Poundland are selling engagement rings for just £1 in time for Valentine’s Day, which they describe as the perfect “placeholder” ring until people can afford the real thing.

The ‘Bling Ring’ jewellery has sparked a debate on social media after a photo was posted in the Facebook group ‘Extreme Couponing and Bargains UK’ showing a silver ring with a red jewel, presented in a red heart-shaped box, with the slogan “because we promise they’ll want to choose their own”.

The rings are available in a variety of colours – including one with a silver band and blue stone. Another has a gold band with a small diamond-looking stone in it, which is also available in silver.

Poundland said the rings are part of their new Valentine’s Day range, and give people the opportunity to propose “before they need to invest in the real rock”.

The high street store told the Press Association: “These are beautiful placeholder rings because we know they’ll want to buy their own.

“We’re looking forward to the Poundland proposal becoming the way it’s done. Our bling ring is setting the scene for the real deal.”