Why an engagement ring is an investment during a pandemic

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Weddings are symbolic of new beginnings. In the midst of a cataclysmic event such as this pandemic, celebrating love between two people and the union of families take on an even deeper meani…

Weddings are symbolic of new beginnings. In the midst of a cataclysmic event such as this pandemic, celebrating love between two people and the union of families take on an even deeper meaning—hope, a fresh start and a promise of renewal.

Not to take the romance out of it, but a diamond engagement ring, especially during a crisis, is a store of value, an object of investment—like fine art, only wearable. For many people of marrying age who are astute with finances, that added value could rationalize a luxurious purchase during difficult times.Tiffany Setting diamond engagement ring in platinum and Tiffany Embrace band ring in platinum with diamondsAt Tiffany & Co.

Each ring comes in its signature Tiffany Blue box, the sight of which is said to make a woman’s heart beat 20 times faster. In one interview, Tiffany CEO Alessandro Bogliolo said that millennials, the core market of its wedding jewelry today, have a different approach to buying diamonds than the generations before them who fell in love, bought a ring and got married.

This assures its customers that every diamond sold at Tiffany is guaranteed conflict-free, or not mined in a war zone or not sold to finance a war.

 

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