Philippines 2014 Fashion Diamond Engagement Ring.
By Farzana Aamir
The Very First Diamond Engagement Ring!
History records Archduke Maximilian of Austria, of the Habsburg Dynasty, as the first person to give his fiancé, Mary of Burgundy, a diamond engagement ring in 1477. Back then, diamonds were so rare and expensive that apparently even for him it was not a light investment. Like many modern men, the archduke overspent just a little bit. In fact, because of this kind of largesse (and the many wars he fought to secure his various territories), Maximilian ended his reign as Holy Roman Emperor drowning in a mountain of debt so high it was equivalent to a decade of income from all his territories combined. Which is probably why the custom he started remained exclusive to the ruling elites for centuries.