US And Canada Diamond Engagement Ring Market Size By Mode of Purchase (Offline and Online), By Style (Halo, Solitaire, Vintage), By Geographic Scope And Forecast

US And Canada Diamond Engagement Ring Market Size And Forecast

US And Canada Diamond Engagement Ring Market size was valued at USD 32.37 Billion in 2024 and is projected to reach USD 43.98 Billion by 2031, growing at a CAGR of 4.31 % during the forecast period 2024-2031.

The increasing number of counterfeit rings in the market is a major factor affecting the growth of the market. Moreover, the growing penetration of the E-commerce sector coupled with the characteristic of engagement ring is attracting customers, which in turn, propelling the growth of the market. The US And Canada Diamond Engagement Ring Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

US And Canada Diamond Engagement Ring Market Definition

Engagement rings are referred to in different parts of the world as finger rings or bands worn to celebrate the tradition of engagement or marriage. The engagement ring has been used since ancient times according to different cultures and has gained prominence around the world. Gimmel rings, poesy rings, and Byzantine rings were previously used as engagement rings. As innovation and technology have occurred in recent years, the industry has widened its range of engagement rings. In general, the classic and simple diamond wedding bands are produced by the use of powerful machines that apply enormous pressure on the metals and blending machines to shape the ring, followed by the process of soldering, polishing, and buffing.

US And Canada Diamond Engagement Ring Market Overview

The investment of key players in improving the efficiency of technology such as casting and plating by the use of software has created a range of premium engagement rings that draw mass consumers in the industry. The growing consumer need for newer trends and customization is expected to fuel the growth of the market over the estimated time.

US And Canada Diamond Engagement Ring Market Segmentation Analysis

The US And Canada Diamond Engagement Ring Market are segmented on the basis of Mode of Purchase, Style, and Geography.

US And Canada Diamond Engagement Ring Market, By Mode of Purchase

• Offline
•  Online

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Based on Mode of Purchase, the market is bifurcated into Offline and Online. Offline accounted for the largest market share in 2019. The growing trend of customization of diamond engagement rings is supporting the growth of the market.

US And Canada Diamond Engagement Ring Market, By Style

• Halo
• Solitaire
• Vintage
•  Others

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Based on Style, the market is bifurcated into Halo, Solitaire, Vintage, and Others. Halo accounted for the largest market share in 2019. Halo diamond engagement rings are one of the most popular styles of diamond rings in the market.

US And Canada Diamond Engagement Ring Market, By Geography

• North America
• US
• Canada

Based on Geography, the US And Canada Diamond Engagement Ring Market are classified into North America, US, Canada. The US And Canada Diamond Engagement Ring Market in this region are estimated to witness robust growth propelled by the economic developments of countries such as China, India, Japan, and Australia.

Key Players

The “US And Canada Diamond Engagement Ring Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Blue Nile Inc., Kay Jewelers, Zales, Jared The Galleria Of Jewelry, Tiffany & Co., Michael M, and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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