Tuesday, April 10, 2012

PropertyProf Blog: The Diamond Ring as Virginity Loss Insurance

? Prum & Medders on Performance Bonds and Certified Green Building | Main | How Should Unmarried Couples Own Property? ?

April 9, 2012

The Diamond Ring as Virginity Loss Insurance

RingBookending last week's story on wedding dresses the Atlantic has a piece about the formerly sexist economics of diamond rings:

A now-obsolete law called the "Breach of Promise to Marry" once allowed women to sue men for breaking off an engagement. . . .? The woman is lending her hand in marriage to the man, who promises to tie the knot at a later date. In the days of Breach of Promise, the woman would do this on an unsecured basis -- that is, the man didn't have to pledge any collateral -- because the law provided her something akin to bankruptcy protection. Put simply, if the man didn't fulfill his obligation to marry, the woman had legal recourse. This calculus changed once the law changed. Suddenly, women wanted an upfront financial assurance from their men. Basically, collateral. That way, if the couple never made it down the aisle, she'd at least be left with something. And that something was almost always small and shiny.?The diamond ring was insurance.

Steve Clowney

April 9, 2012 | Permalink

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef016303dad37e970d

Listed below are links to weblogs that reference The Diamond Ring as Virginity Loss Insurance:

Comments

Post a comment

best buy black friday 2011 ads broncos jets jessie james osu basketball dale sveum jets broncos thursday night football

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.