| As the world starts to find its way of out what | | | | rather than their own money. And quite naturally, |
| has turned out be one of the worst economic | | | | it wasn't always that easy to convince parents, |
| downturns of recent times, we are seeing more | | | | typically of a frugal generation, to grant you |
| and more people dusting their crystal balls, and | | | | several thousand bucks to purchase a diamond |
| trying to find out what the future outlook will be | | | | engagement ring; much as you may have wanted |
| like. | | | | the ring. Yet when the people in the age when |
| It is from such a background, then, that someone | | | | people get engaged have their own money to |
| who is affected by the diamond trade in one way | | | | make this kind of a purchase, the dynamics of |
| or another could find himself or herself interested | | | | the story change greatly. |
| in knowing what the future outlook of the global | | | | Of course, there is also the risk of diamond |
| market for diamond engagement-rings is like. Now | | | | engagement-rings experiencing a slump in demand, |
| we won't claim special abilities to foresee the | | | | as people start viewing them as 'old school' and |
| future here. But a keener look at present trends | | | | thence preferring more contemporary metals, |
| is usually quite a good predictor of the future. So | | | | such as platinum. |
| using present day trends, it is quite easy to tell | | | | There is also the risk of diamond engagement |
| what the future probably holds, for the global | | | | rings, as indeed all types of engagement rings, |
| diamond engagement-rings market. | | | | becoming completely irrelevant; as people |
| It is quite easy to foresee a (possible) future rise | | | | increasingly do away with the whole concept of |
| in demand for diamond engagement rings. People | | | | engagement and move straight from courtship to |
| are increasingly showing a readiness to spent | | | | marriage. |
| considerable sums of money on matters | | | | Price-wise, we may see a rise in the price of |
| sentimental. This is unlike the case just a few | | | | diamond engagement rings as the countries |
| decades ago (and to some extent, up to date), | | | | where diamond is mined become more and more |
| where frugality was seen as a good thing. | | | | aware of the value of the resource they have, |
| It also helps matters that people are increasingly | | | | and decide to sell it a premium. As the countries |
| getting into 'big money' when they are still young | | | | where the so-called 'blood diamonds' were being |
| -and when they could still be in need of | | | | mined become more and more stable, we could |
| engagement-rings. The falling into 'big money' for | | | | also see a rise in the price of diamonds (and |
| relatively young people is mainly thanks to | | | | hence diamond engagement rings), as the minerals |
| emergence of new industries, such as the tech | | | | are subjected to more stringent, formal taxation |
| (and tech support) industries; where one need not | | | | regimes. |
| slog for years to eventually make a fortune. And | | | | Like most other market, the market for diamond |
| this is unlike the case just a few decades back, | | | | engagement rings is likely to get completely |
| when people usually had to wait until their late | | | | globalized; as E-commerce breaks geographical |
| forties (when they were well past the ages when | | | | barriers. Vendors who only depend on their |
| engagement rings are usually bought) before they | | | | geographical advantage to make a profit could |
| could get into 'big money.' In those ages, diamond | | | | find themselves in serious trouble. This would be |
| engagement rings were largely the preserve of | | | | the case as more and more people head straight |
| the progeny from well-monied families who could | | | | to the Internet when shopping for the said |
| afford such purchases - with family money, | | | | diamond engagement rings. |