Millennials More Likely to Sell Engagement Rings, Survey Says

Millennials are more willing to sell their engagement rings than baby boomers, according to a survey from second-hand diamond buyer WP Diamonds.

The poll found that 40 percent of millennials would be willing to hock their engagement rings to fund a life-changing decision, such as travel, education, or a home. Baby boomers were a little more reluctant—only 23 percent said were willing to pawn their rings to fund a major purchase, it said.

The survey did not tally Gen Xers.

When asked if they would be willing to sell their engagement ring after or during a divorce, the numbers were basically identical. Sixty-four percent of millennials said they would, as opposed to 61.1 percent of baby boomers.

Millennials were also more willing to upgrade their rings; some 48.2 percent endorsed the concept, versus 32.8 percent of baby boomers.

(Image from Wikipedia)

JCK News Director

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