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Data from Rare Carat, an online diamond marketplace for engagement rings, found New Jersey is the third-most expensive state for engagement rings this Valentine’s Day, averaging $10,445 per ring.
The average cost of a diamond engagement ring in 2024 is around $6,000. The wedding industry has ballooned to be worth $196.58 billion in 2023 — historic growth, ...
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Ultimately, the De Beers campaign sought to persuade the consumer that an engagement ring is indispensable, and that a diamond is the only acceptable stone for an engagement ring. [33] The sales of diamonds in the United States rose from $23 million to $2.1 billion between 1939 and 1979.
1.13-carat (226 mg) round diamond engagement ring. The origin of the custom to use diamonds in rings, and more recently, in engagement rings, can be traced back to the Middle Ages and even the Romans. The Romans valued the diamond entirely on account of the supernatural powers they ascribed to it.
Conversely, the jewellery industry in the early 20th century launched a campaign to popularise wedding rings for men, which caught on, as well as engagement rings for men, which did not, go so far as to create a false history and claim that the practice had medieval roots. By the mid-1940s, 85% of weddings in the U.S. featured a double-ring ...
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