Engagement Ring, Wedding & Saving House Deposit?

[ironman]

Your wife must have very fat hands to carry such a heavy stone off comfortably

I'm not married

 

[R.O.S.S.I]

*You're

But you are right, the average person is not going to spend £20k on a ring, especially if that's considered a good deposit for a house, presuming you are putting down 30% deposit, the house isn't exactly going to be a nice one.

It is interesting though, the average person might well be happy spending £25k on a new car which will depreciate by at least £10k in 3 years, whereas a £10k diamond will hold its value. It's just the perspective you place on such things.

lol give it a rest you weapon.

 

[Russinating]

*You're

But you are right, the average person is not going to spend £20k on a ring, especially if that's considered a good deposit for a house, presuming you are putting down 30% deposit, the house isn't exactly going to be a nice one.

It is interesting though, the average person might well be happy spending £25k on a new car which will depreciate by at least £10k in 3 years, whereas a £10k diamond will hold its value. It's just the perspective you place on such things.

You're paying for the function of a car and its ability to allow you to both generate income (commuting) and live a better life (travel, visit family, etc). You're not buying it as an investment. A diamond does nothing other than have value - it provides no use or function.

 

[johnny6]

*You're

But you are right, the average person is not going to spend £20k on a ring, especially if that's considered a good deposit for a house, presuming you are putting down 30% deposit, the house isn't exactly going to be a nice one.

It is interesting though, the average person might well be happy spending £25k on a new car which will depreciate by at least £10k in 3 years, whereas a £10k diamond will hold its value. It's just the perspective you place on such things.

Once you've purchase a diamond ring for your wife to be who I assume you are going to be with until death do you part, it's highly likely you'll never release the capital invested into it by selling it. So in effect it might as well depreciate to zero. At least with a car or even a house they provide a fundimental function.

 

[oulton]

I'm not married

Willy waving about the cost, without having even bought one. Hahahaha!

Originally Posted by zegna View Post
LOL! As I've said, you don't know my family. This is a huge deal socially, so a big event is needed.

I guess lots of you aren't from London, so its difficult to comprehend. But its not hard at all to spend 400k on a wedding in this city.

We're talking pounds here mate, not rupees

I've been to the kind of wedding you puport to, was helping set it up. At the local lesiure centre. Men in one room, women in another, and the place stunk of curry for weeks!

 

[ironman]

Once you've purchase a diamond ring for your wife to be who I assume you are going to be with until death do you part, it's highly likely you'll never release the capital invested into it by selling it. So in effect it might as well depreciate to zero. At least with a car or even a house they provide a fundimental function.

That's not the point, like any jewellery, it's usually bought and passed onto the next generation. Same with why a lot of families have gold jewellery, it has value which can be realised should it need to be. Fairly sentimental and traditional but I guess not all cultures think this way.

Willy waving about the cost, without having even bought one. Hahahaha!

It's a discussion and an offering of opinions, nothing about willy waving