The Man
Archduke Maximilian of Austria in 1477 had the great idea that he would give Mary of Burgundy something to bribe her a little bit and show off his wealth so that she would marry him. Since gold and diamond were rare and expensive, he gave her a huge rock set in a gold ring so that she could wear it around and show off her bling. Soon, royalty and all who could afford to, adopted the tradition of giving a diamond. So I guess we can all thank Archduke Maxi'million'.
The Finger
The tradition of putting the ring on the left hand ring finger is thought to have been popularized by the Egyptians who believed the ring finger (as we call it today) has blood vessels that connect directly to the heart. Luckily, we know that all blood vessels connect to the heart in some way. So if your fiance wants to wear her ring on her toes, although undesirable and unseen, it would work just as well.
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