Everyone cares about status symbols. And engagement rings is one of the most prolific. It goes right next to fancy vacations, fancy cars, and fancy coffee.
Our choice was mostly founded in finance, but because we thought it was a waste of money not because we couldn't afford it. She also had no interest in walking around with a $5k+ insurance liability on her finger, but she enjoyed the aesthetic of a clear centre stone. The small stones in both her engagement and wedding bands are diamonds because they are cheaper due to being more readily available.
We don't use it as a status symbol or for virtue signalling. Neither of us are active on social media, and I don't even think there is a photo of it online. She normally doesn't even wear the engagement ring, just the wedding band (which is very thin and basic). Our friends are aware it isn't a diamond, but because they asked not because we forced it on them. People who don't ask can think it's whatever they want, neither of us derive our self worth from whether her ring is perceived to be a particular type of stone.
https://www.scientificamerican.com/article/the-psychology-of....
>...apart from economic payoffs, social status seems to be the most important incentive and motivating force of social behavior.” The more noticeable status disparities are, the more concerned with status people become, and the differences between the haves and have-nots have been extremely pronounced during the economic recession of recent years.
It's important to recognize we're talking about generalities here. But status symbols are one of the most important motivating factors in social behavior. Sure, maybe for your wife that's not a status symbol she particularly cares about, but do you really believe that's the majority case?
https://www.scientificamerican.com/article/the-psychology-of...
>...apart from economic payoffs, social status seems to be the most important incentive and motivating force of social behavior.” The more noticeable status disparities are, the more concerned with status people become, and the differences between the haves and have-nots have been extremely pronounced during the economic recession of recent years.
Sometimes a cigar is just a cigar.
If we can agree that one hermit, living alone in the woods, exists somewhere in the world, then we can agree that my claim is true: Some percentage (percentages do not imply whole numbers) of people opt out of status games.