Investing on ornaments of gold and diamonds is just folly. It is locked up capital that yields little. Many chronicles show that men and women have been fond of jewellery since ancient times. The love of ornaments has thus been a direct cause of financial ruin which good sense could have avoided.
In many instances love of jewellery has ultimately necessitated reductions in the budget for household requirements and even clothes or similar needs of children and other members of the family. They are seldom able to payoff such loans.
The perpetual state of indebtedness is a cause of much mental worry which ultimately impose an unhealthy effect on them.
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The amounts spent on buying jewellery is entirely unproductive. It brings no benefit of any kind and it is sheer waste. This is particularly true of modem times When the prices of gold and diamonds are prohibitive. Fancy for and love of ornaments, make some women force their husbands to borrow money from their offices Or from moneylenders or accept bribes, to enable them to buy some ornament for decorating themselves.
The expenditure on gold and ornaments is a waste of money. The money spent on ornaments of various types can be better utilised on education, training for jobs, various types of household goods, industries and productive enterprises.
Thieves often steal ornaments; in fact, the first thing robbers look for is jewellery. Chain snatching on secluded roads and on highways is a well known phenomenon. Sometimes there are murders for getting jewellery. Display of ornaments tempts thieves and other criminals.