Sales of wedding rings are increasing

[suchmoon]

- 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.

I don't think this actually means that there are so many more divorces. That's like saying grocery sales are up so people must be eating that much more. But maybe that's because restaurants are closed. Or people can't (or don't want to) go see a lawyer so they use an online template site.

[jaysabi]

What's interesting about diamonds is that their status as "precious gems" is wholly concocted by the De Beers company and completely arbitrary.  Diamonds are not particularly rare and should not be particularly valuable, but they are considered so because of one of the most successful advertising campaigns in history where De Beers planted the seed in the public consciousness that all engagement rings should have a diamond in them, and that the diamonds should be expensive as a measure of love and commitment to the marriage.  De Beers controls 75-80% of the supply of diamonds worldwide, so they keep the supply scarce enough to be able to control the price, even though there is more than enough supply to send the prices through the floor.  Diamonds are a scam, but the public has bought into it, so they're "valuable."

[TheUltraElite]

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.

We should not say that the new life is a replacement for the life lost, but yes this is a symbol of what the resilience of humans beings mean as a species. Everything that may attempt to reduce the population will be countered by a method to normalize the population again and humans prevail.

So lets not forget the lives lost and respect them by keeping hope and giving birth to more

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

The OBGY and Paeds departments are going to have a massive added load apart from the general load that they face in normal conditions. Lets just hope that the newborn and their mothers get the proper care they deserve.

After all many people have lost job and are cutting it close to being bankrupt, for them it is a time of despair. So this case does not apply to everyone.

[rodskee]

- 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. 🍻

i dont think the Divorce is the answer for those who are buying diamonds and gold,what i am thinking that those who are
buying for engagement and wedding rings are those rich people that find time to marry or set their marriage because of lock down,they realize
how they need each other so they need to get married the sooner.
and why will be there is a divorce when we need each other now in this fight.for us,our family and for the country.

[YOSHIE]

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 want to laugh big when reading your topic, this is the first time I see a topic talking about divorce & marriage.

Ha.ha.ha.ha.

OP, that's the challenge of life, faith, hard work and responsibility if someone is married, there are many roads to Rome, that's a saying, There is no need to take the road of divorce.

pandemic, from one side, destroys the entire world economy, but don't give up on earning a living for your family, you can do business online for now, if the pandemic still hits every region.

Many people today do business online, restaurants, supermarkets, drinks, food, pizza and many others.
It's the best business currently to boost the economy during the pandemic.

[ArIMy11]

I am not that aware about the increase of price of wedding rings. What I have heard is the increase of women that gets pregnant in a young or right age due to quarantine. Here on my country, even actresses gets pregnant which they called "quarantine baby". Well maybe one reason why wedding rings price increases is because of the unexpected pregnancy and the parents wants then to get married for the sake of the child. I am not sure about it but for the consevative parents, they will require the couple to get married even though it is just a civil wedding.

[inoes]

In a pandemic condition, the economy is indeed difficult, so to make ends meet, more sacrifices are needed. Besides sacrificing property (wedding ring = asset), many are not strong and choose to separate. it is a shame because it is precisely in these difficult conditions that their loyalty is being tested. on the contrary, there are many parties who actually take advantage of this situation to get married with the aim of saving costs

[pixie85]

In a pandemic condition, the economy is indeed difficult, so to make ends meet, more sacrifices are needed. Besides sacrificing property (wedding ring = asset), many are not strong and choose to separate. it is a shame because it is precisely in these difficult conditions that their loyalty is being tested. on the contrary, there are many parties who actually take advantage of this situation to get married with the aim of saving costs

Getting divorced because you're in a bad financial state is a bad idea and a dumb way of handling the situation.

As a couple you have much greater chance of saving money or getting a good loan, while a divorce will only mean additional expenses and money lost trying to split everything and sell unsplitable properties.

[Axelseseclevz]

In a pandemic condition, the economy is indeed difficult, so to make ends meet, more sacrifices are needed. Besides sacrificing property (wedding ring = asset), many are not strong and choose to separate. it is a shame because it is precisely in these difficult conditions that their loyalty is being tested. on the contrary, there are many parties who actually take advantage of this situation to get married with the aim of saving costs

Indeed, applying for divorce is so expensive that's why a couple must  have a strong bond with each other. They must overcome all the trials on their life specially in hard time like this pandemic. Getting married is better than divorce this time of pandemic ,so others take advantage of marriage because less expenses and hassle for wedding preparation.

[MiningBattalion]

- 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. 🍻

I had same doubt dude.Now many people below poverty line, had stuggling to get food and economy of many country get into negative.But some people doing this wedding drama,I think they thought the world end soon
People should think about the growth of their life .

