Headlines Retailer Sells 20,000 ‘Placeholder’ Engagement Rings for $1.30 Each A British discount chain launched the rings in January. Published 2 years ago on February 12, 2019 By INSTORE Staff Share Tweet In just one week, British discount retailer has sold 20,000 “engagement rings” for the equivalent of $1.30 each. Poundland says its Bling Rings are “placeholders” that people can wear until they can afford to buy actual fine jewelry, Insider reports. JimmyCast Podcast: Jeffrey Samuels on How to Build a Business to Support a Lifestyle Podcasts Maximizing Your Business Potential Is Easier Than Ever With the Zing™ Platform by Jewelers Mutual® Group Sponsored Podcasts Find Out Why So Many American Jewelers Are Loving Thai Jewelry (and Gemstones) As a result of the frenzy, which began in January, the chain is now touting itself as the UK’s largest seller of engagement rings. Poundland is similar to a U.S. dollar store. It has 850 locations in the UK and Ireland. The rings serve as “an excuse to pop the question and make it official before they save up to purchase the real thing,” according to the retailer. Advertisement A spokesperson told The Guardian: “These are beautiful placeholder rings because we know they’ll want to buy their own.” Advertisement The rings come in four designs and various sizes. Read more at Insider Related Topics: Latest News Top click to Comment(Comment) Up Next Renowned Retailers to Judge INSTORE Design Awards Don't Miss 5 Questions with AGTA Chief Douglas Hucker INSTORE Staff Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected]. Continue Reading Advertisement SPONSORED VIDEO Wilkerson Testimonials Retirement Made Easy with Wilkerson The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.” You may like IGI to Certify Rare Pink Diamonds from Australia’s Argyle Mine Bergio Acquires Online Jewelry Retailer Aphrodite’s Platinum Guild International USA Relaunches E-Learning and Resource Website Promoted Headlines Digital Warrior: A Conversation with GemFind’s Alex Fetanat GemFind A Sales Meeting Platform for The 21st Century The Plumb Club With Average Retails of $250, This Is One Brand You Won’t Want to Miss! Chic Pistachio Advertisement Latest Trending Videos Press Releases21 hours ago GJEPC Signs MoU with eBay Press Releases22 hours ago Joseph Varjabedian Passed Away Due to COVID-19 Headlines1 day ago Signet to Raise Its Minimum Wage to $15/Hour Fun4 days ago 54 Funny Memes That Will Make You Say ‘Yup, That’s Life in Retail!’ Headlines1 week ago Paris Hilton’s Engagement Ring May Be Worth $1M+ Headlines1 week ago $5.2M in Fake Cartier Jewelry Seized in Kentucky Sponsored Content3 days ago Digital Warrior: A Conversation with GemFind’s Alex Fetanat Jimmy Degroot1 week ago Video: Sharpen Your Bridal Jewelry Presentations Sponsored Content1 week ago With Average Retails of $250, This Is One Brand You Won’t Want to Miss! Advertisement SubscribeBULLETINS INSTORE helps you become a better jeweler with the biggest daily news headlines and useful tips. (Mailed 5x per week.) Latest Comments Most Popular Fun4 days ago 54 Funny Memes That Will Make You Say ‘Yup, That’s Life in Retail!’ Headlines1 week ago Paris Hilton’s Engagement Ring May Be Worth $1M+ Headlines1 week ago $5.2M in Fake Cartier Jewelry Seized in Kentucky Benchmarks1 week ago These Jewelry Retailers Grab Shoppers’ Interest with Inventive Displays Headlines2 days ago Bergio Acquires Online Jewelry Retailer Aphrodite’s Hot Sellers1 week ago These Were the Top-Selling Jewelry Brands and Categories in January, According To Our Brain Squad Columns3 days ago 3 Tips to Becoming the Most Resilient Jewelry Store Owner You Know Sponsored Content1 week ago With Average Retails of $250, This Is One Brand You Won’t Want to Miss!