Published at Monday, 23 September 2019. Wedding Ring. By Amabella Grandbois.
For many the starting point for purchasing a ring may well be budget setting. Conventional thought suggests that an engagement ring purchase should equal between one and two months’ salary, however, the far superior element is the thought and consideration put into finding your loved ones’ ring that they will likely wear forever.
In 2011, TheKnot.com and WeddingChannel.com published an in-depth report on engagement and wedding statistics in the United States. It looked at how much the engagement ring and wedding jewelry is worth, what kind of rings the grooms are purchasing and how people are proposing nowadays. ”Jewelry is a significant part of the wedding experience and the 2011 Engagement & Jewelry Study provides unparalleled insight into the multibillion-dollar industry,” said Kristyn Clement, Senior Director of The Knot Market Intelligence at XO Group Inc.
Grooms are also shopping around. It was reported that more than one-third (35 percent) purchased at least part of the ring from a nationally-recognized jewelry chain, while 39 percent purchased at least some of the ring at a local or independent jewelry shop. They aren’t heading online, though: only nine percent responded that they bought a ring for their bride from an online retailer.
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