According to the articles I am citing below, Americans bought $4.3
billion worth of diamond engagement rings.
From an article in the Diamond Registry published in April 2003:
?Not surprisingly, the all important diamond engagement ring category
continue to hold stead despite the sluggish economy, proving once
again that the diamond engagement ring is a "cultural imperative" that
can withstand economic and geopolitical hardships. 84% or all U.S.
brides acquired a diamond engagement ring in 2002, driving demand 2.5%
higher than in 2001. The current retail value for the U.S. diamond
engagement ring market is now valued at a very healthy $4.3 billion.?
http://www.diamondregistry.com/News/2003/diamond.htm
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From the International Diamond Exchange Magazine
MAY 19TH, 2003, ISSUE NUMBER 157
?The current retail value for the U.S. Diamond Engagement Ring market
is now valued at $4.3 billion.?
IDEX MAGAZINE
http://www.idexonline.com/start.asp
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?The value of the U.S. diamond engagement ring market was $4.3 billion
(Diamond Registry Bulletin, 2003c).?
United States Geological Survey: Mineral Resources Program
http://minerals.er.usgs.gov/minerals/pubs/commodity/gemstones/gemstmyb02.pdf
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Big Diamonds Get Bigger As Brides Age, Compete
By LAUREN LIPTON Special to THE WALL STREET JOURNAL
5/16/2003
?The $27 billion U.S. diamond-jewelry industry -- $4.3 billion of that
is engagement rings -- is taking that sentiment to the bank."
http://www.yehuda.com/newsdetail.asp?story=29
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Beyond the 4 Cs
Julie Tripp - THE OREGONIAN
6/10/2003
?The U.S. retail diamond jewelry business accounts for nearly half of
the $56 billion in worldwide annual sales. Americans bought $4.3
billion worth of diamond engagement rings alone last year.?
Yehuda Diamond Company
http://www.yehuda.com/newsdetail.asp?story=30
Search criteria:
?Diamond engagement ring? +billion
U.S. ?Diamond engagement ring? Americans spend
Diamond engagement ring industry
Diamond engagement ring market +billion
I hope you find this helpful!
Best regards,
Bobbie7 |
