England were beaten 29-14 by the hosts in the New Zealand Sevens in Wellington, with the All Blacks drawing level with their beaten opponents in the overall HSBC Sevens World Series.
Declan O'Donnell scored a hat-trick of tries for New Zealand at the Westpac Stadium to take his total for the tournament to 10.
Tomasi Cama and Toby Arnold were the other tryscorers for New Zealand, who join England on 64 points in the overall standings.
England's two tries came right at the beginning and the end of the match, with Isoa Damu opening the scoring and Simon Hunt grabbing a late consolation.
England had progressed to the final with a 14-7 win over Argentina in the quarter-finals and then edged past Samoa 7-5 in the semis.
Wales were beaten 26-5 by New Zealand in the quarter-finals and then lost 22-5 to South Africa in the semi-finals of the plate competition.