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Engagement Ring Shopping Tips: What To Know Before You Buy, According To An Expert

Shopping for an engagement ring? Don't miss these expert tips. (Getty Images)

Valentine’s Day is just a few short weeks away, and as we approach the holiday, many people are preparing to pop the question on what’s arguably one of the most romantic days of the year.

There is likely to be a surge in engagements over the next few months, since according to a recent forecast from The Wedding Report, nearly 2.24 million weddings are expected in 2023. While that's down from 2.5 million weddings in 2022, it's still up from a low of 1.3 million in 2020.

With less than a month to go until the big day, if you’re looking to find the perfect ring to commemorate your relationship, keep reading for everything to consider before making your purchase.

Take the stress out of engagrment ring shopping eith these expert tips. (Getty Images)

How much to spend on an engagement ring

The decision on how much to spend on an engagement ring is a personal choice — despite the outdated "rules" that may suggest otherwise. According to WeddingStats.Org, the average engagement ring in Canada in 2021 (the latest year available) cost $3,500, while in the United States the average cost was $5,600, according to The Knot.