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Poundland sells 40,000 £1 rings

Poundland has sold almost 40,000 £1 engagement rings in the weeks before Valentine's Day 2020.

They are called bling rings or man bands. The company says they are sold as placeholders for proper rings. But some commentators have suggested they are being bought by those who are poor and desperate.

Valentine's Day spending in 2019 was £853 million as retailers cashed in with more and more products, including a heart-shaped sausage. [20.02]