10 Engagement Ring Facts

Posted on Wednesday, August 25th, 2021 in Engagement Rings.

diamond solitaire engagement ring

We all know that engagement rings are a beautiful expression of one’s love and commitment. But many of us don’t really know too much about the history of engagement rings or other facts surrounding these small symbolic pieces of fine jewelry. That’s why we wanted to highlight these ten interesting engagement ring facts.

  1. The first engagement ring (at least the first with documented evidence) was presented in 1477, when Archduke Maximilian of Austria offered Mary of Burgundy a gold ring with diamonds set in the shape of the letter M.
  2. Ancient cultures believed that the third finger on the left had contained a vein called the vena amoris that ran directly to the heart. Although this vein doesn’t actually exist, the tradition of wearing an engagement ring on this finger has stuck throughout the years.
  3. Even though most individuals choose to wear their engagement ring on their left hand, in some parts of the world, engagement rings are actually worn on the right hand. In countries like Russia, Germany, Norway, and India, engagement rings are typically worn on the right hand instead of the left.
  4. December is the most popular month to get engaged.
  5. The world’s most expensive engagement ring was given to Mariah Carey by her ex-fiancé James Packer. The 35 carat emerald-cut diamond platinum ring cost $10 million at the time of purchase.
  6. Diamonds are the most common gemstone set in engagement rings. With a beauty and durability unlike any other gem, it’s no surprise that diamonds continue to be the most popular choice for engagement rings.
  7. The round brilliant cut diamond is the most popular type of diamond shape. It consists of 58 well-proportioned cuts, or facets, to create maximum sparkle.
  8. According to The Knot’s latest engagement ring study, the average amount spent on an engagement ring in the United States in 2020 was $5,500.
  9. The majority of engagement ring buyers consult with their partner or a close friend or family member of their partner’s before selecting a ring.
  10. Certain engagement ring styles and diamond shapes come into trend every once in a while, but both round diamonds and solitaire settings remain popular year after year. That makes them a perfect choice for anyone looking for a classic engagement ring that will remain in-style for many years to come.

Want to know more about engagement rings? Or have any questions about selecting or creating your very own engagement ring? Contact us at info@kloiberjewelers.com or 414-276-2457.