More people contemplating getting married are swapping the big rock on the finger for the financial security of a deposit on a house.
With the average Sydney home costing more than $550,000 and economists predicting another interest rate rise by February, retailers report more and more young couples are buying fake-diamond engagement rings.
Diamond simulants and gemstones like moissanite are popular low-cost options being offered, and jewellery stores like Secrets Shhh and Moi Moi say that sales are booming.
http://www.news.com.au/dailytelegraph/story/0,22049,22930510-5006009,00.html
Also see moissanite engagement rings
