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Diamonds are purported to be without end, however on the subject of weddings, is “without end” coming to a detailed?
Internationally, lovebirds appear to be falling out of affection with conventional diamond engagement rings – and jewellers have felt the sting.
De Beers has reported a drop in gross sales, whereas Signet – the world’s largest jewelry retailer – minimize their revenue forecast for 2023. So, on the subject of popping the query and strolling down the aisle, are cheaper options taking on?
Wedding ceremony blogger Megan Hutchinson informed Seven Sharp that cracks are exhibiting in outdated precedents, with rocky financial situations and traditions being ditched.
“I feel there’s lots of issues on the subject of weddings that folks simply aren’t blindly following anymore,” she mentioned.
“There are lots of traditions that are not related to us, ones which can be very costly and doubtlessly wasteful, and with the price of dwelling, we will not essentially afford completely all the pieces on the subject of planning a marriage.
“Engagement rings is likely to be one of many issues that many {couples} can get monetary savings on.”
Hutchinson mentioned that many {couples} at the moment are leaning extra in the direction of artificial diamonds as a substitute of ones discovered underground — an possibility she mentioned can value about half as a lot.
“I feel it is improbable that persons are being actually considerate about what they do after they’re getting married and even when getting engaged,” she mentioned.
“To be sincere, I feel that if we are able to minimize out a few of the spending, then we are able to in all probability all have happier married lives.”
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