Published at Thursday, 26 September 2019. Wedding Ring. By Élisabeth Lamarre.
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.
Other takeaways from the study: a majority of grooms (77 percent) are still proposing on a bended knee, 71 percent seek to attain permission from the lady’s parents, a little more than half (57 percent) of grooms proposed privately – this fact shows a growing number of public proposals – and a growing number of grooms (five percent) are now wearing ”man-gagement rings.” For some, it might seem to be a waste to purchase an expensive wedding ring, but for others they see it quite differently: a symbol of how important that person means to them. Remember, wearing a ring on the fourth finger of your left hand originated from the Romans, who believed the vein from that finger ran to their heart.
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