81 percent of the Silent generation were married between the age of 23 and 38. This is true for only 44 percent of Millennials.

This data shows the results of a survey detailing the share of millennials among the German population in 2021, broken down by marital status. That year, almost ** percent of millennials aged 26 to 31 years were single, and almost ** percent were married.

Millennials are much more likely than older adults in the United States to support same-sex marriage, with ** percent of Millennial respondents in a 2019 poll expressing a favorable opinion. This compares to ** percent of respondents born in 1945 or earlier, and ** percent of Baby Boomers.

According to a 2020 survey of Millennials in India, **** percent of respondents with a professional higher education or vocational college course background preferred to get married between the ages of 26 and 30 years old. A smaller share of respondents in this cohort, **** percent preferred to get married between the ages of ** and **.

Annual population estimates by marital status or legal marital status, age and sex, Canada, provinces and territories.

According to a 2020 survey of Millennials in India, **** percent of female Millennials preferred an arranged marriage. In comparison, **** percent of male Millennials preferred an arranged marriage.

According to a 2020 survey of members of Generation Z in India, ** percent of respondents reported that they aspired to get married and have children. ** percent of respondents stated they did not want to have children nor get married. The survey found that Gen Z members were less interested in marriage and having children than Millennials.

Just like any other country in the world, Germany has its share of millennials. Broken down by gender, **** percent of German millennials were male and **** percent were female. The total age range is set from 26 to 40 years.

Marital status and children

The majority of millennials across the aforementioned age span, namely ** percent, were single, while almost ** percent were married. Some millennials were also divorced or even widowed. The highest share of millennials had no children aged under ** and only a very small share had ***** or more children under that age. In fact, ** percent of German millennials was living in a one-person household.

Occupation and income

The largest share of millennials was employed in a company full-time. Meanwhile, most had a net income of ***** to ***** euros. Higher salaries were increasingly rare.

According to a 2020 survey of Millennials in India, ** percent of respondents reported that they aspired to get married and have children. ** percent of respondents stated they did not want to have children nor get married.

According to a 2020 survey of Generation Z members in India, approximately ** percent of respondents with a monthly household income of more than ** thousand Indian rupees reported that they preferred a marriage partner from within the same socio-economic class. In comparison, **** percent of Gen Zs with monthly household incomes less than ** thousand Indian rupees reported having that same preference.

According to a 2020 survey of millennials in India, ** percent of respondents with a monthly household income of more than ****** Indian rupees reported that they aspired to get married. In comparison, ** percent of millennials with monthly household incomes less than 10,000 Indian rupees were interested in marriage. The survey showed that those with lower incomes were less willing to get married.

The Europe Engagement Rings Market size will be USD 11,038.27 Million by the end of 2028, growing at a CAGR of 6.65% between 2023 and 2030.

What is Driving Engagement Rings Industry Growth?

Rise in the marriage rates in various countries of Europe

Population across European region on an average is rising due to various factors. The population of Europe was estimated to have increased by approximately 0.4 percent in 2020, reaching an overall total of approximately 747 million people. Growing advances in technology with each coming year has affected humanity in many ways. One of these has been the ability to save lives and create a better medical treatment for all. As the number of people in region is increasing, it directly affects the rate of marriages. Every year more and more couples are tying knots in order to have their family.

The choice of getting married is extremely personal. Most of them gets married due to love and companionship but some do it for children someday, convenience or finances. Due to rising disposable income, spending capacity in marriages has been increased substantially.

Wearing a ring as a visible sign of the wearer’s married status is a tradition. Hence, wearing of wedding rings has become a standardized aspect of the married state. Depending on the culture, a wedding ring is typically worn on the base of the left or right ring finger. However, every culture follows the concept of exchanging rings during wedding as a symbol of commitment.

Market Dynamics of Engagement Rings Market

Key Drivers for Engagement Rings Market

Engagement Rituals' Cultural and Social Significance: Demand is consistently driven by the long-standing custom of exchanging engagement rings, particularly in Western and emerging economies. These purchases, which are frequently motivated by emotions and regarded as significant life events, strengthen the ring's symbolic significance in society. Growing disposable incomes and spending on luxury: Economic expansion and rising disposable income are driving up demand for luxury goods like engagement rings, especially among urban millennials and Gen Z. Nowadays, buyers are prepared to spend money on larger diamonds, bespoke designs, or high-end metals.

Key Restraints for Engagement Rings Market

In mature regions, there is high price sensitivity and market saturation: The market is getting close to saturation in areas like North America and Europe where marriage rates are falling or leveling off. Furthermore, traditional pricing strategies are facing downward pressure due to consumers' growing value consciousness.

Environmental and Ethical Issues with Diamond Mining: Conventional engagement rings are coming under increased scrutiny due to growing awareness of the ethical and environmental consequences of diamond mining. Some consumer segments have become hesitant as a result, particularly younger consumers looking for more environmentally friendly options.

Key Trends for Engagement Rings Market

Increase in Demand for Lab-Grown Diamonds: Lab-grown diamonds are becoming more and more popular as an affordable and environmentally friendly substitute for stones that are mined. They appeal to both budget-conscious and environmentally conscious customers because they provide the same physical and visual qualities at reduced costs. Individualization and Preferences for Custom Designs: Unique, personalized engagement rings that express their individuality and sense of style are becoming more and more popular. Demand for custom-made rings, alternative gemstones like moissanite or sapphires, and unusual ring settings is being driven by this trend. Introduction of Engagement Rings

An engagement ring is a ring worn by someone who is engaged to be married. When a partner proposes marriage or when a marriage proposal is approved, they give their prospective partner an engagement ring. It is a formal agreement to marry in the future.

Numerous couples want to personalize their engagement rings so that they can incorporate personal symbolism. For instance, many engagement rings will have Celtic motifs or engraved inscriptions to better express the couple's connection. Other couples would opt for birthstone engagement rings rather than diamond engagement rings. There are several approaches to capturing the beauty and elegance of an engagement ...

According to a 2020 survey of Millennials and Generation Z members in India, **** percent of Gen Z members preferred a love marriage over an arranged marriage. A slightly smaller share of Millennial respondents, **** percent, preferred a love marriage over an arranged marriage.

According to a 2023 survey conducted in Indonesia, around ** percent of Generation Z respondents believed that the ideal age for marriage is between 25 and 30 years old. Moreover, about ** percent of respondents consider an ideal marriage age to be between 20 and 25 years old.

A survey on the investment trend of Indonesian millennials revealed that **** percent of the married respondents without kids have savings as their investment product, followed by gold with about **** percent. The millennial generation is soon expected to become the financially strongest age group in Indonesia.

The statistic above represents the American adults' view of same-sex marriages among generations. In 2014, 68 percent of Millennials favored same-sex marriages.

The statistic represents the percentage of unmarried childbirths among millennials in the United States between 1997-2011, by education. During this time period, about ** percent of childbirths of U.S. millennials were outside marriage.

The statistic above represents the percentage of Americans that approve of interracial marriage, sorted by generation in 2014. In 2014, 50 percent of the Millennials stated that more people of different races marrying each other is a "good thing for American society".

In 2022, there were about 1.57 million married people between the ages of 55 and 59 years old living in Canada. In that same year, there were about 2,763 married people between the ages of 15 and 19 years old living in Canada.

According to a 2020 survey of millennials in India, 47.9 percent of respondents with a monthly household income of more than 60,000 Indian rupees reported that they preferred a marriage partner from within the same socio-economic class. In comparison, 28.4 percent of millennials with monthly household incomes less than 10,000 Indian rupees reported having that same preference.