The GRAZIA Jewellery Awards 2025: The Investment of the Year

In 2025, the surest investment comes set in gold

Forget stocks and bonds. The smartest investment this year comes in a velvet box with a lifetime guarantee: the statement engagement ring. Welcome to engagement season 2025, where bigger is better, bolder is beautiful, and brilliance is back.

Take Taylor Swift, whose engagement to Travis Kelce nearly broke the internet. Her vintage-inspired old mine-cut diamond, set on a gold band and designed with Kindred Lubeck, is a five-carat sparkler rumoured to be worth US$1 million. By contrast, Georgina Rodríguez’s platinum ring takes modern glamour to new heights: a 22–30-carat oval diamond with side stones, valued at around US$5 million.

But size isn’t everything. Dua Lipa’s chunky ring, casually revealed in a December photo dump, exudes her cool-girl edge. Thai star Davika Hoorne chose a refined band with a brilliant-cut diamond that mirrors her glamorous persona. And Selena Gomez’s marquise-cut stone from Benny Blanco’s holiday proposal—estimated at four to six carats—cements the sculptural cut as one of 2025’s defining trends.

This wave of celebrity rings shows that today’s engagement jewels are more than symbols of love. They’re wearable investments, style statements, and future heirlooms. Whether pared-back and modernist or staggering in scale, one thing is certain: in 2025, more is more.