what does an average engagement ring cost
This can be a good option if youâre looking to spend a small fortune without potentially wrecking your finances. Rule #4: Spend the Average Cost of a Ring. According to the most recent data from a 2013 report by Jewelers of America, couples spent an average of $4,000 on an engagement ring in 2012.You always have the option of presenting your potential fiancee fiancÃ©e with this information and suggesting he or she spend the average. amounthis can be a good option if youâre looking to spend a small fortune without potentially wrecking your finances. Rule #4: Spend the Average Cost of a Ring. According to the most recent data from a 2013 report by Jewelers of America, couples spent an average of $4,000 on an engagement ring in 2012.