The announcement coincided with its full-year results, with growth driven by its jewelry brands.
5 Engagement Ring Trends for 2018
Rose gold with pavé, three-stone rings that mimic Meghan Markle’s, the halo is sticking around, and more.
New York--Rose gold with pavé, three-stone rings that mimic Meghan Markle’s, and more halos are three of the engagement ring trends WP Diamonds is forecasting for 2018.
WP diamonds, the division of White Pine Trading LLC that buys and sells from the public, based its predictions on what consumers were purchasing toward the end of 2017, as well as its own forecasting expertise.
Included among the predictions are insights gleaned from National Jeweler’s 50 Jewelers/50 States series, which ran last year.
How do these five trends compare with what you are selling, or expect to sell, in your store? Tell us in the comments below.
5. A Classic Setting. Though it’s not advisable from a legal standpoint, this setting is widely referred to in the industry as the “Tiffany setting.” It refers to a simple band with a round stone held in place by six prongs and is, according to WP Diamonds, “always on the list.”
A number of retailers interviewed for 50 Jewelers/50 States last year said while halos are still popular, they are seeing an increasing number of customer choosing a simple solitaire.
Christine Osborne, general manager of Christopher’s Fine Jewelry in Des Moines, Iowa, told National Jeweler: “We’ve seen kind of a transition a little bit away from halos toward more simple, clean lines, more solitaire-based (styles), which is kind of interesting. We still have halos, but we’re starting to see less fussy styles grow in popularity.”
4. Yellow Radiant-Cut Diamond with Triangle Side Stones. WP Diamonds said colored diamonds are “gaining some serious momentum” and predicted that a radiant cut with colorless side stone accents will be popular in the year to come.
It’s also possible that colored gemstones could enjoy another bump in popularity in bridal this year. It’s only January and already two fairly high-profile engagements have featured colored stones--Gwyneth Paltrow said yes to a
3. Rose Gold Rings with Micro-Pavé. Micro-pavé has long been a favorite addition to engagement rings, but setting it in rose gold will be a way to make a ring stand out in 2018, WP Diamonds said.
In addition, mixing metals, particularly through a stack of rings that includes the engagement ring and wedding band, is a new trend that WP Diamonds believes is going to be around for a while.
2. Cushion-Cut Diamonds Set in a Halo. WP Diamonds said halos, particularly those framing cushion-cut stones, will continue to be popular in 2018, to the chagrin of some retailers.
Many jewelers interviewed for 50 Jewelers/50 States remarked on the continuing popularity of the style, including Paul Muffuletto of Jackson Jewelers in Flowood, Mississippi, who told National Jeweler, “We still do a lot with halos. We have a wide variety of different ways a customer can do a ring with the halo.”
Dawn Hendricks, owner of Peridot Fine Jewelry in Larchmont, N.Y., said: “Everyone still loves a halo, and I still do.”
Yet, there seems to be a creeping sense of halo exhaustion among others.
When asked about her top-selling engagement ring styles, Rejena Carreras of Carreras Jewelers in Richmond, Virginia said: “The halo continues. Kill me, kill me now. It’s always the halo.”
WP Diamonds President Andrew Brown said while they do see a shift toward a more classic look for engagement rings (see No. 5), many customers still love the halo.
“We expect it to remain popular throughout 2018 and given its ability to make the center stone appear larger, it will rise above the classic solitaire on the list,” he said.
1. Meghan Markle’s Three-Stone Ring. You knew this had to be on the list somewhere.
The news of American actress Meghan Markle’s engagement to Prince Harry was big, both in the jewelry world--where her three-stone ring set in yellow gold was the topic of much conversation--and to the general public, which has a fascination with all things royal despite the fact that the monarchy has no real power anymore.
While WP Diamonds predicts the ring of the future princess will ignite interest for three-stone styles, Brown said they don’t see it doing the same for yellow gold, at least not this year.
“Yellow gold makes up a fraction of the custom rings that we have been making,” he said. “Though it is gaining in popularity in certain regional areas, we do not predict a substantial rise in demand across the board.”
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
The company’s Easton location will remain open.