There Is A Link Between Your Engagement Ring Size And Divorce Rates – Here’s What You Need To Know
You’ve heard it all before:
Money can’t buy happiness, size doesn’t matter, my love don’t cost a thing…
So why is it that if the woman says she doesn’t care about getting a big expensive engagement ring her fiance still feels pressure to spend a fortune on the best ring that he can buy? And, why do women still get excited when that box opens and they see a ring that is larger than they were expecting?
One of the main reasons why so many of us are obsessed with large engagement rings may be because of the extravagant celebrity engagement rings that we see all over social media. But if you pay attention to the entertainment industry, you may have noticed that the divorce rate among celebrities is pretty high, even when huge diamond rings are involved.
As your top diamond buyers in Indianapolis, we have seen a lot of engagement rings over the years. Some people sell us their diamonds because they want the extra money to go on a second honeymoon or they received jewelry from an estate sale. But sadly, many people also sell us their diamonds after a divorce.
After years of experience in the diamond industry, we started to notice a correlation between the size of an engagement ring and divorce rates. So, we here at GSA Diamonds decided it was time to look at the statistics and share our knowledge.
Suggested reading: The Secret To Understanding The Value Of Your Diamond To Sell On The Secondary Market
The Facts About The Size Of Your Engagement Ring And Divorce Rates
Multiple studies have found that expensive engagement rings are linked to higher divorce rates.
According to an article written by Taryn Hillin for the Huffington Post;
“Economics professors from Emory University surveyed 3,000 U.S. adults who had been married at some point in their lives and found that participants who spent large sums of money on engagement rings and/or their weddings were more likely to end up divorced.”
The study also revealed that:
- Men who spent between $2,000 -$4,000 on engagement rings were 1.3 times more likely to end up getting divorced than those that spend less than $2,000.
- Women whose engagement rings cost more than $20,000 are 3.5 times more likely to get divorced.
More shocking engagement ring statistics:
- Almost 35% of couples spend less than 3 months doing research to determine what type of ring they want.
- 80% of grooms are paying for the ring in full!
- According to 62.7% of brides, the price of the ring the number one most important feature
- 47% of brides consider the size of the diamond to be the most important feature
- The most expensive engagement ring of all time was given to Elizabeth Taylor by Richard Burton. The ring was supposedly worth at least $8.8 million, and we all know how that turned out.
Now, we are not saying that if you spend a lot on your engagement ring you will definitely get divorced. And, it is not guaranteed that spending less on a ring will result in a long and happy marriage. There are many other factors to consider such as income and the state of the relationship before the wedding.
But, before you go out and spend a fortune, consider the facts. Because the research all seems to point to the same conclusion: The more money you spend on your diamond rings, the more likely you are to end up divorced.
Read the study released by Andre Francis and Hugo Mialon, professors in the Department of Economics at Emory University.
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