The days of spending vast sums of money on a quality diamond engagement ring are long gone. Traditionally a man was expected to spend at least two months wages on his prospective fiancée’s engagement ring. The reasons for this were rather unromantic and in the context of modern times, not really applicable. They were the following:
- The fiancé-to-be put himself in good stead with both the lady and her family by demonstrating that he made a concerted effort to save for the ring.
- Saving in such a manner helped convince the lady’s family that he possessed the necessary financial discipline to save for the couple’s future home.
- And lastly, in the event the couple would fall on financial difficultly, there was always something of substantial value that could pawned/hocked for cash.
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