Down the Drain

J1 sent me a story today about a guy who bought a $27,000 Tiffany engagement ring for his fiancé.  Three days later, she LOST it.  Three days!  After three days, most women still can’t take their eyes off their new ring.  Not this girl.  She left it in a bathroom sink in San Francisco.  

Now the story has a happy ending, as an extremely honest woman found it and returned it to Tiffany, which was able to track the owner through the serial number.  So the ring and its owner were reunited, and $27,000 avoided being washed down the drain (literally).  [Sorry, I know that’s a really bad joke.]

Now I will avoid going on a rant about two things, but I will mention them.  First, when you’re still in school, as this fellow happens to be, spending $27k on a ring is not that smart.  Don’t start throwing around money like that until you’re actually a baller.  Second, buying at Tiffany is pretty stupid as well, as they basically charge a huge price premium based on their brand name.

What I will go on a rant about is that the ring was not insured.  How do you spend as much money on a ring as most cars cost and then not insure it?  That has to be one of the most brainless things I’ve ever heard of.  You are just asking to have a painful story of loss and ruin with an that kind of decision-making.