mickeyrooney Posted May 29, 2005 Share Posted May 29, 2005 who should own the wedding ring? Isnt it logical to include the ring in a prenup, especially if its of substantial value, in case the marriage goes south?? after all, its a symbol of "our unity", so shouldnt it be liquidated upon the dissolution of that "unity", and split up into the community property? I have read posts here where the woman was not satisfied with the ring, either too small, too inexpensive, wrong shape or setting, etc. it is usually considered a gift, and likewise becomes separate property. but ladies, wouldnt it be conducive to getting a bigger, more expensive ring to show off to all your "friends" and get them green with envy, if you couch it as an investment instead of an outright gift?? that way, the guy wouldnt mind shelling out more money on a rock if he knows that one day he may have an interest in if things go wrong. Yes, you have to take a chance too, like the guy, that something may go wrong and you lose the ring, but so what??, the whole process is chancy and you have a 54% rate of failure anyway. I dont think buying a diamond ring is such a great investment, but at least its not a total loss. I think its more sentimental value than real dollars for appreciation purposes. maybe thats why guys want the 2k ring rather than the 20k ring, because he has enuf jitters to begin with, and way in the back of his brain this jewelry stuff is just like flushing money anyway. if your opinion is that its "your ring", then what happens to them after a divorce?? do women wear the rings to constantly remind them of that A..hole they once knew?? do they sell them, use them to browbeat the next guy into buying one bigger than that one to "show their greater love", or what? like to hear some opinions. thanks. Link to post Share on other sites
DesertDweller Posted May 30, 2005 Share Posted May 30, 2005 I've heard that in the case of a broken engagement, the woman keeps the ring if the man called off the wedding, vice versa if, well, vice versa. I don't know about after the wedding. I'm against big "rocks" anyway, I think they're ostentatious. I'd rather spend the ring money on an exotic honeymoon. No fighting over that! Link to post Share on other sites
UltimateZen Posted June 1, 2005 Share Posted June 1, 2005 I believe that the engagement ring should be returned if the engagement goes sour. However, after marriage it should be considered joint ownership and is sold upon the divorce with the money going to attorney fees, the children (if any) or split between the two. Link to post Share on other sites
blind_otter Posted June 1, 2005 Share Posted June 1, 2005 Indian givers! Stingy men! I sold my engagement ring recently, my exhusband gave his blessing. When we split up he was like "Keep it. WTF am I going to do with a diamond ring anyways" Link to post Share on other sites
moimeme Posted June 1, 2005 Share Posted June 1, 2005 It is a gift. So the moral of the story is don't spend a fortune on it if you think you won't last. Better yet, don't get married if you think you won't last. In fact, I go with BO on this - don't buy the mega rock at all. Spend the money other, better ways. Link to post Share on other sites
Artifact Posted June 1, 2005 Share Posted June 1, 2005 I agree, with that many doubts, don't buy anything!! Link to post Share on other sites
Cecelius Posted June 28, 2005 Share Posted June 28, 2005 engagement rings in most states are gifts on condition, and usually if the condition isn't met, the gift isn't permanent. Link to post Share on other sites
TUDOR Posted June 28, 2005 Share Posted June 28, 2005 I'm all for CYA in most cases and you are right there is 54% chance a marriage won't make it. But I think planning for failure also breeds failure. If you want to address it before the wedding in a prenup then I think it should be stated who ever leaves the marriage for what ever reason does not get to keep the ring. The reality of it is the woman will not wear the ring again and will trade it, sell it, or in some cases just put it away in some box never to be seen. You will do pretty much the same. A ring is not an investment, the chances of getting close to what you pay for it later down the road is not likely. When my wife and I divorced I kept the ring because it was she that wanted the divorce. I took it back to the jeweler that made it and traded it for two pair of diamond earrings. I gave one pair to my mother and one pair to my niece. The other option was to get store credit for the ring for later down the road when I decided to remarry again and would need another ring. Link to post Share on other sites
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