The Re-Sale Market for Diamond Engagement Rings is Booming, as the Pandemic Causes Divorce Rates to Spike

The Re-Sale Market for Diamond Engagement Rings is Booming, as the Pandemic Causes Divorce Rates to Spike

Looks like people are not benefitting from marriage during the Pandemic, as (Link): marriage-worshipping Bradford Wilcox likes to argue.

(Link): The Re-Sale Market for Diamond Engagement Rings is Booming, as the Pandemic Causes Divorce Rates to Spike

by B. Biron, Sept 18, 2020

Supply and demand for engagement rings has been on the rise at luxury resale sites like The RealReal and online auction marketplaces like Worthy — a consumer-to-business service that connects high-end sellers to wholesale buyers.

According to data provided to Business Insider by The RealReal, engagement ring consignments rose by 47% in May and June compared to the prior two months, as the pandemic put couples to the test — prompting some to call it quits while others tied the knot. 

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