"Instead of 2.8M engagements this year, we're expecting 2.4M."— Squawk on the Street (@SquawkStreet) June 8, 2023
Signet Jewelers CEO Gina Drosos tells @SaraEisen, @carlquintanilla and @davidfaber that $SIG expects the lull in engagements to pass by the end of 2023. pic.twitter.com/LPhpEcUy6v
Things I learned from this:
- The typical couple takes 3.25 years to go from meeting to engagement
- The industry is in a lull, caused by the pandemic: just 2.4m couples are expected to get engaged this year (vs. 2.8m last year)
Thinking back, I began dating my wife 3 years and 1 month before we got engaged.