This put up is sponsored by BriteCo Inc. — BriteCo is a outstanding supplier of jewellery insurance coverage and appraisal know-how within the US. Like PriceScope, BriteCo typically receives inquiries about shopping for engagement rings. BriteCo is ready to present readability round diamond engagement ring shopping for patterns and client procuring habits. This text primarily focuses on knowledge findings obtained by BriteCo from 2020 to 2021 utilizing their insurance coverage and appraisal database. BriteCo’s goal is to help customers in making an informed resolution when looking for a diamond engagement ring.
How A lot Was Spent On Diamond Engagement Rings In 2021?
In 2021, the common value of a diamond engagement ring elevated to $7,011. This can be a 6.1% enhance over 2020.
How A lot Was Spent On Lab-Grown vs Pure Diamond Engagement Rings?
In keeping with BriteCo statistics, the common value of a pure (earth-mined) diamond engagement ring elevated from $7,197 in 2020 to $8,053 in 2021, an 11.95% year-on-year rise. Compared, the common value of a lab-grown diamond engagement ring elevated by 8.6% from $4,037 in 2020 to $4,383 in 2021.
In keeping with Instore journal’s Large Survey in October 2021, most jewelers now inventory lab-grown diamonds and are witnessing a rise in demand.
Particularly amongst youthful customers. In keeping with BriteCo statistics, lab-grown diamonds boosted their market penetration final 12 months, rising from 18.7% of engagement ring gross sales in 2020 to twenty-eight.4% in 2021.
What Are The Most Fashionable Diamond Sizes (Carat Weight) For Engagement Rings?
In keeping with BriteCo analysis, the nice majority of engagement rings embrace diamond middle stones, with the most well-liked middle stone diamond weights ranging between 1.0 and 1.5-carats. That is hardly stunning on condition that many engagement ring customers search at the very least 1-carat for his or her middle stone.
The typical middle stone diamond measurement (measured in carat weight) elevated from 1.20-carats in 2020 to 1.32-carats in 2021.
When evaluating the scale progress of lab-grown and pure diamonds, the common for lab-grown diamonds climbed from 1.34-carats in 2020 to 1.49-carats in 2021, as the value discount for lab-grown diamonds elevated this 12 months.
In distinction, regardless of a rise in diamond wholesale prices within the earlier 12 months, the common measurement of pure diamonds climbed from 1.16-carats in 2020 to 1.25-carats in 2021.
The place Do Folks In The US Spend The Most On All Sorts Of Engagement Rings?
Engagement ring spending is best within the Mid-Atlantic space of the US, with a mean value of $9,343. Compared, individuals who spend the least on an engagement ring stay within the West North Central space of the US, the place the common value is $3,831.
What Sorts Of Engagement Ring Kinds Are Most Fashionable?
Solitaire and halo engagement ring types have been the 2 hottest types of engagement rings within the final two years (and traditionally), accounting for greater than 40% of engagement ring purchases. Facet stone rings, three stone rings, and classic or traditional engagement rings are additionally stylish.
In 2021, solitaire and customized engagement ring types have been extra standard, whereas side-stone engagement rings received much less standard.
Taking a look at shade and readability in tandem, we will see the most well-liked mixture of the 2. in 2021 have been:
Diamond Shade
Diamond Readability
G SI1 H SI1 H SI2 G VS2 H VS2
Further Fascinating Findings:
The typical carat weight of melee diamonds utilized in rings is 0.534 carats.
In 2021, the entire carat weight of diamonds in an engagement ring was 1.819 carats.
For Extra Info – Entry The Unique PDF Report.
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