Sales of wedding rings are increasing

[Chrystora123]

- Both supply and demand for diamond engagement rings has been on the rise during the pandemic, according to resale companies like luxury consignment site The RealReal.
- Experts say this is because the close-quarters of quarantining has prompted some married couples to call it quits, while pushing others to deepen their commitment.
- According to an analysis conducted by Legal Templates — a company that allows users to create and track legal documents — the number of couples seeking divorce between March to June increased by 34% from the same period in 2019.
- "Quarantine has meant make-or-break for many relationships," said Trish Stevens, The RealReal's director of fine watches and jewelry. "While we're seeing an influx of people purchasing engagement rings, we're also seeing more people consign them."

source: https://www.businessinsider.com/the-luxury-jewelry-resale-market-is-booming-during-the-pandemic-2020-9?r=US&IR=T

drastic changes (economy, health & psychology) occur in almost all countries because of this "PANDEMIC", and of course those who are unable to deal with it will think short.  for those who are married you must believe that this difficulty will end and the economy will recover, don't because of your emotions for a moment you have to divorce and forget about the people who have fought with you and you really love..

My wife and I continue to communicate and we trust each other that this will end, I hope all my friends here are not divorced from their partners during this "PANDEMIC" period. 🍻

[1715234034]

1715234034

[TheUltraElite]

I am more of the opinion that precious gem re-sell value is worse than anything including diamonds. So I dont like buying it for future selling but rather only as a gift even then a very small one if I do. Now I understand the sentiment behind the "matrimony" and all, but honestly I would rather gift Gold over Gems.

In this context, let me remind you all that few more sectors have had massive sales which include the birth control methods - people are at home having nothing to do, sets eyes on their wife and boom

You cant deny the fact that a lot of baby showers are happening in the next few months in several countries of the world. Added to it the low-cost wedding ceremonies due to the pandemic are an impetus to the lower economic strata to get married. 

[oHnK]

If that problem occurs in your country, I would instead see the phenomenon of increasing pregnant women and many marriages that are only done at home or at church with the closest family due to the pandemic and reduced wedding costs.  But it is undeniable that divorce also occurs but the phenomenon of selling wedding rings is not significantly visible.

[dothebeats]

Here in the Philippines I don't see those sales of engagement/wedding rings pretty often, though the problem regarding uncontrolled pregnancies have risen given that this country held the longest lockdowns on earth, with little to almost no effect on the containment or even control of the virus. For those who are tying the knot during the pandemic, I feel as if this is just the situation forcing them to get wed early on in the fear that they might not get that ceremony if this thing worsens. Also, people selling or foregoing wedding rings/engagement rings seem like people are trying to get some money in the bank due to the overall economic conditions being hard on them. It's an interesting trend nonetheless, and goes to show how dynamic the economy really is especially when situations like this one that we are in arises.

[Ayiranorea]

During the pandemic the bonding has got more tight than the past. Same time couples could've known better about each other, because majority of the time will be spend on office and on other things. Now things are entirely opposite, full time both were together, so one will get to know about the real face (character) of each other. There are few divorce,but in my view couples have learned to share their responsibility and daily routine.

[Eureka_07]

My wife and I continue to communicate and we trust each other that this will end, I hope all my friends here are not divorced from their partners during this "PANDEMIC" period. 🍻

I don't get what those married couples are thinking to come up divorcing in the end. This time of pandemic is a real deal, they should have been had much more time with each other, their bonds will get stronger because of that. They probably isn't very compatible, but that does not matter anymore if you already had kids and are married. Just take the responsibility as a partner, and do not ever leave them from such trash reason.

Both supply and demand for diamond engagement rings has been on the rise during the pandemic, according to resale companies like luxury consignment site The RealReal

So what happened to the price? Means that it stayed on it's price since the supply went higher same as the demand? Am I right? I'm confused, but it makes sense that supply will be much higher since there is low demand because we are in times of pandemic where marriage is less.

