^^^. It there was no market for expensive rings, then they wouldn't be sold. Who's to say your wife's utility isn't increased with a nice ring? Why do people buy expensive art? Rare hockey cards? Exotic cars that sit in a garage? People value different things differently. So what if YOU don't think it's worth it. Others do, that's why they buy them.
You say there's no difference between a $10k ring and a $1k ring? I say there's no difference between a $20 dinner vs a $100 dinner. No difference between a $10k car and a $40k car. No difference between a 50 inch TV and a 32 inch TV
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