Historical Figures

How much did a diamond engagement ring cost in 1949?

In 1949, the average cost of a diamond engagement ring was $100. However, the price could range from as low as $25 for a small diamond to as much as $1,000 or more for a large, high-quality diamond. The size, quality, and cut of the diamond, as well as the type of setting, all affected the price of the ring.