A marriage proposal can be the most nerve-racking task anyone can go through and this infographic outlines the ‘Top 10 Engagement Ring Facts and Trends’ for 2012. This infographic is a great tool for men who are about to pop the question as it outlines the industry and tosses in some interesting proposing facts.
On average it takes a groom approximately three months to find the perfect ring. In 2010, $9.6 billion was spent on wedding and engagement rings in the United States of America. This shocking figure shows the extravagance some men are willing to go through for their potential life mates. A fun tidbit of information, 77% of men propose on one knee.
Matrimonial Ring Statistics
The Top 10 Engagement Ring Facts and Trends are Mind Blowing
Trend Themes
1. Personalized Engagement Rings - Opportunity for jewelers to offer customized engagement rings to cater to individual preferences and unique styles.
2. Lab-grown Diamonds - Potential for disruption in the diamond industry as more consumers embrace sustainable and affordable alternatives to natural diamonds.
3. Online Engagement Ring Shopping - E-commerce platforms and virtual try-on technologies present an opportunity for retailers to tap into the growing trend of online engagement ring purchases.
Industry Implications
1. Jewelry Retail - Retailers can leverage the evolving trends in engagement rings to attract customers and drive sales in the jewelry industry.
2. Diamond Mining - The rise of lab-grown diamonds presents a disruptive opportunity for the diamond mining industry to adapt to changing consumer preferences.
3. E-commerce - Online retailers can capitalize on the increasing demand for online engagement ring shopping by providing seamless and personalized buying experiences.