<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1204737666323810&amp;ev=PageView&amp;noscript=1" alt="facebook">
Q Insights

Jewellery insurance info, helpful guides, resources and industry-leading insights.

 

Jewellery Insurance

Key Questions to Ask When Choosing Jewellery Insurance

When selecting jewellery insurance, asking the right questions can help you...

How To Solve Everyday Dilemmas With Jewellery Insurance

Welcome to our guide on navigating everyday jewellery dilemmas with the hel...

Is Watch & Jewellery Theft on the Rise in 2024?

Concerned about the rise in watch and jewellery theft in 2024? A surge in t...

Insurance Information

Luxury Watches

The Surprising Hidden Features of Luxury Watches

Luxury watches are all about style and prestige. But below the surface lies...

The Essential Guide To Longines Watches

For over a century and a half, Longines watches have captivated collectors ...

Professional vs. DIY Watch Repairs: When to Seek Expert Help

Is your luxury watch not working quite the way it should? No need to panic.

Jewellery Trends

The Ultimate Guide To Using an Ultrasonic Jewellery Cleaner

You've built a collection of luxury jewellery that reflects your unique sty...

The Enduring Appeal of Black Gemstone Jewellery

Black gemstone jewellery has an enigmatic allure that captivates the senses...

How To Create Stunning Looks With Pearls

Are you wondering "how do I style pearls?" Step into the world of timeless ...

Subscribe

Keep up to date with the latest jewellery trends, insights and inspiration from Q Report.

Engagement Rings

Should You Buy a Moissanite Engagement Ring?

Gone are the days when engagement rings were a one-size-fits-all affair! To...

20 of the Best Engagement Present Ideas

Planning a gift for an engaged couple can feel like a high-stakes treasure ...

How to Find the Perfect Australian Wedding Photographer

Picture this: the soft morning light filtering through the lace curtains as...

Diamonds

Live Your Life in Colour: Canary Diamond Engagement Rings

Do you know diamonds come in a wide range of colours?

Lab Grown vs Natural Diamonds (What's the Difference?)

When most people think of diamonds, they think of natural diamonds.

The Surprising Science Behind Diamond Cutting

A natural diamond is as rich in history as it is in beauty. From the moment...

General

Proposing at Home: Do’s and Don’ts

According to a 2019 survey of 20,000 newly-engaged couples, 21 percent of p...

Are Diamonds a Good Investment?

Most people don’t consider buying diamonds until it’s time to purchase an e...

Brisbane’s Top 10 Proposal Locations

Your heart’s all a-flutter and it’s hard to sit still. So you’ve decided to...

Helpful Resources

Featured Resource

The Complete Guide to Jewellery Insurance

Access the Guide
Featured Resource

The Ultimate Guide to Luxury Watches

Access the Guide
Featured Resource

Ring Size Guide & Sizer

Download Guide

Jewellery Sales Trend Down, Engagement Rings Up

Q Report Team
Updated on October 06, 2022
2 min read

engagement ring sales have improved despite low jewellery sales overall

From a jewellery insurance perspective at Q Report, we have seen a year that dipped around the time of elections but has more than come back after that. Those who have invested in online marketing and understand the power of referrals in the space of engagement rings have benefited the most.

Those jewellers who understand that customer service doesn’t end once the customer pays, but that this is in fact where it begins, are the ones experiencing the highest growth.

SMH: The trend of people marrying later in life means couples have more money to spend on engagement rings, with average prices tripling over the past two decades.

“There are a lot of well educated people who become committed to their work first and therefore their wages are a lot higher than they used to be,” Ms Cerrone said. “People went from paying $10,000 in the ’90s, and now it’s $40,000 for a diamond engagement ring,” said Ms Cerrone, who has created rings for couples including Jennifer Hawkins and Jake Wall, Ricky and Rianna Ponting and Geoff and Sara Huegill.

The average age at which Australians first tie the knot has increased from 26.5 years for men and 24.3 years for women in 1990 to 29.6 years and 27.9 years respectively in 2010, figures from the Australian Bureau of Statistics show.

Hardy Brothers Jewellers chief executive Stuart Bishop said the growth in the luxury diamond engagement ring market was also driven by customers gravitating towards unique, luxury creations over mass-produced items.

“Jewellers are seeing an increase in diamond engagement rings as consumers are trending towards quality bespoke pieces over generic mass-produced product,” Mr Bishop said.

Click here to read the entire SMH article

Jewellery Insurance Instant Quote

Get an instant quote below. Questions, call us anytime on 1300 882 018

Global-Calculator-Background_resized

Jewellery Insurance Instant Quote

PLEASE CONFIRM YOUR DETAILS AND SELECT THE BEST TIME FOR US TO CALL YOU

BACK TO YOUR QUOTE

SEE WHAT OUR CUSTOMERS SAY ABOUT US

Related Articles

Key Questions to Ask When Choosing Jewel...

When selecting jewellery insurance, asking the right questions can help you...

Should You Buy a Moissanite Engagement R...

Gone are the days when engagement rings were a one-size-fits-all affair! To...

The Surprising Hidden Features of Luxury...

Luxury watches are all about style and prestige. But below the surface lies...

Read what's next

Vector (25)

Engagement Ring Budget Calculator

What you need to save to meet your timeframe and budget is:

This has not taken cut, colour, clarity or carat, your financial situation or your partners taste into account. There are many factors that can reduce or increase the value of an engagement ring.


Not sure where to start?

Speak with one of our Q Certified Jewellers to find out what you can afford, what your partner is looking for and what will financially work best for you.

Find your local jeweller
How much would insurance cost?
Get an instant quote