) The poll also found that 9% of respondents spent more than $10,000 on an engagement ring in 2022.