Lab-Grown Demand Boosts Average Engagement Ring Size
US couples purchased larger engagement rings on average last year as lab-grown diamond center stones gained popularity, according to a survey by wedding resource The Knot.
One in three consumers surveyed bought an engagement ring over 2 carats, including side stones and accents, up 10% from pre-pandemic levels in 2019, the Knot said in its recently released 2023 Real Weddings Study. The growth is partly due to the rise of lab-grown diamond engagement rings, which are less expensive than natural and allow buyers to get larger stones for the same price, The Knot explained.
Diamonds remain the most popular choice…