The End of the Engagement Ring

March 23, 2014

As blasé as we have become about so much of our lives, one thing seemed to remain unchanged and that is the excitement of getting engaged and receiving a diamond engagement ring as evidence of your boyfriend’s love for you.

In 1949, Carol Channing introduced the song, Diamonds Are a Girl’s Best Friend, in the Broadway production of Gentlemen Prefer Blondes, and four years later, in 1953, Marilyn Monroe immortalized the song in the movie version of the story. From then on, most girls looked forward to receiving a diamond engagement ring from the man she loved as proof of his love for her.

No matter how many years ago a woman got engaged, she will still remember the time-honored tradition of her boyfriend getting down on bended knee, presenting her with a diamond engagement ring and asking for her hand in marriage. Even if nothing else about their relationship is romantic, the marriage proposal is the one thing that a woman wants to be romantic because it is her story when people ask how she and her husband met and how he proposed.

Times have changed and, caught up in the cyclone of change, is the end of the engagement ring. According to a recent survey, women are opting for using that money toward a down payment on a house and most of them had already done so. In fact, most of them are foregoing a honeymoon in favor of using that money toward their future house.

The vast majority of those in committed relationships in that survey (89 percent), indicated that the process of buying a home together strengthened their bond as a couple.

Call me a skeptic but with the divorce rate so high and real estate prices so low, if the couple decides to get a divorce, they might not be able to sell their home or sell it for what they paid. In that case, the woman is out her initial down payment on the house and she is out a little of her financial security, namely, the value of her diamond engagement ring.

Call me old-fashioned but I still like the idea of a woman getting a diamond engagement ring and saving up for a house with her husband after they marry. By the time they can afford the down payment on a house, they know whether their marriage stands a chance of going the distance.

2 Responses to “The End of the Engagement Ring”

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