Jewelry Industry News/ November 23, 2009/

Report: Bridal market to reach $9.2 billion by 2013

Tucson, Ariz.—A new report by a market research Web site for the wedding industry shows that engagement and wedding ring sales are slated to increase 13.4 percent over the next five years.

According to TheWeddingReport.com, engagement ring spending will total $6.1 billion in the United States in 2008, with another $2 billion in spending on wedding rings for brides and grooms.

This $8.1 billion bridal market will increase to $9.2 billion by 2013, a growth of 13.4 percent over five years.

The vast majority of both engagement and wedding rings will contain diamonds, and more than two-thirds will be white gold.

The report also sheds some light on the habits of those popping the question.

According to the report, December is the most popular month for engagements, and Saturday is the most popular day for popping the question.

Couples typically begin their bridal ring research more than six months before their wedding, with style and cost the top two factors influencing their purchasing decision.

Read more about the bridal market 9.2 billion dollar forecast…

Novell

Novell Design Studio has prided itself on continually bringing innovation to the bridal jewelry industry. The company currently specializes in customizing its designs to suit individuals’ particular needs, tastes and diverse lifestyles. Since no consumer should just have to settle for what is on the shelf, Novell can specially manufacture almost all of their wedding band styles in many variations – wider, narrower, in different metals (platinum, palladium or gold), with different finishes, and much more. Novell wedding bands and engagement rings are sold at over 1,000 authorized retailers nationwide. Visit www.novelldesignstudio.com to find the authorized retailer in your area.