engagement rings

Diamond Prices Are Set to Spike. Here’s Why.

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  • Buying a diamond is about getting more expensive, industry experts told Business Insider.
  • That’s due to a number of pandemic distortions that are finally working their way out of the industry.
  • Prices could rise as much as 10% over the next year, some analysts say.

Buying a diamond is about to become more expensive.

Blame a myriad of factors that are boosting the market, including tighter supply, hotter demand, and a wave of couples who are expected to get cuffed

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engagement rings

How Quiet Luxury Is Impacting Engagement Rings

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Over the past year, quiet luxury has been a buzzy trend in fashion thanks to HBO’s “Succession,” popping up on the runways and influencing shoppers to adopt understated, minimalist styles that exude a subtle popularity.

This trend has touched many facets of the fashion industry, including the bridal market and, more specifically, engagement rings, causing a shift in customer preferences that’s led to a rise in demand for minimal, yet eye-catching styles.

Quiet luxury is the “dominant” style in 2023, said Kristina Buckley Kayel, managing director and chief marketing officer at the Natural Diamond Council. “What is signature to it

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