Diamonds are a girl’s best friend

engagement ring
Whether you are young or young at heart, as Marilyn Monroe sang in her movie of the same name, diamonds are still a girl’s best friend! But sometimes the best comes to those who are willing to wait.

We typically think of diamonds as the gem of choice for a proposal on Valentine’s Day or any other day of the year. But the truth is that many of us were young and poor when we started out together and an expensive ring was not a top priority.

My husband was a graduate student when we got engaged and I had just started practicing law. He consulted with the family jeweler who showed us a selection of rings in his price range. I selected a small sapphire surrounded by tiny diamonds that cost all of $350 and I was absolutely thrilled.

The marriage lasted and twenty-five later I was just as excited when he gave me a beautiful pear-shaped solitaire with four baguettes on each side in a modern setting. And when I asked around, it turns out that several of my friends had a similar experience.

Gerry was also still in school when he and Margaret decided to get married. He could afford a setting but not a stone, so they had a diamond Margaret inherited from her grandmother re-set. After six years Gerry bought her a beautiful ring with three side by side diamonds. Then he really went all out on their 25th purchasing a gorgeous multi-carat diamond that Gerry calls her “lifetime achievement award.”

But my favourite story comes from Renan Levine and his wife Mira Victoria Perry. She too got a “starter” ring initially, but by the time she was pregnant with their third child they  decided it was time for an upgrade.

Each year for the  Berkshire Hathaway shareholders meeting in Omaha, Nebraska, the company-owned Borsheims Fine Jewelry and Gifts store has promotions for those fortunate enough to attend. While one Class A shares of the company was quoted at $224,184.00 on January 23, 2015, a mere $149.70 will buy you one Class B common share. Renan and Mira just happened to be Class B shareholders.

So after doing their research, they decided it was more than worth the price of a plane ticket to Omaha to buy a diamond solitaire ring for approximately 60% of the appraised price. “Not only did I get to close the deal with Warren Buffet himself,” Levine said, “I got a great price and a great story that we will be an enduring part of the family history.”



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