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  #1  
Old 12-11-2006, 07:43 AM
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engagement ring

What is the name of your state? RI
I have a question about an engagement ring. I was married once before, I had a ring from the that marriage and kept. I got engaged last year and traded that ring in plus I also put a deposit of $2000 for the new ring because at the time my fiancee didnt have the money. He did pay the rest for the ring which was about $3,500. Well we broke up and I still have the ring, but he insists I sell it and we split the difference. What do you think it fair. I did turn in an old ring and added almost as much as he did for it.
  #2  
Old 12-11-2006, 08:34 AM
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Quote:
Originally Posted by amandab View Post
What is the name of your state? RI
I have a question about an engagement ring. I was married once before, I had a ring from the that marriage and kept. I got engaged last year and traded that ring in plus I also put a deposit of $2000 for the new ring because at the time my fiancee didnt have the money. He did pay the rest for the ring which was about $3,500. Well we broke up and I still have the ring, but he insists I sell it and we split the difference. What do you think it fair. I did turn in an old ring and added almost as much as he did for it.
Who broke the engagement?
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  #3  
Old 12-11-2006, 07:56 PM
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engagement

I broke the engagement.
  #4  
Old 12-11-2006, 08:29 PM
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figure out what percentage each of you contributed to the purchase of the ring. Sell it and each of you get that percentage of the sale price.
  #5  
Old 12-11-2006, 08:39 PM
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Quote:
Originally Posted by justalayman View Post
figure out what percentage each of you contributed to the purchase of the ring. Sell it and each of you get that percentage of the sale price.
I agree with this idea, it may be the easiest way to handle it.

I was reading a case that was filed February 23, 2006 in Rhode Island Superior Court and it was a similar (man didn't pay all the cost of the ring).

Although there was property and a house involved, he was awarded the amount of money he had into the ring.

[url]http://pub.bna.com/fl/05995.pdf[/url]
  #6  
Old 12-12-2006, 06:30 AM
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Just be aware that on a resale basis, you will be lucky if you get 20% of the original price that you paid for the ring.
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