King of Jewelry: Rising Prices on the Horizon for Diamond Wedding Rings, New Study Suggests

As diamond mining continues to slow worldwide, King of Jewelry is encouraging couples to capitalize on current market conditions before diamond prices climb.

Nov 21, 2013, 17:34 ET from King of Jewelry

LOS ANGELES, Nov. 21, 2013 /PRNewswire/ -- With the cost of diamond rings projected to rise in just a few short years, the celebrated Los Angeles-based diamond merchant King of Jewelry is urging its customers to consider investing in diamond wedding rings while shoppers can still take advantage of a buyer's market. With an inspiring assortment of loose asscher cut diamonds available and on display in its Downtown Los Angeles showroom, there has never been a more opportune time to take advantage of the unbeatable prices at King of Jewelry. If you are planning to surprise your significant other with one of the King's gorgeous round cut, emerald cut or princess cut diamond rings, this top-tier diamond retailer wants to ensure that local lovebirds do not become inhibited by looming rising prices.  

According to a recent investigation conducted by Bain & Company, diamond rings are on their way to becoming much more costly in the next four years. After experiencing a sharp downturn that followed the global financial crisis in 2008, the diamond market has rebounded and seen sustained growth, while changing traditions in China and India has prompted a surge in demand. While the demand for diamonds continues to increase, it is projected that diamond mines will begin to undergo a drop in inventory, as well as a decrease in the number of new mines being developed. By 2019, purchasing a diamond ring may become much more difficult and costly.

Turning this kind of bearish trend around could take years. Presuming the price of diamond rings goes up as anticipated, it will prove challenging for a great many people to afford tying the knot. That is why, for a limited time, King of Jewelry is offering free insured shipping on all items, allowing shoppers to enjoy further savings on cushion cut engagement rings, emerald cut eternity bands, custom designed men's wedding bands and everything in between. Of course, the Los Angeles diamond vendor has long been committed to delivering the highest quality diamond jewelry for unbeatable prices since its doors first opened nearly twenty years ago. No matter the climate, it remains committed to always keeping its items as affordable as possible. With a large selection of engagement rings and complete "his and hers" wedding sets, customers are sure to be blown away by the variety at King of Jewelry.

If you have been considering taking your relationship with your partner to the next level, visit King of Jewelry in the heart of Los Angeles' jewelry mart and enjoy browsing their remarkable collection of timeless diamond rings. As the market for diamonds continues to show signs of instability, there has never been a better time to put commitment into action for your loved one. To speak to a friendly customer service representative, call the King of Jewelry today by dialing toll-free at 888-349-8299, or visit them on the web at today. 

SOURCE King of Jewelry