(Closed) My friend got a 10ct ring!

posted 11 years ago in Rings
Post # 31
Member
368 posts
Helper bee
  • Wedding: October 2012

HOLY CRAP! I wouldn’t feel safe with that ring. I would feel like I was going to get mugged for something.

Post # 32
Member
5323 posts
Bee Keeper
  • Wedding: September 2010

Holy hannah! Okay but if my Fiance came into that amount of money and then spent nearly 1/3 of it on my ring I freaking kill him!!! I mean, to each their own, but wow, that’s not exactly an investment with an annual dividend…

Post # 33
Member
43 posts
Newbee
  • Wedding: October 2010

OMG!! Wow… that is all I can say

Post # 34
Member
371 posts
Helper bee
  • Wedding: July 2012

@egb:

I did get some crude remarks from others, however I like to play it on the light hearted humoristic side.  

We say it as we read it…

Post # 35
Member
246 posts
Helper bee
  • Wedding: June 2011

I think that shows poor fiancial sense. To me, that is a sign of financial troubles to come. If I was the Fiance, I would RUN BABY RUN…

Post # 36
Member
246 posts
Helper bee
  • Wedding: June 2011

I’m sorry to bust people’s bubble but jewelry is NOT an investment, the retail markup is so high… the resale value of this stuff is a fraction of the original cost – even for antiques. Even gold jewelery can’t command its own weight in gold value in most cases.

Post # 37
Member
675 posts
Busy bee

I am sure no one will mug her for it, because people will just assume it’s fake.

Post # 38
Member
3358 posts
Sugar bee
  • Wedding: August 2011

I love me some big flashy jewelry but I would kill my SO if he spent that much of his inheretance on a ring.  I would rather have a house and a nest egg, (and a wedding + honeymoon).  Like some previous posters have mentioned, I would be seriously worried about his financial responsibility and what was to come.

Post # 39
Member
1407 posts
Bumble bee
  • Wedding: June 2010

I’m with those who said they’d want an engagement house, haha! But that will certainly be an amazing piece of heirloom jewelry for their family!

Post # 40
Member
371 posts
Helper bee
  • Wedding: July 2012

@evalague:

I have to disagree the only metal that keeps its value is gold besides plantinum.  When this recession hit  many people began investing in gold and plantinum stocks even though the price to acquire a stock was sky rocketing.

The price for ounce for gold in 2008,2009, and 2010 was $1000 an ounce not sure what it is right now.   However when you sell your jewelry they ripe customers off because they are selling because of financial burdens but the sale/ resale value is high per ounce .

My brother has investments so he is always drilling me about investing in the stock market

 

Post # 41
Member
1260 posts
Bumble bee
  • Wedding: July 2012

“awwww”


@sexisammy4u: I’m sorry but, huh?? :-/

 

(anyone else think this is starting to sound a little iffy…? lol)

Post # 42
Member
2297 posts
Buzzing bee
  • Wedding: October 2009

I had a 2.75 caret ring that I wore for twenty years–but I always felt unsafe wearing it.  I was quite relieved the second time around that NotFroofy and I agreed not to have e-rings at all.  I can’t imagine walking around with one that was 10 carets!

And jewelry is not a good investment.  The theoretical value of it may go up.  However, if you try to sell it, you will likely get no more than 50% of its theoretical value.  So the ring would have to double in value for you even to get your original investment back.

Post # 43
Member
455 posts
Helper bee

i don’t understand people’s reactions here, because, regardless whether it’s a wise financial decision or not, anyone would be happy to be proposed with a 10ct ring! i know i definitely would! and if i felt that i would rather use the $$ to buy a house or something, i could simply sell the ring, buy a smaller engagement ring, and invest the residual in the down payment of a house or whatever investment i think is wise.

regarding getting robbed, robbers don’t decide who to rob base on the diamond size, robbers rob whoever they see as an easy target; a robber can rob someone with a 1ct ring as well as someone with a 10ct ring.

we should be happy for her, because now she has the option of either owning a 10ct ring or owning a house 🙂

Post # 44
Member
501 posts
Busy bee
  • Wedding: November 2013

Well, it’s very sweet that he wanted to get her something so special. I don’t think many guys would come into that much money and immediately think of spending a chunk of it on the best ring he could possibly get his girl. I think most guys would think “Ferrari”, and spend it on themselves.

Diamonds are not a great investment, but maybe he is planning to invest the rest wisely, and if they are not going to struggle financially, why not buy her a honking big beautiful ring? You only live once.  

I hope they have an amazing life together.

Post # 45
Member
2604 posts
Sugar bee
  • Wedding: July 2015

WOW! I’m pretty clumsy and absent-minded, so I would feel very uncomfortable wearing something that expensive knowing my tendency to lose/damage things.

I agree with allihappy, it was a sweet gesture on the guy’s part!

@littlemissmango: I think the “awww” was in response to Sulli301‘s comment above that said she hopes the marriage is as wonderful as the ring.

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