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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.

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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.

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DiamondBuzz

VBJ Partners With Ignition 2026 To Celebrate Ideas, Culture and Craftsmanship

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VBJ, Vummidi Bangaru Jewellers, one of South India’s most trusted heritage jewellery brands, partnered with IGNITION, the acclaimed thought leadership platform presented by the Shiv Nadar Foundation and curated by award-winning journalist Shoma Chaudhury. Held at ITC Grand Chola, Chennai, the event brought together distinguished voices from diplomacy, cinema and international affairs, while VBJ showcased its latest PARRO – Signature Collection, celebrating exceptional craftsmanship inspired by nature.

The evening featured compelling conversations with Dr. Abdul Majid Hakeem Ilahi, representative of Iran’s Supreme Leader, who shared perspectives on the evolving geopolitical landscape in West Asia; acclaimed actor Ali Fazal, who reflected on his artistic journey from Indian cinema to Hollywood; and former Foreign Secretary Vijay Gokhale, who discussed the changing global order and insights from his latest book, China’s Wars.

Adding an artistic dimension to the evening, VBJ unveiled a curated display of its PARRO – THE SIGNATURE PARROT COLLECTION, an exclusive line inspired by the grace, vibrancy and symbolism of the parrot. Combining intricate craftsmanship with contemporary design sensibilities, the collection reflects VBJ’s enduring commitment to transforming nature into timeless wearable art.

Speaking on the occasion, Amarendran Vummidi, Managing Partner, VBJ, said:

“IGNITION has established itself as a platform where influential voices come together to spark conversations that shape perspectives. At VBJ, we believe that meaningful ideas and enduring craftsmanship both have the power to inspire generations. Our continued association with IGNITION reflects our commitment to supporting platforms that celebrate excellence, dialogue and creativity.”

Jithendra Vummidi, Managing Partner, VBJ, added:

“The PARRO collection embodies our pursuit of artistry that is rooted in heritage yet resonates with contemporary lifestyles. Presenting it at IGNITION, a forum that celebrates ideas, innovation and culture, is a fitting way to showcase how timeless craftsmanship continues to evolve while staying true to its origins.”

As a fifth-generation family-run brand, VBJ takes immense pride in its legacy as the creator of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Rediscovered after 72 years through meticulous research by the VBJ team, the Sengol was reinstated beside the Speaker’s chair in India’s new Parliament building, Sansad Bhavan, by Hon’ble Prime Minister Narendra Modi, marking VBJ’s enduring bond with India’s cultural and national heritage. Continuing this legacy, VBJ is now set to unveil its largest jewellery showroom on Coimbatore’s 100ft Road.

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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.

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