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The Round Brilliant cut diamond started the now universal trend of wearing diamond engagement rings to symbolize love and commitment. This versatile, round shape has timeless appeal and undeniable ...
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, ...
The most common setting for engagement rings is the solitaire prong setting, which was popularized by Tiffany & Co. in 1886 and its six-claw prong setting design sold under the "Tiffany setting" trademark. The modern favorite cut for an engagement ring is the brilliant cut, which provides the maximum amount of sparkle to the gemstone. [46]
The popularity of the diamond ring as an engagement ring for a much wider audience can be traced directly to the marketing campaigns of De Beers, starting in 1938. [59] The campaign had become necessary to sell the many diamonds suddenly available because of large diamond finds, particularly in South Africa.
Fancy-colored diamonds such as the deep-blue Hope Diamond are among the most valuable and sought-after diamonds in the world. In 2009, a 7-carat (1.4 g) blue diamond fetched the then highest price per carat ever paid for a diamond when it was sold at auction for 10.5 million Swiss francs (US$9.5 million at the time) which is in excess of US$1.3 ...