An engagement ring is a ring given as a gift during a marriage proposal, signifying a formal agreement to marry. Predominantly used in Western cultures, it's typically presented by one partner to their prospective spouse. In many Western countries, engagement rings are primarily worn by women, and often feature diamonds. While customs vary globally, in the Anglosphere, the ring is traditionally worn on the ring finger of the left hand. In some cultures, matching rings are worn by both partners, and engagement rings can also serve as wedding rings.
Harry Styles and Zoë Kravitz are reportedly engaged. Zoë Kravitz was spotted with a 9-carat diamond engagement ring estimated to cost up to $500,000.
In 1917, the case of Jacobs v Davis established that an engagement ring is presumed to be an absolute gift in England and Wales, unless it can be proven that it was given on the condition that it must be returned if the marriage does not take place.
Beginning in 1935, laws allowing a woman to sue a man for breaking off an engagement were repealed or limited in the United States, increasing the need for financial security, like a diamond ring, for women.
In 1938, the De Beers diamond cartel started a marketing campaign to increase the sales of diamonds, which were declining due to the Great Depression and changing fashion trends.
In 1939, the De Beers Group initiated a marketing campaign that would significantly affect the popularity of diamond engagement rings.
In 1939, the advertising phase of the De Beers marketing campaign began, which included educating the public about the '4 Cs' of diamonds: cut, carats, color, and clarity.
After 1945, the abolishment of "breach of promise" laws in the USA led to a surge in engagement ring sales, as women sought financial security in case of a break-up.
In 1947, the slogan "a diamond is forever" was introduced as part of the De Beers marketing campaign.
In 1959, there was a ruling regarding engagement rings in Massachusetts.
By 1979, due to the De Beers campaign that started in 1939, diamond sales in the United States increased from $23 million to $2.1 billion.
In 1979, the marketing campaign by the De Beers Group that began in 1939 ended.
Scholarly research indicates that spending more than US$2,000 on an engagement ring is strongly associated with debt-related stress and early divorces.
In 2001, the Meyer v. Mitnick case in Michigan found that engagement rings are conditional gifts and should be returned if the engagement is broken, regardless of fault.
In 2012, the reported average cost of an engagement ring in the US was US$4,000.
In a 2015 scholarly study, it was found that almost a quarter of couples did not buy an engagement ring, and another third spent less than US$2000 on it.
In 2024, Massachusetts adopted a no-fault return ruling, overturning a 1959 ruling, citing the adoption of no-fault divorce as a modern expectation.
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