[carter34]

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 got my body all laughing. I think birth giving should be what covid-19 effect should be having than having issues in marriage and divorce is the height of it. Ring buying should really be for new weds lik

[Reid]

I thought sales of condoms are higher now than rings.
Then, next to that are baby items since they will be preparing for that.
Finally, pregnancy test kits.

How many new parents will name their babies near corona virus abbreviation?
Maybe Cody to remind them they made it during the pandemic.
Just don't name them Nineteen or they will be like the androids. (DBZ)

[bitgolden]

Do you think there is any people who got so much in financial problem that they had to sell their wedding rings? That wasn't a point that was talked, mainly people who realized they spent so much time together that they either want to divorce or get married and I understand that part, which is probably the biggest part, those two covers wedding ring deals 99% probably.

However I do wonder if this pandemic situation caused a lot of people to be in so much financial distress that they may have sold their rings to live another month or two, after all if you did had money when you got married, you probably bought wedding rings totaling 2 month salary or so, and when you end up selling them it probably reached to 2 months of surviving as well and that may have helped in with this as well.

[AmoreJaz]

I am not that aware about the increase of price of wedding rings. What I have heard is the increase of women that gets pregnant in a young or right age due to quarantine. Here on my country, even actresses gets pregnant which they called "quarantine baby". Well maybe one reason why wedding rings price increases is because of the unexpected pregnancy and the parents wants then to get married for the sake of the child. I am not sure about it but for the consevative parents, they will require the couple to get married even though it is just a civil wedding.

lol that is the obvious situation that we are having right now. ive seen a lot of posts that this person and that person is about x months pregnant, expecting their baby this x month. but the sales of wedding rings? i havent read about. only when the OP posted this topic and where he got this article.
 i guess this is not true when you are talking about global issue brought about by pandemic. maybe that study is not really a conclusive one. we cant tell that yet.

[SquallLeonhart]

I really did not see this coming at all, it really does sound like a weird number. I would assume it would actually go down, thinking that since it is summer so the most wedding season normally but we had pandemic so people had hard time, which means people should have not gotten married because of pandemic during the season they get married most, which means it should have gone down compared to previous years.

I haven't thought about people who got stuck together and got bored of each other and constantly fought and eventually decided to divorce each other, that also makes a lot of sense, that part of the discussion was not something I thought about. I have been with my wife for all this time and it actually really helped us instead, I really missed her and it helped me spend more time with her.

[Kong Hey Pakboy]

I also see that many couples got married this year of 2020 because they have strengthened their family ties during community quarantine lockdown. They have made a good healthy relationship and not thinking of any regrets to get married. So it might be true that buying wedding rings are increasing in the middle of the pandemic of COVID-19 because this pandemic has helped us to make a strong bond and to develop healthy communication with our family

[TheUltraElite]

You got my body all laughing. I think birth giving should be what covid-19 effect should be having than having issues in marriage and divorce is the height of it. Ring buying should really be for new weds lik

Lets be honest here, when a newly wed buys a ring its more the aesthetic purpose and just a symbol of their marriage. Now it might a carry lot of emotional sentiment so its not bad thing to do. But if you are one who understand the economy like most people who have been through the 20years of married life, you know that the re-sell value of that stone is useless, in case of dire needs.

Gold on the other hand would still have a re-sell value, precious gems are not that that in terms of re-sell, not just diamond but any of them. If someone would ask for opinion regarding the same, I would tell them buy a stone-less jewellery probably made of gold.

But honestly the baby shower is coming soon and I hope you all are ready to be woken up in the morning by the newborns cries in the neighborhood.

[CryptopreneurBrainboss]

The topic title is quite interesting, don't know if this is off-topic.

It does, the topic fits perfectly in the board, it has economy written all over it because it talks about how the increase of sells of wedding rings bring revenue to the company which obviously pays tax to the government. I believe this survey was made using just the US states/community because it seems to be different in other countries from both want I have observed from others comment and what is happening in my region too.

Nigerians love very loud and big weddings and since that can be the case as a result of the orders from the government in a reduction of individuals that can be seen in a gathering be it church, barials or weddings, I believe many would either call off their wedding or postpone to a more convenient time when everything seems to be working again.

The western world are already known for their low key style of celebration with just their close friends and family members so to them it just a norm.

[Leviathan.007]

I'm just surprised to see such news. Because, during the crisis we are facing to, many people are suffering economic problems and considering the money they need to start a new life with their partner, if they have really economic issues like many other people in the world they can't be ready for a weeding. At least, my own country many young people are ready for a weeding but due to the pandemic they will hold on and delay their weeding ceremony.

[imstillthebest]

though this has to do with silver and gold productions vs cryptos but you relate this with covid or pandemic .

peoples relationship are stronger because they spend more time with thier other half but this does mean this leads to marriage if they arent yet but others lead to divorce and breakup  due to loose of faith . how can they continue together if no job or financial to support thier family .