Published at Thursday, 12 September 2019. Wedding Ring. By Valiant Trépanier.
Men’s wedding rings became popular during the Second World War and have seen no decline in demand since then. A wedding ring has become an essential piece of jewellery for men in present times. Wedding rings for men have come a long way since then. The traditional plain bands are now being replaced by stylish Diamond rings. Like women, men too are in love with the sophistication and sparkle of Diamonds.
What was the average engagement ring and wedding band cost two years ago? $5,200 for an engagement ring and $1,126 for wedding bands for brides – a wedding ring for the groom had an average price tag of just $491. The most popular forms of engagement rings were round (53 percent), princess (30 percent) and made of white gold (73 percent). Of course, it doesn’t take the average groom a couple of hours to find the perfect ring. Instead, it took roughly three months for the man to locate a ring that was just perfect for his bride-to-be.
The retail jewelry business is in a state of flux as the online retailers are making it very hard for the brick and mortar retailers to compete. When the many expenses such as rent, electricity, parking lot maintenance and print advertising as well as staff costs are considered, most of these business owners must be very concerned. The online retailer has the advantage of operating out of a warehouse, doesn’t need a fancy building or a huge parking area to make diamond ring sales. Once the website is set up it is ready to sell 24/7 his marketplace is open worldwide.
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