I don't want to get into the discussion as to whether 'most' two or three carat rings that one sees are cloudy or poor quality because I don't think this is very tactful. I'm sure no one means to be insulting, but if I had a larger ring which my fiance gave me, I would be proud of it even if someone else thought that it was cloudy. I wouldn't want to hear that. Besides, we don't know that this is true. The larger rings being mentioned may be very nice. There IS a circle of people in NYC that can afford nice, larger rings at younger ages (even in this bad economy). The bad thing is that people think it's everybody. and this is just not true. The average in Manhattan is not 2 carats or even close. The average in the US, last I heard is still .33 and in Manhattan it may be somewhat bigger, but not all that much. There are actually large parts of Manhattan in which you won't see diamond rings at all-- a lot of the 'blood diamond' 'green' crowd lives there.
It's important to remember also that many living in Manhattan are DINKS, that most people there do not have cars (no car payments, no insurance) and that many rent and do not own their living space (though rent is high).
It's nice to be here on Purse Blog and enjoy the fantasy but it's just not reality.