Evolution of engagement ring prices in 2024

The year 2024 was marked by notable fluctuations in the engagement ring market, influenced by variations in the prices of raw materials such as diamond and gold. This analysis helps to understand how these changes have impacted the overall cost of engagement rings and how consumers can take advantage of it. We will discuss the evolution of diamond and gold prices throughout the year, as well as best practices for buying an engagement ring at a competitive price.

The evolution of diamond prices in 2024

The year 2024 started with relatively stable diamond prices, but a downward trend emerged in the second half of the year. Market experts attribute this decline to several factors: a slowdown in demand in some major global markets, economic tensions, and an increase in available stocks on international diamond exchanges.

Consumers therefore benefited from more competitive prices from mid-year, making the acquisition of engagement rings more accessible. To learn more about the precise evolution of diamond prices in 2024, you can consult our detailed article on diamond prices.

Evolution of gold prices in 2024

The price of gold, another major component of engagement rings, also underwent significant variations in 2024. At the beginning of the year, gold experienced a rise due to global economic uncertainty and favorable monetary policies. However, in the following months, the price of gold experienced fluctuations, influenced by economic announcements from major central banks and the evolution of the US dollar.

The second half of the year was marked by a slight decrease in the price of gold, thus offering interesting opportunities for buyers. For detailed tracking of gold prices and understanding market trends, we recommend consulting the price of gold.

Ways to pay less for your engagement ring

To get a quality engagement ring at a favorable price, it is essential to know some buying strategies. At Celinni, we have the advantage of sourcing directly from international diamond exchanges, thus eliminating intermediaries who increase costs. This approach allows us to offer transparent and competitive prices, while guaranteeing the authenticity and quality of diamonds.

Celinni is one of the few companies in France to offer this level of responsibility and transparency in the engagement ring buying process. By collaborating with a competent professional, member of the diamond exchanges, buyers can be assured of a secure and honest experience. To pay less for your engagement ring, it is also advised to:

• Opt for a diamond slightly below popular sizes (like 0.95 carat instead of 1 carat) to benefit from a significant reduction while maintaining a visually similar appearance.
• Favor less conventional diamond shapes, such as oval or pear, which can be more affordable than round.
• Take advantage of promotional periods or special offers proposed by reputable jewelers.

The year 2024 has brought interesting opportunities for engagement ring buyers, thanks to the drop in diamond prices during the second half of the year and a favorable evolution of gold prices. By choosing a supplier like Celinni, which guarantees purchases without intermediaries and great transparency, consumers can make real savings without compromising on quality. To optimize your purchase, it is wise to call on an experienced professional and take advantage of opportune moments to acquire the ring of your dreams at a competitive price.