How Much Do You Spend on Fashion Accessories and Jewelry

Stephengeorge21 Apr, 2022Fashion

Did you know that in 2020, Americans spent an average of $62.12 on jewelry annually? While this gives us an idea of the average consumer, the amount spent on fashion accessories, engagement rings, and jewelry varies from person to person. Some people may just spend a few hundred dollars per year on accessories and jewelry, while others may shell out thousands of dollars to glam up their appearance. Many people choose to invest in a quality piece of jewelry every few months, while impulsive shoppers can?t stop themselves from buying new accessories every week. Additionally, the amount one spends on jewelry depends on its component material?s grade and purity. For instance, a 10k white gold ring or a 10k yellow gold ring will obviously cost less than a 14k gold ring or an 18k gold ring due to the metal purity and concentration variation. Similarly, the prices of diamonds and gemstones also caries depending on 4 Cs, cut, clarity, carat, color, etc.