May I sell a ring from a previous engagement?

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F_Marturana said:
I’ve heard that if a man proposes on a holiday that traditionally gifts are exchanged, like Christmas or a birthday, the ring is considered a holiday gift, so she keeps it.
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I don’t think so, unless it is specifically given as a Christmas or birthday present, which is probably not the case.
 
F_Marturana said:
I’ve heard that if a man proposes on a holiday that traditionally gifts are exchanged, like Christmas or a birthday, the ring is considered a holiday gift, so she keeps it.
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Nope. If the engagement breaks up the decent thing for the girl to do is always to give the ring back. Why would she want to keep it anyway?
 
No way. Likewise, if I gave her socks and she lost her feet in a horrific combine harvester accident, I’d expect those returned as well. Just common courtesy. A fiance-less woman no more needs an engagement ring than a footless woman needs socks.
 
I’m not advocating for that, I heard that before from an attorney. But it was just what he thought without researching it.

The OP is free to go what he wants. Diamonds and precious metal don’t actually depreciate like a car does. A privately owned diamond is worth as much as a similarly valued one in a jewelry shop.

The OP might want to hold on to it until getting offers. I’ve sold gold before, the price fluctuates.
 
This is such a silly discussion. You purchased the ring, you have possession of the ring. It is yours to sell. All other factors are nonsense.
 
dailymassgoer said:
I gave it to her and we were engaged for six months and set a date for the following year. We broke up in Nov of '19 and she gave me the ring back.
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Pattylt:
Usually, an engagement ring is hers to do with as she wishes.
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Not true. In most jurisdictions, engagement rings are considered conditional gifts. In other words, the engagement ring is considered a gift under the condition that the recipient follows through on the promise to marry the giver. In our case she broke that promise and therefore, forfeited the gift.
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You might want to Google different sites. As @Pattylt mentioned, once a gift is given in the US, it is legally the recipient’s gift, UNLESS it was given with, and accepted with, the understanding that in the event of a breakup, the ring will go back to the giver. Increasingly, it seems, as the years advance, women are returning rings after a breakup, but unless the return in event of a breakup has been specified along with initially accepting, there is no legal obligation to do so.

There are times when a young couple becomes engaged and a relative of the groom presents an heirloom ring to be used with the same caveat: return the ring if there’s a breakup.

Since your ex-intended did return the ring, sell it for as much as you can get for it and thank your lucky stars that she did!

Edited to Add:
I googled briefly, knowing that 60 years ago the ring was the lady’s to keep, unless there was an agreement upon receipt to return it in the event of a breakup, or unless the lady just wanted to return it. Of course, a guy could always resort to court, but that’s certainly not necessary here.

THEN, I read the rest of the thread and saw all the uproar! Good grief! Why? The OP already possesses the ring! As Archie would say, “Sell it already and be done with it!” (Rolls eyes!) “Case closed!”
 
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Hey.

Bro to bro.

Diamonds have an extremely artificially inflated market. This means it’s not worth near its purchase price the second you walk out the store.

Just get it resized for number two. Way cheaper. Spend what you saved on the honeymoon or, even smarter, hold it for your home, car, something you actually need.

Spent a small fortune on my wife’s when I didn’t really have it to spend and I always remember what a dumb idea it was. Glad younger generations are moving away from the practice.
 
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Dr_Meinheimer said:
No way. Likewise, if I gave her socks and she lost her feet in a horrific combine harvester accident, I’d expect those returned as well. Just common courtesy. A fiance-less woman no more needs an engagement ring than a footless woman needs socks.
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Whew! Gutsy-er than I am!
 
Hume said:
Diamonds have an extremely artificially inflated market. This means it’s not worth near its purchase price the second you walk out the store.
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Especially diamonds used in jewelry. Unless you have a custom made ring with a diamond bought separately, the diamond itself my not be worth a ton of money. I would try to sell it privately to another couple looking for a ring. Or keep it and have it reset or resized for next time. Just don’t tell the bride the origins of the ring/stone.
 
We didn’t spend a bunch of money on my ring. For my fortieth anniversary, we had the center small…and I do mean small…diamond moved to the side and a larger one placed in the center. We never could have afforded that size diamond when first engaged but by our fortieth, it wasn’t a large amount to us and I love it so to this day.

I inherited my mothers diamonds, three of which were grandmas diamonds. Had a ring, a necklace and earrings made…a whole wardrobe of jewelry which will be passed on to my daughter and two granddaughters…which they can have reset if they like as well. They are all far more valuable as heirlooms than their market value. The three largest stones are Russian cut which makes them rarer but slightly less value. To me, they are all priceless!
 
If the ring brings you bad memories I would sell it. If the ring has a nice diamond in it and you are okay with it I would make a new ring out of the diamond. I will also day you dodged a bullet and thank God and move on.
 
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