Money Worries Will 'not Delay Diamond Ring Purchases'

Published on 08/09/08

The credit crunch will not delay the purchases of diamond engagement rings, it has been stated.

A survey carried out by GemEx Systems shows 85 per cent of men asked would not put buying platinum or gold diamond rings on hold, reports Market Watch.

The research also claims 60 per cent of women asked stated between one and three months' wages should be spent on an engagement ring.

Participants in the study admitted the brightness of a diamond is more important to them than how many carats a stone is.

Randy Wagner, chief executive officer for the researchers, told the source: "We've all heard about the 4Cs, but it's really the diamond's interplay with light; the way it dazzles and sparkles, that consumers value most."

Meanwhile, in other news which may interest owners of platinum or gold diamond rings, Peaches Geldof is reported to be refusing to wear her wedding ring, as it is not big enough.