As part of the credit crunch coverage which we are all seeing on our televisions and pur newspapers, many companies have been exposed for offering customers loans and credit cards at extortionate rates. One credit card which I have recently been reading about offers an interest rate of just under 250% and with Christmas coming up, it is feared that many people will be forced in to taking up these sort of offers to fund the festive season – especially those people who have young children.

On numerous articles on this site we have indicated that under no circumstances would we advise that you overspend on your diamond jewellery purely as a matter of expediency. No matter whether you are wanting to invest in a diamond necklace, diamond earrings or that special engagement ring for your partner it is important that you stick to your budget and speak to your partner honestly about this if you feel that you could do with this being raised. There is always a way around this if you communicate with your partner in an open and honest way – which is obviously a better situation than placing either yourself or the two of you in to financial troubles.