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Wow, I guess the saying is true: a fool and his money are soon parted. Why would anyone need such an expensive ring that depreciates as fast as a new car just driven off the lot?
Actually diamond rings typically DO NOT depreciate and usually hold their appraised value or even appreciate over time. So nothing like buying a vehicle as you referenced.
Yeah .....as soon as she told me what ruing to buy I would dump the gold digger.
My wife’s wedding ring cost me $400. $150 was to mount her grandmothers diamond in the center. Our whole wedding was I think 1700 bucks. Been married for 23 years together for 25. Neither of us really wanted to spend a lot of money on a wedding. We made a pact to be financially debt free. That was our wedding present.
Sorry there is no vagina in the world worth that kind of money.
I bought a $700 ring for my husband and a $700 ring for myself. We got married in a court house for $60. We'd rather save our money to jumpstart our business. We have a pact. We will have an extravagant wedding when we've made our first million. LOL
When I was a teenager my ex-boyfriend at the time attempted to propose to me. He was a sweet guy but when I got a hint after his mother dragged me to a wedding dress store I had to break it to him that I wasn't interested in that way and decided to go back to a purely friend level. He agreed at first, but a month later he whipped out a monster ring his mother paid for hoping to get me back. I was shocked and told him that it didn't matter how bog the ring was or how much money his family spent on me or the affluent life I would "get" to live if I married him....I simply didn't feel like I could consider him a husband or love him the way he was saying he loved me at the time. His mother also hounded me, promising me trips to Europe and attempting to drop off presents; finally I told them both I would have a restraining order if they didn't stop coming to my parents house and they moved on to some other poor girl.
It was weird for me as a teenager and looking back I realize that both were trying to win me back by bribing me with a ring. Today that same boyfriend has found himself buying 3 massive rings for 3 separate girls, all of them bought for well over $10k at least, and all now belonging to women who are with men other then my ex. Meanwhile my husband proposed to me with a $600 casino voucher in the middle of MGM Grand in Vegas. We used the cash to pay for the wedding license when we got home, take close family to a nice dinner to celebrate, and then used the leftovers to repair our car so we could explore Oregon for our honeymoon. I wouldn't trade those memories for a dozen diamond rings or even a "real" wedding, I love a husband who loves me back and we get to obsess over that rather what size ring I got out of the relationship.
No man should need to pay more then a couple hundred for a ring, and even that's ridiculous to me because the ring really means nothing. Jewelry is jewelry and nowadays everyone has some kind which ruins the significant of what made wedding rings special in the first place. The idea was that women didn't have as much jewelry, especially unmarried middle class women in the past. You got your first significant piece of jewelry on your wedding day back then and it was a bit of investment as it usually was the first major purchase a man would make to start his family. Even then, diamond rings have always simply been a marketing ploy and only popular for about 90-100 years in America history; other gems are just as if not more expensive/investment worthy but because they don't have a single company monopolizing them and their marketing they don't get the buzz.
In my experience if ring matters then the marriage never did. My ex learned (or rather failed to learn) and a whole lot of other people will do the same simply because they don't understand you can't pay your way into a persons heart...if they love money, independence, another person, education or whatever over you they'll find a way to make that what you're all about until they can't fool themselves anymore and moves on.
This is awesome. In my opinion, engagements and weddings should be low-cost with an emphasis on "priceless memories" like you mentioned on the honeymoon. When I worked in Texas six years ago, there was a story floating around San Antonio about a woman who spent over 100k on a wedding. She then got divorced within a few years. https://www.cosmopolitan.com/lifesty...nsive-wedding/ https://stomp.straitstimes.com/singa...e-spent-110000
Supposedly, the "rule of thumb" for an engagement ring is two months salary for the guy. In my case, that would be in the excess of thousands. Why not just put that money on a down payment for a house? Isn't a low-cost engagement ring with money on a house or car or honeymoon more pragmatic?
I would think so. I definitely would not want to spend two-months salary on a wedding ring.
