The jewelry market is expected to grow from $279 billion in 2018 to $480.5 billion by 2025, almost doubling in seven years. While the average cost of an engagement ring in 2019 was $6,350, many spend more on that for such a significant piece of jewelry. The presence of online jewelry sellers, such as Blue Nile or James Allen, make purchasing expensive jewelry easy, and Jewelry Television (JTV) makes buying less expensive jewelry even easier.
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