A lot of women still believe that the best engagement present is the diamond ring that her fiancé places on her left hand ring finger as a symbol of her belonging to him and their commitment to one another. Although there are many women who want to be different, they tell their boyfriends that they would prefer other precious stones, the engagement ring will still have diamonds in it, even if it is not the biggest rock in the setting.
The diamond engagement ring began as a marketing technique used by De Beers in the early 1900’s when they realized that their diamond sales were dropping rapidly. The belief that your fiancés ability to provide for you and your future family is directly linked to the size of the diamond engagement ring he presents to you is a hoax which was originally part of the marketing campaign used by De Beers.
Diamonds lose their value by more than 50% the minute your fiancé walks out of the jeweler with the ring in the little velvet box! The diamond has no intrinsic value, in fact a diamond depreciates in value between 100 and 200 percent as the mark up on a diamond is within these ranges, and this is the reason why jewelers do not buy back diamonds.
It is true that your diamond engagement ring is a beautiful piece of jewelry and has lots of sentimental value; neither of these facts will get you a higher price when you want to sell the ring. Knowing that your boyfriend or fiancé truly loves you and wants to spend those hard earned dollars on a huge diamond is enough for most women, so convince your boyfriend that you would rather spend the money on a memorable honeymoon and settle for an engagement ring that you truly love instead of the huge diamond.
To read the full article on the value of diamonds click here
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