As the diamond market plummets, young Chinese people are finding new alternatives to symbolize their love
Wang Xueying calls herself a fool for getting two diamond rings in 2022. One of them was a wedding band from her husband that cost over 15,000 yuan. Now, it could be worth just a tenth of that. “I feel like with the same price, we could have gotten a much larger one now,” the 23-year-old office worker from Liaoning province tells TWOC.
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Shao Yefan is a contributing writer at The World of Chinese. She writes articles about economic and political changes in Chinese society, especially how these affect normal people’s lives. She is particularly interested in the impact of international events like the Olympic Games on Chinese society.
