Sotheby’s will auction the diamond, which it says is “arguably the most significant pink diamond to ever appear at auction,” in June.
Average engagement ring spend inches closer to $6K
The average amount couples are spending on their weddings went up in 2014, including what they’re paying for engagement rings, according to a survey from The Knot.
New York--The average amount that couples are spending on their weddings went up in 2014, including what they’re paying for engagement rings, which increased from $5,598 in 2013 to $5,855 last year, according to a survey from The Knot.
The wedding website’s most recent Real Weddings survey shows that the average cost of a wedding across the country now is at $31,213.
The most expensive place in the U.S. to get married remains Manhattan, where the average wedding costs $76,328. The least expensive place to get married in the country in Utah, where couples spend an average of $15,257 overall.
An interesting, though perhaps not surprising, trend that The Knot noted is that couples are increasingly using their smartphones to help plan for the big day.
The use of mobile to access wedding planning websites has nearly doubled over the last three years--in 2011, that number was at 33 percent and last year it had increased to 61 percent.
And the trend of personalization that has taken the fine jewelry industry by storm also has seemingly taken over many more aspects of consumer spending, as couples are moving away from more traditional wedding venues to find unexpected places to get married to show their own unique style.
While traditional sites like banquet halls, country clubs and hotels are still popular, an increasing amount of couples are looking for unusual venues.
Since 2009, historic buildings/homes and farms have grown in popularity--historic buildings increased from 12 percent in 2009 to 14 percent last year, and farms have gone from 3 percent six years ago to 6 percent in 2014.
A third trend that The Knot spotted is that couples are starting to spend more on their receptions and less on the ceremony itself. The number of couples paying for a cocktail hour rose from 69 percent in 2010 to 76 percent last year; more also is being spent on catering, musicians and cake.
Other notable statistics from the survey include the following:
--Average amount spent on a wedding dress: $1,357;
--Average marrying age: women, 29; men, 31;
--Average number of guests: 136;
--Most popular month to get engaged: December;
--Average length of engagement: 14 months; and
--Most popular month to get married: June.
The Knot surveyed approximately 16,000 brides and grooms that were married between Jan. 1 and Dec. 31, 2014. This was the site’s eighth Real Weddings report.
The retailer, recently acquired by Signet Jewelers, will lay off 119 employees in July.
The Swiss watchmaker introduced 17 new models at Watches & Wonders Geneva.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
As part of the promotion, Smith will share his sales expertise during a 90-minute training session.
At Watches & Wonders, the Swiss brand unveiled a follow-up to last year’s Tonda PF GMT Rattrapante.
The “rêve” collection’s engagement rings and wedding bands are geared toward “sustainability minded customers.”
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
A new word appears on the dial each day of the week.
Bensons Jewelers closed for good Feb. 24, impacted in part by the decline in foot traffic downtown since the onset of the pandemic.
Kolja Kiofsky has been with the crystal and jewelry company since 2010.
The Kruse GWS Auctions sale will include the replica “Taj Mahal” necklace Elizabeth Taylor made with Avon as well as a costume piece Marilyn Monroe wore.
Massimo Basei is moving up, while Chief Commercial Officer Martino Pessina is stepping down.
AGTA GemFair and the Denver Gem & Mineral Show also will have a presence on the show floor.
Sold by Christie’s Hong Kong, this masterwork of complications now holds the record for most expensive watch ever auctioned online.
The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.
Adam O’Grady, general manager of the Lightbox Lab, has taken on the new role and will report directly to Lightbox CEO Antoine Borde.
The watch marketplace gathered data from 1.3 million collectors, highlighting the most popular timepieces and exploring value appreciation.
Burgundy has opted not to exercise its option to buy the mining claims Gibb River Diamonds currently owns.
Patented and specialty cuts now can receive an 8X Proprietary Certificate, which can be customized to include a company’s brand and logo.
The organization said it will recognize those who exemplify the idea that doing good is good business.
Kendall Jenner once again is fronting the French brand’s campaign, joined by model and dancer Alton Mason.
The CEOs of Signet, Helzberg, and GIA spoke on a water conservation panel, and had lakes named in their companies’ honor.
Sales of the sleek sterling silver and diamond design will go to nonprofit organization charity: water.
Expected to earn up to $4.5 million, the “Jarretière” bracelet is the star of Christie’s “The Magnificent Jewels of Anne Eisenhower” sale.
With jewelry sales coming down from their pandemic highs, retailers need to do all they can to retain existing customers, Peter Smith says.
Jewelry historians, authors, and experts will explore the works of Tiffany & Co., Oscar Heyman, Verdura, and more.