Crazy Money! Digging for an Engagement Ring Diamond

It’s Crazy Money Day! 

The largest diamond found in the United States was discovered in 1924. The white diamond with a pink cast, weighing 40 carats, is held at the Smithsonian’s National Museum of Natural History. The land on which it was found became Crater of Diamonds State Park in Arkansas. It’s the one public site in the world where you can search for and keep any gems you find.

A woman from New York went there in search of a diamond for her engagement ring. After a 3-week search, she spotted what she thought was a glistening spiderweb. Nudging it with her boot, she realized it was something else. So she bent down, picked it up, and excitedly rushed to the Diamond Discovery Center. It was confirmed to be a white, colorless diamond, weighing more than two carats. That’s crazy!

According to a 2024 study, diamonds are a serious investment. The average engagement ring costs around $5,200, but varies among couples and regions of the U.S. For someone interested in buying a ring, it’s important to determine how much you can actually afford. Before spending any money, see if there’s a ring in the family. Heirloom jewelry can be a deeply meaningful and financially wise decision. They often carry family history that connects you and your future spouse to generations of love and commitment. So never put yourself under financial stress to buy an engagement ring. Your commitment to one another and God can be symbolized with a silicone band costing less than $100.

And if you need help navigating your finances, a Crown online course or a trained Budget Coach can set you on the path to financial freedom. Go to crown.org and click “Get Help Now“. You can start today at crown.org.