I studied a huge amount of chemistry and materials science engineering. I understand the molecular and macroscopic formations of engineering materials like composites, polymers, alloys, etc. I have had to look at their properties, structural strength, AutoCAD models, thermodynamics, etc. The point is that diamond is just a pure form of carbon with unusual physical, chemical, thermodynamic, and conductive properties. It is an extremely "tough" material. But I don't get why $100,000 should be spent on it for a simple display of a small amount. Diamond - Molecule of the Month
In general, marriage has a lot of issues if applying principles of risk management. The mean time between failure is 7 years. The divorce rate is generally about 50%. Infidelity rates are about the same. The odds of a marriage not leading to a divorce and not leading to infidelity are about 25% to 35%. Even if those odds are somehow met, the marriage itself is usually not perfect. Marriages generally have low points and periods when the couple almost wants to call it quits even if there was no infidelity (e.g. losing a job, parenthood conflicts, inlaws, etc).
Given the high risk of failure, it would seem most efficient to spend a small amount on the wedding and engagement ring. And expect the analogy to be like going undefeated in SEC college football or running the Leadville 100 miles run at 10,000+ feet under 26 hours - the majority aren't able to do it. And those who can barely make it. It seems like marriage is like that. Divorce and infidelity are the "norm".
That extraneous info--who contributed what throughout the relationship, the fact that SHE wanted a bigger ring, the dogs--has nothing to do with what is actually a simple case, determined by venue. In most states, it's not a "gift."
If the law in their state views an engagement ring to be given conditionally, with the consideration being that a marriage takes place, the giver gets the ring back regardless of who broke the engagement.
Wow, I guess the saying is true: a fool and his money are soon parted. Why would anyone need such an expensive ring that depreciates as fast as a new car just driven off the lot?
1) Money can't buy you love
2) He overpaid for a chunk of carbon
3) Unless he has a contract stating it's his to return upon breakup, he's out of luck
Last edited by WiseManOnceSaid; 09-29-2018 at 08:26 AM..
A new study found that couples who spend less on their wedding tend to have longer-lasting marriages than those who splurge. The study, by two economics professors at Emory University, found a similar correlation between less-expensive engagement rings and lower divorce rates.
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Specifically, the study found that women whose wedding cost more than $20,000 divorced at a rate roughly 1.6 times higher than women whose wedding cost between $5,000 and $10,000. And couples who spent $1,000 or less on their big day had a lower than average rate of divorce.
Most of you clearly know very little about diamonds.
Diamonds DO appreciate... simply as a matter of inflation, they will appreciate. My mother's wedding ring cost about $1000 back in the 70's, now it's worth about $13000, that's about double the rate of inflation alone. My own wife's ring was about $12k 10 years ago, now it's appraised at almost $25k.
Sounds to me this woman is just bitter. The agreement for her to finish her dissertation and then move out and give the ring back that she apparently backed out of even though he was paying the rent and bills during this time... any jury is going to award the plaintiff the ring, and since her own father was part of that agreement, I don't see how she's got a chance of winning.
Incorrect. Diamonds are very overrated thanks to DeBeers ingenious marketing strategies. I would rather have a pencil than a diamond. It is a way more useful, cheaper form of carbon, IMO. Appraisals are very inflated estimates of the value of diamonds.
Incorrect. Diamonds are very overrated thanks to DeBeers ingenious marketing strategies. I would rather have a pencil than a diamond. It is a way more useful, cheaper form of carbon, IMO. Appraisals are very inflated estimates of the value of diamonds.
Yes, diamonds value are over rated but they still appreciate in value. The gold band the diamond is on will appreciate in value, also.
Yeah they appreciate on paper. Now try selling it. You’ll never see those amounts.
Exactly. Also, somewhat surprisingly, diamonds can chip over time. I had my mothers engagement ring appraised, and was told it was only worth the gold the gems were set in. All the stones (including a few small ones on each side of the main one) had chips in them. The jeweler wouldn't even take the ring. That wouldn't be an issue in the OP's case, though.
Yes, diamonds value are over rated but they still appreciate in value. The gold band the diamond is on will appreciate in value, also.
What "you" would rather own isn't even relevant.
Gold as far as I know is weighed and they pay you that way
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