Good Money After Bad Marriages

[Jewelers, you’re not great.]
Has your once-storybook marriage crumbled, leading to a divorce that devastated both your heart and your finances? Perhaps you’d like to memorialize that by paying to repurpose your engagement ring into a divorce ring.

Deb had the diamond from her engagement ring set at one end of an open circle and added a new sapphire to represent her daughter to the other end. It cost $3,000 (£2,245).

…

Ring resale values tend to be only around 30% of the original price so for many the trend of giving their old jewellery a new life feels a better investment.

If this feels good, more power to you, divorcées. But let’s not pretend this trend is some wise financial decision.

Whenever the word “investment” is used to mean “expensive purchase”, rather than “outlay of money with the expectation or hope of profit”, someone is trying to sell you something you don’t really need.

Link: https://www.bbc.com/news/articles/c3wy56v4ge6o