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Who Keeps the Diamond Engagement Ring if You Break Up?
A very sticky and uncomfortable situation to be sure.
Wisconsin is one of the few States that has a clear law on the books.
Read it here: It's Mine! No, It's Mine!
Whomever does wind up keeping this Diamond Engagement Ring hopes of recouping the original purchase price is but a dream. You will be lucky to get 50-60% of your original purchase price.
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Comments
Interesting story....
I sold a 3ct stone to a couple for $25,000. After three months the man called to say that the engagement was off. The woman would be coming to me to sell the stone. As he had been the one recommended to me, I asked him how he wanted me to handle the buy-back. Did he want me to give her a small part of the money and send him the rest? or any other scenarios?
His answer floored me! He sid give her all of the money I could. The $25,000 ring was nothing compared to the check he wrote her to get her out of his life!!
Larry Horowitz
GersonandHorowitz.com
SellBigDiamonds.com
Posted by: Anonymous on March 19, 2007 9:19 PM
Larry,
LOL!!
Great story!
Posted by: Judah on March 20, 2007 6:17 PM