I am not sure what is going on at the moment but everyone wants to buy a designer watch or diamonds (eg engagement ring) but put these on finance with the current climate at the moment this does not always get paid back and than you get a debt collection agency knocking at your door.
This has recently happened to my friend who bought his now fiancé an engagement ring and could not afford the re payments and one day his fiancé had a debt collection agency calling her asking for the payments which had been missed or the ring would go back to the shop and this shocked her as she had no idea it had been put on finance.
The most common reason for this is that people say an engagement ring should be at least 3 months salary so they take this as law but at the end of the day it is the thought that counts not the cost.
If you go online all the high street jewellery shops offer Finance on their jewellery so they can get money in because of the current situation with the credit crunch Jewellery is the last thing which people will want to buy.
