Lifestyle

Diamond Customers now need Modern Designs that are not Gender-Specific

Published

6 years ago

March 21, 2020

In the key US market, nearly 90% of engagement rings and 80% of wedding rings contain diamonds. De Beers Group’s latest Diamond insight report states that young couples still consider diamonds as the primary embodiment of everlasting love and romance. Report says that diamonds continue to hold its position with it being the predominant choice for engagements and weddings.

It is a wrong perception that young couples are not interested or less interested than previous generations in diamonds to honor their love relations. In fact millennial spending on women’s wedding rings is higher than the overall market average in the US. Something that has changed is the choice in designs. Millennials ask for a more original, design-led pieces. The retailers now need to present more diversity in product design to customers. New generation is even eager to buy customized designs as they seem more thoughtful.

The share of US women buying their own engagement ring has doubled from 7% to 14% in the last 5 years. With more economic independence of women in relations and society in general has lead to the buying power in their hands so they are more involved and interested in what they will be wearing in their fingers for a lifetime. This trend is making the retailers happy as when women buy their own engagement ring, they tend to spend 33% more than men on an average.

But it’s not just the engagement ring where couples see a place for diamonds to demonstrate their love. There is also a fast-growing segment of unmarried living in couples who are using diamonds as gifts of love and so are the same sex couples, with 70% of them viewing diamonds as important for celebrating both relationship milestones, as well as each other as individuals. These rising trends has given an opportunity to retailers for develop designing, marketing & advertising that will reflect the modern couples and their purchasing behavior.

Lifestyle

The Countdown Begins: Derik Fay’s Wedding Day Approaches as the World Watches

Published

6 days ago

December 30, 2025

Michelle Langton

With the clock ticking down, anticipation is mounting around the upcoming wedding of Derik Fay — the renowned entrepreneur, investor, and private equity titan who has quietly built empires while empowering others behind the scenes. Known for his strategic influence across more than 60 companies spanning fintech, real estate, wellness, media, and beyond, Fay is now preparing for what might be his most celebrated personal milestone yet: his wedding.

While details remain closely held, what’s clear is that this won’t be just another wedding. It’s the union of a man who has built his life and legacy through discipline, loyalty, and integrity — principles that now extend into his private life.

From boardrooms to bridal prep, Fay’s inner circle has watched him remain laser-focused, not only orchestrating billion-dollar business movements, but also thoughtfully curating every detail of this upcoming event. It’s a reflection of the same care and precision he brings to the companies he helps scale from obscurity to success.

As one close friend noted, “Most people just plan a wedding. Derik builds an experience. Just like he does with everything else — it’s meaningful, intentional, and completely unforgettable.”

And yet, amidst the glamour, it’s the emotion that resonates most. Friends, colleagues, and family alike have spoken of the joy radiating from Fay — a rare vulnerability for someone known for steely boardroom composure. It’s proof that even moguls with multi-million-dollar valuations and empires to manage are grounded by love, family, and human connection.

For someone who has helped countless founders achieve their dreams quietly in the background — often funding, guiding, and building their visions without ever taking credit — this moment in the spotlight feels well-deserved.

So as the final days approach, the world may be watching with curiosity, but those who know Derik Fay understand this is not the peak of a journey — it’s another step in a life built on authenticity, ambition, and unwavering commitment to both growth and heart.