Published at Thursday, 19 September 2019. Wedding Ring. By Georgette Martel.
The Egyptians were the first recorded civilization to use the wedding ring. In Egyptian hieroglyphics a circle represented eternity. Once a woman accepted the ring she became the ”property” of the person who gave it to her and she was in a sense ”his.” The first wedding ring could have been made of braided grass or hay (which would have been changed often), ivory, bone, or leather. Eventually, metal was used, but the first wedding bands were crude and lumpy. However, the sentiment remained the same-eternal commitment and love.
In many areas of Africa, revolutionary groups have taken over some of the diamond mines using proceeds to finance their illegal operations. These diamonds are referred to as conflict diamonds or blood diamonds. The United Nations instituted a system of controlling diamonds that were taken from these groups by insisting that all of the legal diamonds must be accompanied by a certificate of sale as they moved through the system but the system has not worked well. Today, these blood diamonds total less than 2% of the overall market share.
The retail jewelry business is in a state of flux as the online retailers are making it very hard for the brick and mortar retailers to compete. When the many expenses such as rent, electricity, parking lot maintenance and print advertising as well as staff costs are considered, most of these business owners must be very concerned. The online retailer has the advantage of operating out of a warehouse, doesn’t need a fancy building or a huge parking area to make diamond ring sales. Once the website is set up it is ready to sell 24/7 his marketplace is open worldwide.
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