"A diamond is forever," according to De Beers, but if a couple spends too much on their engagement ring then their marriage might not be.
A new study in the US has found that the more people spend on their weddings and engagement rings, the more likely they are to
divorce.
Economic professors at Emory University carried out a study on over 3000 US men and women who had been married to a member of the opposite sex.
Professors Andrew M Francis and Hugo M Mialon found that men who spent between $2,000 and $4,000 on engagement rings were 1.3 times more likely to get divorced than men who spent between $500 and $2,000 on a ring.
For women, if a wedding cost over $20,000, they were 3.5 times more likely to divorce than women who spent between $5,000 and $10,000, the study claims.
