Brides who say 'yes' could be agreeing to a lot more than they bargained for, with the unveiling of a new engagement ring that also doubles as a tracking device.

British jeweller, Steve Bennett, has built the first prototype, which may look like any other diamond ring, but has the discreet addition of a bluetooth chip.

It means jealous spouses will now be able to keep tabs on their significant other - that is, if their partner actually agrees on wearing one.

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All eyes on you: British jeweller and CEO of Gemporia, Steve Bennett has built the first ever engagement ring tracking device

Smaller than a thumbnail, the sophisticated GPS tracking technology is slotted behind the jewel of the ring, which has currently been designed in two different prototypes.

The latest development in the wearable technology trend, one design boasts a sizable square cut diamond with an eight-prong silver setting, while the other is composed of a violet marquise-cut diamond with an unusual square setting.

But what both prototypes have in common, is that they will report the location of the ring at all times.

Bennett, the CEO and founder of online jeweller, Gemporia, says the main purpose of the ring is for theft and loss protection.

For jealous types, however, it also gives information into where its wearer is.

Sophisticated GPS tracking technology is slotted behind the diamond and reveals the wearer's location

The piece of jewellery will be marketed by Gemporia as their 'fidelity ring'.

While not many people would be elated at the prospect of their partner knowing their exact location at all times, Bennett insists that the benefits by far outweigh any doubts.

He said: 'The idea came to me as I was thinking of ways to ensure the safe-keeping of jewellery. Our collections include some highly valuable pieces and some added insurance is of course always welcome.

'However, the most important factor was witnessing the devastation of people who have misplaced their jewellery or had it stolen.

'In many cases the sentimental value of treasured pieces far outweighs any monetary worth and I wanted to do anything and everything I could to prevent this.

There are currently two designs of the prototype available, one of which is a chunky square-cut diamond with a lavish eight-prong setting

The other engagement ring design is composed of a violet marquise diamond

He added: 'One thing lead to another and the concept of an un-loseable ring was born.

'However, after speaking to our customers we saw there was an appetite for his and her versions which sparked the idea of a trackable ring for couples.'

While the invention of the ring sparks debates about personal safety and tracking technology, Bennett argues that maintaining an open and honest approach when purchasing and distributing the ring is the key to using it responsibly.

He explained: 'We aren't being deceptive about this. We know the fidelity ring won't be for everyone but we're still really excited about it.

'The implications are limitless. This could be the end to baseless jealousy and unfair accusations; this ring could safeguard the institution of marriage.

The tiny bluetooth chip slots behind the diamond and in front of the silver mounting of the ring

'And as an added bonus, these rings also have clear safety benefits. With GPS installed in your jewellery, the chances of getting them back if they're lost or stolen increases ten-fold.'

Gemporia is already exploring the possibilities of expanding their range and designing children's jewellery with tracking devices installed.