"Rising Popularity of Gemstone and Lab-Grown Diamond Engagement Rings"
Gemstone engagement rings are gaining popularity, with colored gemstones such as sapphires, rubies, and emeralds becoming increasingly sought after. This shift is driven by a desire for more distinctive and personalized pieces, as well as supply challenges and rising prices for natural gemstones. The trend is reflected in both engagement and fashion jewelry, with industry players like Signet Jewelers and Brilliant Earth noting the growing demand for gemstones. Additionally, the increasing interest in gemstones as an investment is evident, with rising wholesale prices and a shift in investor focus towards colored stones as an inflation hedge and growth vehicle.