Who Buys Engagement Rings -

In 2025, the average spend on an engagement ring rose to $7,364 , a nearly 10% increase from the previous year. 3. Modern Gender & Relationship Trends

Traditional roles are evolving, particularly within LGBTQ+ communities and modern heterosexual pairings. who buys engagement rings

The profile of who buys engagement rings has shifted from traditional norms to a diverse landscape of generations, gender roles, and relationship types. While men still make up the majority of buyers at roughly , women now represent approximately 14% of the market . 1. Generational Demographics In 2025, the average spend on an engagement

Engagement ring buying is heavily driven by younger generations entering peak marriage age. 70% report existing debt

Carrying debt is common among buyers; 70% report existing debt , which significantly influences their final budget.