May 1, 2023

36% of center stones for engagement rings purchased in 2022 were lab-grown

More than a third of engagement rings with a center stone sold last year were made in a lab, according to a survey from the Knot.

On top of that, some jewelers—from legacy houses to upstart brands—are focusing their efforts on man-made stones.

Consumers who took part in the study paid approximately $5,800 on average for their engagement rings last year, versus $6,000 the previous year.

The decrease came as 36% of center stones purchased in 2022 were lab-grown, nearly doubling in popularity in the past two years.

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