Tag Archive: divorce
Ah, the engagement ring—symbol of love and commitment. After the big question is popped, it’s the first thing friends and family ask to see, a marker of taste and income, a family heirloom-to-be. It is also often expensive, featuring diamonds or other precious gems. A popular rule of thumb (though certainly not a requirement) is that the ring’s cost should be three times the giver’s monthly salary. According to one survey, the average cost of an engagement ring in the U.S. is $5,900.
So if the couple splits up before the wedding, what happens to the ring? Can the recipient keep it? Or must it be returned to the donor who footed the hefty bill?