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Your Privacy Rights. Putting a ring on it might be super romantic, but it's also seriously pricey. The average price tag for an engagement ring is $2,311, according to new data from American Express Spending & Savings Tracker.MORE: 9 Ways to Survive Engagement Season.our Privacy Rights. Putting a ring on it might be super romantic, but it's also seriously pricey. The average price tag for an engagement ring is $2,311, according to new data from American Express Spending & Savings Tracker.
It can cost as much as you want to spend on it. Engagement rings can cost anywhere from $500, $5000 to even $50,000. Factors such as the carat, color, clarity and cut of the diamond as well and whether it is made in yellow gold, white gold or platinum also have an impact on the cost.