Post # 1
I recently found this article about millenials not purchasing diamonds as much as past generations: http://www.financialpost.com/m/wp/news/retail-marketing/blog.html?b=business.financialpost.com/news/retail-marketing/a-diamond-may-be-forever-but-for-millennials-it-may-also-be-passe
What do you all think? Is it in line with what you are noticing in your day to day lives?
(PS I was going to put this in Rings but thought it might go better in Engagement? Not sure!)
Post # 2
- Wedding: December 2017 - Lake Louise Canada
I’m a millenial and my friend group is definitely still into diamonds. I think it’s really dependent on location, culture, social demographic. I buy myself diamonds to celebrate promotions or raises. My engagement ring is a diamond and I bought a diamond band for Fiance. It would be hard to state anything about millenials as a whole though. It’s such a diverse world!
Post # 3
I definitely hate how the word “millennial” lumps so many people together too! When I was getting engaged (I was 23) my husband and I both didn’t even consider something besides diamond. It was only after purchasing a diamond set that I considered alternative stones. We both do wish we had been more informed about the options before the engagement though! I would say that the people I know are not super into diamonds though–I don’t see them very often at work (one coworker has a raw diamond or raw stone), and my mother in law who is NOT a millennial chose a blue stone (not sure what kind) for her ring. My parents didn’t get a diamond either when they were getting engaged.
Post # 4
Most of my social group falls into upper-middle class, but also progressively minded. I’ve found that many rather spend their money on world travel or buying a house than a $20k diamond ring. I’m not knocking either choice, I’m just speaking from what I see in my part of the world. There’s also a lot of concern around environmental and social impact of diamonds, and mining in general, within my closest social group (we talk about it sometimes).
However, I have a few friends who never finished their education and work part-time jobs to try to make ends meet and they have diamond engagement rings, bought on credit cards. A friend of mine legitimately went into debt to have a diamond ring.
Again, I’m not knocking either choice, just making noticings. I live in NYC, if that makes a difference. But in general, the buying trends point towards millenials spending more on travel, healthy food and things… less on fancy china dishes and whatnot.
To each her own 🙂
Post # 5
I hate the way the “generational id’s” work period. I would never consider my brother or two younger cousins as Millennial, even though they are 6, 7 and 8 years yonger than me. I would have always considered them in Gen Y with me, but as they were all born mid 80’s they are considered Gen X. I do not see them, or really many of their age range even fitting with my 17 year old. And I definitely see him more as a Gen Z.
As far as the article, no self respecting *true* southern woman is going to want anything less than a diamond, no matter what generation. You know the kind, from wealthy old southern families…yeah…those.
Post # 6
I would say that there’s still a stronghold with diamond here in ny. Atleast from my standpoint, anywhere from honkers to small stones. It really ranges with all ages. I think trends for alternative gemstones will become more popular and back in style as we go forward. I don’t mind having one of everything 😉
Post # 7
all of my peer group has dimond engagement rings, BUT i opted for a sapphire (: soo…. *shrug*
Post # 8
- Wedding: April 2017 - City, State
I think it’s hard to paint a whole generational group with the same brush, but I wouldn’t be surprised if millennials were trending away from diamonds.
Now that’s not to say diamonds are not still incredibly popular because they absolutely are, and there are still plenty of, “diamonds or bust” people out there, but just like some people use cupcakes or doughnuts instead of wedding cakes, or wear colored shoes instead of white/ivory ones, some people just want something that’s not traditional and go for something other than the expected diamond engagement ring.
Post # 9
I think the decline in diamonds definitely makes sense considering less people are getting married. We opted for moissanite over diamond bc there were so many other ways we’d prefer to spend $10,000 than on a piece of jewelry. Although I do think diamond is still the norm, I understand the decline.
Post # 10
- Wedding: December 2017 - Lake Louise Canada
yeah the millenials are such a huuuuge group!
Post # 11
I think the issue is that with the birth of Etsy, “millennial” women are seeing so many alternative engagement rings that are beatiful, one of a kind and unique but a fraction of the price of a diamond. I don’t knock anyone who desires to have a diamond ring, but my fi and I opted for a moissinite engagement ring and I couldn’t be happier with the choice.
Post # 12
I read another article recently with similar content. I was 27 when I got engaged 1.5 years ago, and both my husband and I knew before we even started looking at rings that we didn’t want to purchase a diamond. Although we could certainly afford one, spending that much money on ring wasn’t something either one of us wanted to do — we’d rather spend big $$ on other things and add to our savings.
Several others in our social group have also opted for non-diamond stones. Then there are some who felt it was very important to have a large diamond. But I think there’s definitely a trend (back) toward diamond rings not being necessarily being the default when selecting an engagement ring.
Post # 13
I have a diamond, but we opted for a simple solitaire, both because I find it more aesthetically pleasing and because of cost (rather than going overboard with halos and pavé). I like the classic look of a diamond engagement ring. 🙂
Oh, and I hate being lumped in with “Millennials.” 75% of the time when I hear “millennial,” it’s in conjunction with irresponsibility, poor work ethic, social media/technology dependent, etc, and I HATE that I get lumped in with that! 😛
Post # 14
I’m the only one in my social circle that wants/has a non-diamond engagement ring, so I guess diamonds are still very popular with us “millenials”, at least within Singapore and Australia.
Post # 15
Out of my close friend group (we are millennials) only three are married and two are engaged. They all have diamond engagement rings. My engagement ring is sapphire, and my biggest reasons were for ethical/moral reasoning and price. My sister and two of my best friends (none of whom are engaged) all kind of agree with my mindset and want alternative stones.
I think a huge part of this is economy, not necessarily our personalities or anything. Most people that are my cousins ages (they’re mainly 10+ years older than me) started making the same money as I did when they graduated from college! And they also got actual tuition assistance. I, on the other hand, was 16 in 2008 when the economy coached so I’ve never known what not worrying about money feels like.
My point is that it is significantly harder to save up and/or afford to buy a typical diamond engagement ring now than in the past. People are making the same amount of money as they did 10 years ago with twice or three times the debt. The logical conclusion would be to look into alternative engagement rings.