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In One Chart: Are engagement rings passé?

Young lovestruck couples still mark their engagements with diamonds. But should they find a less expensive way to start their lives together?

Chance the Rapper proposed to his girlfriend Kirsten Corley on the Fourth of July. He got down on one knee and presented his wife-to-be with an engagement ring. When Britain’s Prince Harry proposed to Meghan Markle, there was a lot of talk about the ring. Prince Harry used two diamonds that belonged to his late mother, Diana, Princess of Wales, and one from Botswana where the couple recently vacationed. Some experts estimate it could be worth up to $350,000.

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