Earlier quoted context omitted.
This is partly a myth. More important was the non legal enforcement of engagements. Many couples in the past would start to have sex when engaged. If the engagement is not legally secure, the diamond basically serves as signal. That why 3-month salary make sense. If I buy a 3-month salary worth diamond I'm probably not gone leave you after a month. Its an easily portable high value item that also serves as signaling…
> Its an easily portable high value item that also serves as signaling for the person wearing it. It makes more sense then livestock in the modern world. Jewelry is not a great value store, unless you're fine with selling it at a significant loss. Diamonds specially, unless they're rare, seem to magically lose a lot of its value as soon as they print your receipt. To be honest, I find the whole love-engagement-sex-we…
And displaying the wealth that is mobile is also an important signal.
Pure economics would suggest a small gold bar would make more sense if you want to signal commitment.
> To be honest, I find the whole love-engagement-sex-wedding handling retrograde and inappropriate for the current times.
Me to but that is not the discussion.