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The average cost of a diamond engagement ring in 2024 is around $6,000. ... In 2023, sales for wholesale polished diamonds fell 20%. Elissa Sommers, ...
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 ...
Recycled diamonds are diamonds that have been polished and set into jewelry, then removed and possibly re-cut before sale back into the diamond industry. This sector accounts for 5%–10% of market supply. [25] Many jewelers typically offer to repurchase diamonds at a 15–20% discount relative to their selling price. [25]
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 company that became Blue Nile began in 1995 when Doug Williams of Williams & Son Inc. of Seattle started a website to sell diamonds online. [3] Mark C. Vadon, then a management consultant at Bain & Company, purchased a diamond engagement ring from the site in 1998. [3]
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