The cost of living crisis is forcing married couples to sell off treasured engagement and wedding rings to cover basic household expenses and avoid losing their homes 🔴 Exclusive from kt_grant
“They were happily married with no relationship issues, they just needed to release the equity in the ring because they literally couldn’t afford the cost of living at that time and they needed the cash,” she said.
She said the rise in people being forced to sell rings and other personal jewellery to which they had a strong emotional attachment began during the Covid-19 pandemic when many Britons lost their jobs or were furloughed. Couples are also increasingly turning to pawnbrokers to for loans, putting up their engagement and wedding rings to pay the bills as they struggle to manage inRay Perry, CEO of the National Pawnbrokers Association, said there was “no doubt about it” that the number of engagement and wedding rings being pawned had risen over the past year.
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