[bits4books]

Finally some good news. I only hope that such unions will not fall apart in a couple of years simply because "we did not get along". I am very sad to see what the institution of marriage has become and I literally cry as I watch it being destroyed more and more.
I want to believe that this increase in sales is due to the fact that people really realized that one in this life is very difficult and much easier if there is a person nearby who loves you and supports you at all costs.

[coolcoinz]

Luxury goods like jewelry, watches, paintings and other artpieces, are usually the first to be sold when people fall into financial problems. Then they sell all their "toys" like drones, spare computers, gaming consoles, then it's time to change the car for a cheaper model and so on, so forth.
Fortunately I haven't been forced to do any cuts this year. Maybe the pandemic isn't as bad as they're painting it, or maybe I'm immune?

[AjithBtc]

In my country the situation is different. We've got more number of new mothers,many have got pregnant during the lockdown. News source state that there is more than seven million unwanted pregnancy during the lockdown. By the same time more couples who have been without baby for long years too have got pregnant, as they were able to take proper diet and have physical contact. This way I find this to be good in the lockdown than the increased ring sales.

Source : Times of India

[thesmallgod]

Maybe for people that intend getting married has increased and this causes the rise in the demand of the wedding rings. It will be good thing to note that during the lockdown, activities that involve gathering of large number of people are not allowed globally.Which means weddings are not generally taking place. But at this time that the lockdown is being eased in many countries, social gathering are taking place and it is not surprising that the sales of wedding rings will increased but I am sure the annual revenue for this year might not be up to the one of last year due to the effect of the covid19.

[Alert31]

In this context, let me remind you all that few more sectors have had massive sales which include the birth control methods - people are at home having nothing to do, sets eyes on their wife and boom

You cant deny the fact that a lot of baby showers are happening in the next few months in several countries of the world. Added to it the low-cost wedding ceremonies due to the pandemic are an impetus to the lower economic strata to get married. 

What's that? An exchange for all those who died because of pandemic...Well we can say that covid 19 is not just a curse but also a blessing. Curse because it makes peoples live worst and many people died but Blessing for those who will be having a new born baby specially those already count many years but only this time of pandemic they receive such wonderful blessing. It also means that the population of every country will increase again and the economic status of every family is need to lift.

[abhiseshakana]

In my country, the divorce rate has increased sharply, especially in urban areas. Increased tensions in the household during a pandemic, caused by factors of changing dynamics during the pandemic, increased household chores that make couples become stressed.

Initially, before the pandemic, the intensity of communication or meetings between members was small, so the potential for conflict was also smaller. But a pandemic that requires staying at home has increased intensity and increased potential for violence.

The pandemic has an effect on the economic conditions of the people. It is this economic factor that causes the wife or husband to not get or decrease in income, which encourages restrictions on meeting family needs so that it can trigger arguments or violence against either wife or children.

[The Cryptovator]

The topic title is quite interesting, don't know if this is off-topic. I am not sure how this company survey about increasing sales of engagement rings, as far as I can see in my country,  marriage and engagements have been reduced during the pandemic. It's because the government had restrictions regarding gathering many people as one place. So there are problems with the wedding ceremony and that's the reason why marriage and engagement are reduced from my country.

[Renampun]

In my country, the divorce rate has increased sharply, especially in urban areas. Increased tensions in the household during a pandemic, caused by factors of changing dynamics during the pandemic, increased household chores that make couples become stressed.

Initially, before the pandemic, the intensity of communication or meetings between members was small, so the potential for conflict was also smaller. But a pandemic that requires staying at home has increased intensity and increased potential for violence.

The pandemic has an effect on the economic conditions of the people. It is this economic factor that causes the wife or husband to not get or decrease in income, which encourages restrictions on meeting family needs so that it can trigger arguments or violence against either wife or children.

in the household, the economy is the most fatal thing...
my husband and I understand each other's condition, my husband is currently looking for a job because he was stopped from the hotel where he used to work. fortunately, me, my sister and my husband are taking advantage of this time to sell masks online. Communication between partners is important and both parties must remember the promise of life and death during the pronunciation of the wedding vows.

