Engagement ring sales skyrocket by 20% on 2019 as easing of COVID restriction rules and end of pandemic inspires romantic proposals
In April and May, jewelers witnessed dramatic growth in engagement ring demand following the increase in Covid vaccination rates across the U.S
Privately held jeweler Shane Company said business sales of engagement rings and wedding bands are on the rise as in-person ceremonies are taking place
Sales for The Clear Cut, a NYC-based engagement ring company, skyrocketed in spring, as did sales for Los Angeles-based fine jeweler, Mark Broumand Inc
While true love might prove to be the primary culprit, another reason lies within the reality that many Americans were able to save a large amount of money
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Engagement ring sales soar as Americans recover from the pandemic
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ATLANTA (CNN) The wedding industry is rebounding as the United States recovers from the pandemic. And with glimmers of normality in the air, more Americans are preparing to pop the question. We ve seen a resurgence in both engagement ring and wedding band sales as couples start returning to normal life, Price Blanchard, chief customer officer and executive vice president at Shane Co., a privately held jeweler with stores in 14 cities, told CNN Business. Nuptials that were long postponed because of COVID-19 are finally taking place, with in-person ceremonies and large receptions filled with family and friends.
Fine jewelers say they saw massive spikes in demand and sales in April and May, following more access to COVID-19 vaccinations throughout the United States.