The global engagement ring market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The market is driven by the increasing demand for diamond rings and gold rings in North America and Europe, respectively. The demand for platinum rings is also on the rise in Asia Pacific due to its high durability and resistance against corrosion.
The global engagement ring market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into platinum ring, gold ring, diamond ring; on the basis of application it has been segmented into women’s engagement rings and men’s engagement rings; while on the basis of region it has been segmented into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
- The engagement ring market is growing because of the increase in the number of marriages.
- The engagement ring market is growing because of the increase in the number of engagements.
- The engagement ring market is growing because people are getting married later in life and they want to buy a more expensive ring than they would have if they were younger when they got engaged or married.
- The engagement ring market is growing because people are buying more expensive rings than before, which means that there will be an increased demand for diamonds and other precious stones that go into making these rings, which will lead to an increased demand for gold and platinum as well as other metals used to make these rings, such as silver and palladium, which will lead to an increased demand for jewelry stores who sell these materials or who work with them on a daily basis such as jewelers or goldsmiths; this will also lead to an increased demand for diamond cutters who work with diamonds on a daily basis; this will also lead to an increased demand for jewelers who work with precious metals on a daily basis; this will also lead to an increased demand for metal smiths who work with precious metals on a daily basis; this will also lead to an increased demand for gemologists who study gems and minerals on a regular basis; this will also lead to an increase in jobs at jewelry stores where people can help customers find what kind of stone they want their diamond cut from (e.g., round brilliant cut) or what kind of metal their platinum should be made out of (e.g., 18k white gold). .
- Engagement Ring Market growth factors include:.
Industry Growth Insights published a new data on “Engagement Ring Market”. The research report is titled “Engagement Ring Market research by Types (Platinum Ring, Gold Ring, Diamond Ring, Other), By Applications (Women, Men), By Players/Companies Cartier, Tiffany, Laofengxiang, Chow Tai Fook, Chow Sang Sang, Lukfook, Mingr, LVMH, Chowtaiseng, Harry Winston Company, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard, De Beers, Buccellati, Bvlgari, Damiani”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Engagement Ring Market Research Report
By Type
Platinum Ring, Gold Ring, Diamond Ring, Other
By Application
Women, Men
By Companies
Cartier, Tiffany, Laofengxiang, Chow Tai Fook, Chow Sang Sang, Lukfook, Mingr, LVMH, Chowtaiseng, Harry Winston Company, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard, De Beers, Buccellati, Bvlgari, Damiani
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Engagement Ring Market Report Segments:
The global Engagement Ring market is segmented on the basis of:
Types
Platinum Ring, Gold Ring, Diamond Ring, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Women, Men
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cartier
- Tiffany
- Laofengxiang
- Chow Tai Fook
- Chow Sang Sang
- Lukfook
- Mingr
- LVMH
- Chowtaiseng
- Harry Winston Company
- CHJ
- I DO
- CHJD
- Yuyuan
- David Yurman
- TSL
- Van Cleef&Arpels
- Charles & Colvard
- De Beers
- Buccellati
- Bvlgari
- Damiani
Highlights of The Engagement Ring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Platinum Ring
- Gold Ring
- Diamond Ring
- Other
- By Application:
- Women
- Men
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engagement Ring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An engagement ring is a ring given to a woman by her fiance, typically as an indication of their impending marriage.
Some of the key players operating in the engagement ring market are Cartier, Tiffany, Laofengxiang, Chow Tai Fook, Chow Sang Sang, Lukfook, Mingr, LVMH, Chowtaiseng, Harry Winston Company, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard, De Beers, Buccellati, Bvlgari, Damiani.
The engagement ring market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engagement Ring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Engagement Ring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Engagement Ring Market - Supply Chain
4.5. Global Engagement Ring Market Forecast
4.5.1. Engagement Ring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Engagement Ring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Engagement Ring Market Absolute $ Opportunity
5. Global Engagement Ring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Engagement Ring Market Size and Volume Forecast by Type
5.3.1. Platinum Ring
5.3.2. Gold Ring
5.3.3. Diamond Ring
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Engagement Ring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Engagement Ring Market Size and Volume Forecast by Application
6.3.1. Women
6.3.2. Men
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Engagement Ring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Engagement Ring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Engagement Ring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Engagement Ring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Engagement Ring Demand Share Forecast, 2019-2026
9. North America Engagement Ring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Engagement Ring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Engagement Ring Market Size and Volume Forecast by Application
9.4.1. Women
9.4.2. Men
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Engagement Ring Market Size and Volume Forecast by Type
9.7.1. Platinum Ring
9.7.2. Gold Ring
9.7.3. Diamond Ring
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Engagement Ring Demand Share Forecast, 2019-2026
10. Latin America Engagement Ring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Engagement Ring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Engagement Ring Market Size and Volume Forecast by Application
10.4.1. Women
10.4.2. Men
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Engagement Ring Market Size and Volume Forecast by Type
10.7.1. Platinum Ring
10.7.2. Gold Ring
10.7.3. Diamond Ring
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Engagement Ring Demand Share Forecast, 2019-2026
11. Europe Engagement Ring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Engagement Ring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Engagement Ring Market Size and Volume Forecast by Application
11.4.1. Women
11.4.2. Men
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Engagement Ring Market Size and Volume Forecast by Type
11.7.1. Platinum Ring
11.7.2. Gold Ring
11.7.3. Diamond Ring
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Engagement Ring Demand Share, 2019-2026
12. Asia Pacific Engagement Ring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Engagement Ring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Engagement Ring Market Size and Volume Forecast by Application
12.4.1. Women
12.4.2. Men
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Engagement Ring Market Size and Volume Forecast by Type
12.7.1. Platinum Ring
12.7.2. Gold Ring
12.7.3. Diamond Ring
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Engagement Ring Demand Share, 2019-2026
13. Middle East & Africa Engagement Ring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Engagement Ring Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Engagement Ring Market Size and Volume Forecast by Application
13.4.1. Women
13.4.2. Men
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Engagement Ring Market Size and Volume Forecast by Type
13.7.1. Platinum Ring
13.7.2. Gold Ring
13.7.3. Diamond Ring
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Engagement Ring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Engagement Ring Market: Market Share Analysis
14.2. Engagement Ring Distributors and Customers
14.3. Engagement Ring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cartier
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tiffany
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Laofengxiang
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chow Tai Fook
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chow Sang Sang
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lukfook
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mingr
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LVMH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chowtaiseng
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Harry Winston Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CHJ
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. I DO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CHJD
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yuyuan
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. David Yurman
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TSL
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Van Cleef&Arpels
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Charles & Colvard
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. De Beers
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Buccellati
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
