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Recession? Diamond Engagement Ring Sales to Hit 9 Billion by 2013!
So says The WeddingReport.com Bling-Bling, We Sing.
Engagement ring spending will total an amazing $6.1 billion in the United States in 2008, with another $2 billion in spending on wedding rings for brides and grooms.
This $8.1 billion bridal market will increase to $9.2 billion by 2013, a growth of 13.4 percent over the next five years. The majority of both engagement and wedding rings will contain diamonds with more than two-thirds of the rings being of white gold composition.
Other items in this report: Couples typically begin their engagement ring search 6 months before their wedding with ring style and budget the main factors, December is the most popular month to get engaged and Saturday the most popular day for the Guy to pop the question.
Happy Shopping!
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