The resale market for diamond engagement rings is booming, as the pandemic causes divorce rates to spike and has become a ‘make-or-break’ moment for couples

The resale market for diamond engagement rings is booming, as the pandemic causes divorce rates to spike and has become a ‘make-or-break’ moment for couples

Both supply and demand for diamond engagement rings has been on the rise during the pandemic, according to resale companies like luxury consignment site The RealReal.

Experts say this is because the close-quarters of quarantining has prompted some married couples to call it quits, while pushing others to deepen their commitment.

According to an analysis conducted by Legal Templates “” a company that allows users to create and track legal documents “” the number of couples seeking divorce between March to June increased by 34% from the same period in 2019.

"Quarantine has meant make-or-break for many relationships," said Trish Stevens, The RealReal's director of fine watches and jewelry. "While we're seeing an influx of people purchasing engagement rings, we're also seeing more people consign them."

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