Detailed Instructions: Given a passage and a query based on the passage, generate an unambiguous, concise and simple answer to the query from information in the passage. Note that the answer may not be present in exact form.
Problem:The best way to answer this question is to look at how much people spend on average on their engagement rings as compared to their wedding bands. The national average cost for an engagement ring was $5,855 in 2014. The national average cost for wedding bands were a little different, in that couples spent an average of $1,417 on the bride's band and an average of $558 on the groom's band, which adds up to an average of $1,975 for both of the wedding bands. So, if you go by the national average cost of wedding bands and engagement rings, you can expect to spend about 33.7% (or just about 1/3) of what you spent on your engagement ring on your wedding bands. The most popular engagement ring cut is the round brilliant diamond. The average woman's ring size is about 6. December is the most popular month for buying engagement rings. The idea that a man should spend 2 months salary for an engagement ring originated from De Beers marketing materials. Spend no more than $2,000 on the engagement ring Men who shelled out between $2,000-$4,000 on engagement rings were 1.3 times more likely to get divorced than men who spent between $500 and $2,000. But that doesn't mean you should just use a plastic ring you got out of a gumball machine, either. Spending less than $500 on a ring also led to higher divorce rates. Keep your wedding costs under control Spending more than $20,000 on a wedding led to divorce 3.5 times more frequently for women than for those who spent between $5,000 and $10,000. (The average cost of an American wedding is nearly $30,000, according to The Knot.) Last year, 64% of brides were involved in picking out their ring, while nearly a third helped decide the budget, according to a survey by The Knot. That could be one reason the national average spent on an engagement ring, as well as diamond carat size, or weight, have been rising. The average spent on an engagement ring grew 3% to $5,598 last year from a year earlier, according to TheKnot. That's still down from 2009's average of $5,861, however. The average carat size for the center stone is just over 1 carat. The average total carat size for engagement rings, including any diamonds on the setting, is 2 carats, Miles said. 3. So a new study about weddings that reveals the average cost of an engagement ring will be of interest, especially to those of you who might be considering ring-buying, or might have a ring bought for you in the Here are a few of them that will influence the amount you spend when it comes to engagement ring costs vs. wedding band costs: The Style of The Rings The first factor that affects the cost of your engagement ring compared to your wedding bands will be what style wedding rings you choose to go with. Cost of an Engagement Ring. Below is an informational video about how the Gemological Institute of America grades diamonds and provides consumers with unbiased diamond grading reports. A GIA diamond grading report will make you sure of your diamond's value and your diamond's quality. Antique earrings are a popular addition to a bride's big day look. Ilona Kaprovsky and Justin Veach with an image of their ring, a diamond set in platinum. 1 Ilona Kaprovsky, a 24-year-old New Yorker who works in finance, said she didn't initially think she wanted a diamond as the centerpiece of her engagement ring a lab-grown stone like a white sapphire, or even cubic zirconia, would be just fine. And here's why: 1 An engagement ring is a symbol of your love and commitment. 2 Many women have dreamed about their perfect ring for a long time, including the style, diamond shape, etc. 3 Women are the ones who wear the ring every day. In our mindsand we assume the minds of many recession-strapped Americansthe amount spent on an engagement ring should be 100% up to the person buying it. Of course, the input of the intended is always welcome, but if you aren't the person actually making the purchase, at the end of the day, it's not really up to you. Query: average cost of an engagement or wedding ring
Solution:
The national average cost for an engagement ring was $5,855 in 2014.