10 years ago
3
The Diamond Hoax
American males enter adulthood through a peculiar rite of passage - they spend most of their savings on a shiny piece of rock. They could invest the money in assets that will compound over time and someday provide a nest egg. Instead, they trade that money for a diamond ring, which isn’t much of an asset at all.
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http://blog.priceonomics.com
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Tell that to your fiancee.
Maybe you have the wrong fiancee if s/he doesn't see diamonds as a waste?
I meant the average fiancee that's unaware of the industry practices.