Post # 46
Wow, what a beautiful ring!!! I hope your friend loves it!
Maybe I’m too much of a care free type of person, but I don’t wake up thinking about the chances of getting mugged when I’m deciding on what jewelry to wear or purchase (real or costume), so I’d have no problem walking around with that on my finger.
Post # 47
Yeah, I’d agree that if you want to invest money, don’t buy jewellry. It rarely truly increases in value, especially over short periods of time (ie 10-20 years). It’s only really useful in that sense if you have to convert to portable assets to, you know, flee a coup or revolution or something. Bullion is probably worth buying, or unset diamonds of high quality. But stocks and shares are better. The value of jewellry is largely sentimental – it can be kept, and passed down through families. It will always have monetary value, but that’s not really why you buy it.
I was pretty keen for my Fiance to spend a decent amount on my ring (it was between 1 month’s gross and 2 month’s net salary), but I’d be pretty angry if he’d bought me that ring…firstly, it’s a big chunk of the money – it’s not like he came into $5 million or something. Secondly, I’d have wanted to choose it – if more than several year’s salary is getting spent on a ring, I want to be sure I love it! I mean, it’s lovely that he wants to spend that amount on her, but I think I’d like to discuss big financial decisions like that with my Fiance before they happen – like, buy me a £20K ring (that would have been amaaaazing enough!), let me have any wedding dress I want up to another £20K, spend £60-70K on a dream wedding, and use the rest to buy a house outright, buy a share portfolio etc. I’d rather have security.
Post # 48
First of all good for her! Her fiance’ thinks she is worth 1/3 of his inheritance….awww. But honestly, if my fiance’ did that I would kill him. I’d rather he got me a modest ring, bought a house, invested the rest, saved for our kids education, and have some money to be comfortable the rest of our lives. I think doing that shows more commitment than a 10 carat ring I wouldn’t be able to get away with wearing anyway. I mean people would just give me strange looks and be itching to ask me if it was real. Then I’d have to explain the circumstance and entertain the thought of people hitting me up for money….haha!
Post # 49
@Treasure43: I personally wouldn’t want a ring that was that big 2cts would be my ideal. It just screams rob me. I would want my FH to make an investment with that amount of money say put it toward a house.
Post # 50
I totally agree with this Apriljo2011—> I’d be concerned about marrying someone who made a financial decision like this.
Evalague–To me, that is a sign of financial troubles to come.–Exactly. $700K could last for a while, but if he’s spend $200k on a darn piece of JEWELRY, how much is the wedding going to cost? $200K? then he’s got $300K left. With those spending habits, it’ll be gone in 2 yrs.
Post # 51
Its beautiful and I hope she loves it, just not my taste.
Yes, I have to agree with some others, I would kill my DH if ever did something like that. But no worries, he’s pretty smart financially. I truely think this is a red flag but thats me. I would want my .75 ring, my house paid off and to take some time off and travel. Oh and actually invest in something that gives you a return. Jewlery is not an investment in my eyes. Most people don’t get back what they originally paid. Try an IRA, Stocks/Bonds, CD’s, hell retirement. That’s an investment.
Post # 52
@Regina Phalange: Ah I see. You’re probably right. I just thought it was odd seeing as how no one had replied to the thread for almost a week and then there was that one comment seemingly out of nowhere. I do still think the whole thing is (more than) a little fishy though. I won’t go into it but it seems kinda obvious to me.
Post # 53
@littlemissmango: Oh yeah, I hadn’t noticed the time difference between the comments.
Post # 55
What was that quote from Titanic? She would sink straight to the bottom with that piece of jewelry on!
Post # 56
It’s a beautiful ring, no one can argue with that. But honestly if I saw someone wearing that I would assume they were super rich, owned property all over the world (or at least property somewhere) and would be shocked to realize that they are in their early 20’s and had used all of their inheritence to buy a diamond.
I can’t say exactly what I would do if DH had proposed to me with that ring. But I’m pretty sure I’d love it for a week, then demand we downgrade to something smaller and put the rest in the bank. That’s just me!
Post # 57
Ugh…that was a ridiculous waste of $200,000. I hope they don’t frivel the rest of it away, as well.
Sorry, when it comes to money, I just don’t see the point in spending that much on something that you might not even wear every day b/c you’re afraid of getting it stolen. Buy a house … not a ring.
It’s very pretty, though. I hope she is able to wear it every day!!
Post # 58
Well I’m sure it’s absolutely stunning IRL, I wouldn’t want a ring that size – outside of the robbery/mugging worry, it’s just not practical. Ever tried putting on leather gloves with large rings? Depending on the size of the ring, it just won’t happen, then you can’t wear warm gloves in winter 🙁
I agree too, that spending 1/3 of an inheritance on a ring isn’t the smartest thing to do. That was enough money he could have used it to make real money on its own (invest wisely, buy investment properties/rentals, etc.). I mean the 400k leftover is nothing to sneeze at, but in some places that would just buy you a decent house – then you have nothing left over, so IMO to use 1/3 of it on one single ring seems excessive.
Post # 59
@TingTing: DIDO. U took the words right outta my mouth!
Post # 60
Why are some ladies assuming that every girl would be happy to be proposed to with this ring? I wouldn’t. I’s absolutely not my style. I like my jewelry delicate, and my diamonds not yellow. I wouldn’t like the way a beast like this would look on my finger.
Post # 61
Everyone is of course entitled to their own opinions and taste as far as their rings go. I can only speak for myself when i say if that’s what the guy picked for his Fiance then more power to him! I personally think the ring is gorgeous and I wish the couple the best!