Selling an endowment 'could help children cover cost of engagement'

There are a number of expenses associated with becoming engaged, with rings often one of the largest.

According to one firm, people may increasingly struggle to fund the cost of getting such jewelry, as the price of diamonds is rising significantly.

Online retailer Diamond Manufacturers said the increases may come as a "nasty surprise" to those hoping to become engaged.

Chris Radford, chief executive officer of aap, the UK's biggest buyer of endowment policies, said some of its customers who wanted to help a child who was looking to