[bitcoinisbest]

Luxury goods like jewelry, watches, paintings and other artpieces, are usually the first to be sold when people fall into financial problems. Then they sell all their "toys" like drones, spare computers, gaming consoles, then it's time to change the car for a cheaper model and so on, so forth.
Fortunately I haven't been forced to do any cuts this year. Maybe the pandemic isn't as bad as they're painting it, or maybe I'm immune?

Truly, also have seen a known person who ended up selling his car because of no job at current time sand another reason was that it was used on only on weekends or when it was needed. But certainly the situation is bad and anything that is not required on immediate basis and can be avoided people are selling it to manage their daily life than be it expensive watches, art piece etc.

[eaLiTy]

My wife and I continue to communicate and we trust each other that this will end, I hope all my friends here are not divorced from their partners during this "PANDEMIC" period. 🍻

It is true that everyone is struggling during this period and the relationships will struggle when you are struggling financially.
 Hope everyone will push through these times and if people are holding jewels and if it is necessary to sell them to take care of your family even if it is a wedding ring there is nothing wrong in it as material things can be purchased later. I am trying to sell one of my property and because of the economic crisis that is holding everyone it is taking a long time finding a buyer.

Personally i would say if someone is divorcing or destroying your peace of mind you when you are struggling it is better to let them go rather than holding onto them.

[The Sceptical Chymist]

- According to an analysis conducted by Legal Templates — a company that allows users to create and track legal documents — the number of couples seeking divorce between March to June increased by 34% from the same period in 2019.

Wow, that's one hell of an increase from year to year.  And I know correlation doesn't mean causation, but I'd be pretty confident in saying that the quarantine, lockdown, and all the other changes people have had to make during the coronavirus outbreak have played a big part in that increase.

Not that I'm a big believer in the strength of marriage in general, mind you.  Most people I know are fairly miserable in their marriage and I've known quite a few couples who've divorced over the years.  My guess is that the COVID-19 thing put spouses into way too much contact with one another, plus they've probably had their kids around all the time--and a situation like that can be extremely stressful.

Maybe the pandemic isn't as bad as they're painting it, or maybe I'm immune?

No, it's pretty bad but perhaps you're the type of person who doesn't usually live beyond his means--and a lot of people do, with credit card debt, high mortgage payments, kids, etc. 

[Twentyonepaylots]

As I expected, now the number of pregnant women is increasing, as part of this we expect more baby deliveries in the next few months and I see this as a very bad situation. Hospitals these days are needed for covid patients and other severe diseases, doctors are indeed needed also. Instead of paying attention to those who are sick, they will be called for an emergency of delivering a baby. Just keep ya' heads up!

[semobo]

The topic title is quite interesting, don't know if this is off-topic. I am not sure how this company survey about increasing sales of engagement rings, as far as I can see in my country,  marriage and engagements have been reduced during the pandemic. It's because the government had restrictions regarding gathering many people as one place. So there are problems with the wedding ceremony and that's the reason why marriage and engagement are reduced from my country.

But lot of people see this as an opportunity to have their marriage at the lockdown since they don't have much expenses like parties,ceremonies and all other things they can save huge amount overall.I can see the pregnant women increased more in this year as a result of lockdown.

[South Park]

I am more of the opinion that precious gem re-sell value is worse than anything including diamonds. So I dont like buying it for future selling but rather only as a gift even then a very small one if I do. Now I understand the sentiment behind the "matrimony" and all, but honestly I would rather gift Gold over Gems.

In this context, let me remind you all that few more sectors have had massive sales which include the birth control methods - people are at home having nothing to do, sets eyes on their wife and boom

You cant deny the fact that a lot of baby showers are happening in the next few months in several countries of the world. Added to it the low-cost wedding ceremonies due to the pandemic are an impetus to the lower economic strata to get married. 

I was going to add this myself, we are probably going to see a spike in the upcoming months when it comes to babies being born, because even if the pandemic is having the effect of increasing the divorces we can say that for the most part those are people that would have divorced anyway and they decided to go ahead due to the fact that two people that did not liked each other now had to live under the same roof almost 24/7, however the pandemic is also having the opposite effect and it is making those couples that loved each other to become even closer as they support each other during these difficult times.