I would love to discuss-do you think due to the availability of lab diamonds, brides are going to sport 2-3 carat rings instead of the standard on carat?
Already seeing it. I have some younger friends recently engaged and they are both rocking 2 carat labs.
That’s really funny.
Why funny?
Because they can be college kids without jobs yet. If my friends got large engagement rings when we were 22, I knew their parent purchased them. Most did not get over 1.5 carat.
I think 2ct will be the new norm for “average” in the states. However all over Europe I still see small diamonds. London, now and again, I will see a big rock in Knightsbridge or soho.
I remember 20 years ago (or so) 2 carats seemed enormous. But I grew up in a place with very low COL and then moved to a major metropolitan area with no intention of ever wearing a diamond ring. Seeing how others at that time were allocating their money between rings, homes, cars, luxury items had me incredulous. Just wasn’t used to the scale, even having grown up with money myself.
I think there will be some resentment and shitty attitudes between older and younger gens over this. Some women waited decades for an upgrade to 2-3 carats and put up with a lot of shit during those years, and to see younger women walking around with that size diamond has got to be at least a little frustrating.
The younger crowd is more concerned with experiences, work/life balance, heck finding a home to buy, than they are with spending a ton of money on earth-mined diamonds. Many of them are going for the “look for less” or as some would say “dupes.”
There’s a market and product for everyone. It wasn’t all that long ago that I thought lab created colored stones would never catch on, but they certainly have. It will be interesting to see how this all shakes out. I have a feeling we as a society are on the verge of seeing engagement rings fall by the wayside altogether. It is a very outdated concept and a lot of the younger crowd is starting to eschew those in favor of progress and equality.
Sorry for the soliloquy.
Um. It is real. It's just not old. LOL
Hang onto it for a couple billion years then see how they change their tune when they realize it holds up the exact same as any other diamonds.![]()
Given the uptick in lab diamonds (and thus cost savings), I wonder if that means more buyers will splurge on a more substantial or custom setting rather than the super duper thin bands.
One of my youngish coworkers has already had her ring warped and another's pave diamonds fell out within a couple months.
So you’re saying my 40 year old self can wear a 5ct without looking like I’m trying too hard?