loader image
Connect with us

DiamondBuzz

LGDs dominate engagement ring segment, 239% increase since 2020: The Knot

Price stability may unlock deferred demand, while investment demand persists and wedding-related purchases support jewellery sales.

Published

on

1,217 Views

The traditional diamond industry just got a serious wake-up call. According to the latest data from The Knot, 2025 marked the official “takeover” of lab-grown diamonds in the engagement ring market. Couples are ditching the natural pipeline in favor of LGD  stones that offer more sparkle for fewer dollars.

Here is the breakdown of how the engagement ring landscape shifted over the last year.

The Lab-Grown Revolution

The numbers don’t lie: synthetic stones are no longer a “budget alternative”—they are the primary choice.

  • Market Dominance: 61% of couples chose a lab-grown center stone in 2025.
  • The Growth Factor: That’s a staggering 239% increase since 2020.
  • The “Why”: It’s a mix of economic pragmatism and evolving values. In fact, 40% of buyers specifically sought out lab-grown stones for ethical or personal reasons.

 Spending vs. Size: The Great Trade-Off

While couples are spending less on average, they are walking away with much bigger rocks.

FeatureLab-Grown (Avg)Natural Diamond (Avg)
Average Cost$4,300$7,000
Carat Size2.0 cts1.6 cts
Top ShapeOvalRound

Bottom Line: The average total spend on rings dropped from $5,200 in 2024 to $4,600 in 2025, yet the average stone size grew from 1.7 to 1.9 carats. Essentially, couples are getting “more for less.”

Style Trends: Yellow Gold is Back

It’s not just about the stone; the “look” of the ring is evolving too.

  • Metal Magic: Yellow gold is the undisputed champion at 39% demand (a 140% jump over five years), while white gold continues to lose its luster.
  • The Silhouette: Solitaire settings remain the top pick (38%), emphasizing the “big stone” aesthetic.
  • Shape Shifters: While Round is still the #1 shape overall (26%), Ovals are hot on its heels at 25%. Emerald, princess, pear, and marquise shapes follow behind at 8% each.
  • The Personal Touch: 90% of couples opted for custom designs or edits—the “cookie-cutter” ring is officially out.

The Shopping Experience: High-Tech Stones, Old-School Service

Despite the rise of lab-grown tech, couples still want a “main street” experience.

  • In-Person Preference: Over 50% of couples say shopping in person is a must.
  • The Hunt: On average, proposers visit two retailers and look at 10 different rings before pulling the trigger.
  • Final Click vs. Handshake: 64% of purchases were made in-store, with only one-third of couples buying online.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

Botswana  Stepping Up Diplomatic Efforts To Complete The Removal Of US Tariffs

Botswana Leverages Critical Minerals To Push For The Full Removal Of US Tariffs On Diamond Exports

Published

on

1,925 Views

Botswana is stepping up diplomatic and trade efforts to secure the complete removal of US tariffs on its diamonds and other key exports, underscoring the move as vital to regaining its competitive edge in the global market. Minerals and Energy Minister Bogolo Kenewendo has reiterated the government’s firm stance that negotiations will continue until all tariffs are eliminated.

Currently subject to a 15% tariff—down from a steep 37% imposed in April 2025 and later reduced in August—the country has formally submitted its proposals and requests to the United States and is awaiting a response. The government has maintained a consistent position that the remaining tariff continues to hinder Botswana’s export potential, particularly in the diamond sector, where it ranks as the world’s second-largest producer after Russia.

To strengthen its negotiating position by positioning itself as a reliable supplier of both diamonds and essential minerals, Botswana aims to become the first African diamond-producing nation to achieve a tariff-free trade arrangement with the US, a move that could significantly enhance its long-term trade prospects and economic resilience.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x