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Recession is forcing people to sell their wedding rings

Wedding rings

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Postgoldforcash.com have bought over 10,000 engagement and wedding rings since their first advertisement featuring Ann Diamond was broadcasted on British television in 2009.

In 2008, the divorce rate in England and Wales was over 11.2 people divorcing per 1000 married. Though this is one of the highest divorce rates worldwide, the divorce rate hasn’t been this low in England and Wales since 1979.

According to Mark Keenan, the managing director of Divorce-Online.co.uk, the number of divorces will rocket in 2010 and onwards as a result of the economic recession. The most recent statistics from the Office for National Statistics show that, in the first quarter of 2010, there has been an increase of 6% in dissolutions of marriages compared to the first quarter of 2009. It is no surprise that, if financial hardship is causing people to split up, they will gladly sell their unwanted gold rings for a good price.

Market research by the independent company TNS showed that Postgoldforcash offer substantially better prices than its main competitors advertising in Britain. The offer they make is based on the melt value of the ring. They buy all types of gold and also make offers for other precious metals such as silver and platinum. Consumers have even received a fair price for unwanted diamonds and gemstones from Postgoldforcash.

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This post was written by Mark Keenan. Editor of the Divorce Online Blog and Managing Director of Online Legal Service Ltd. Mark has been writing about divorce and related subjects for over 20+ years and is an expert in legal marketing.

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