This is the season when many master jewelers and custom jewelry designers are very busy. In fact, between Christmas and Valentine’s Day a number of couples will get engaged, renew their vows, or celebrate an anniversary. For many of these occasions, a special piece of jewelry will help commemorate the event. From custom engagement rings to other pieces of handcrafted jewelry, finding a trusted jewelry store is important.
In addition to finding a store and selecting a piece, many couples and individual buyers take the wise step of purchasing jewelry insurance for their expensive custom wedding bands or other treasured pieces. And while the value of the jewelry is important to keep in mind, it is also important that you consider the history and the tradition of many of the jewelry pieces in this country. Knowing, for instance, the history and the process that goes into the diamonds that so many people purchase can help you understand the value of these fine pieces.
Consider, for instance, that the diamonds that are an essential part of may of the rings, earrings, and necklaces that people buy, may have formed almost 100 miles below the Earth’s surface. The process of mining this resource is both complicated and expensive, contributing to the cost of the product that is included in many popular pieces of jewelry.
The decision to work with a master jeweler is a commitment of both time and money, but many couples decide that this is a worthwhile investment instead of just buying a standard wedding or engagement set. Consider some of these facts and figures about the fine jewelry industry and the impact that these purchases have on the nation’s economy:
- 43% of the jewelry industry?s sales in the U.S. is generated by specialty jewelers.
- The largest diamond ever discovered, the Cullinan diamond, was unearthed in 1905 and weighed 3,106 carats.
- As of spring 2017, an estimated 30 million people had invested in fine jewelry that year.
- The top three markets for luxury jewelry in the world are Europe, China, and the U.S.
- $5 billion of U.S. jewelry sales in the year 2012 consisted of diamond engagement rings.
- $5,598 is the average price for an engagement ring in America.
If this is the season that you are getting engaged, you might make the decision to work with a master jeweler to create a unique design, instead of just buying the same ring that hundreds of others will have.