Don't you dare give back that ring.
Some states have different rules about whether the rings are marital property or not. Texas says that the rings are the property of the person who accepted them They aren't considered marital property upon divorce. So, don't throw it at him, walk away with it. Do a search for your state to see how the court handles engagement and wedding rings. Often they are viewed separately. Again, don't give it back - at the very least, it's half yours!
Now that you have it, what do you want to do with it? I didn't need the cash from it, so I kept mine. I had it cleaned, I packed it in a nice box, and I put in a safe. I am keeping mine for our daughter. I don't know that she'd want it as a ring when her parents are divorced, but she can have it remounted as something else if she wants. She knows it's in safe keeping for her, so when she's ready, she can ask for it.
If your state has a law that says the rings - either of them - are marital property, you need to put them in safe keeping until your agreement is signed and assets are divided. If you don't, you could be held responsible to give your ex-spouse half the money. My first suggestion would be to get an appraisal from a reputable local jeweler so that you have the paperwork for the court proceedings, or mediation. It will cost a bit of money, but it will be worth it.
There are a lot of variables for what to do from here ..
If you have the assets to offset the value so that they would get the equivalent in another manner, then do whatever you want with it to make money. I've seen there are a few places online that buy rings, BUT I would advise against sending your rings anywhere. You may get a bit less walking into a jewelry store, or selling it on personally on Facebook, but you risk losing the whole lot if you send it away and it's a scam.
Without assets to offset the value of the rings, if you sell it before your final agreement, you run the risk of a big problem. However, if it is a choice between feeding your children and keeping your ring for a later agreement, I'd say there is a real case for selling it. Just PLEASE don't go to a pawn shop. You will get so very little from your jewelry that it's almost a crime. Try a local jeweler, go to a couple so the you can compare the offer.
One real option is keeping it. Your children may want it, like mine might, and it's a cool thing for them to have. They may be angry and not want it now, and frankly, they may end up not wanting it later, but giving them the option if you can. Truthfully, maybe you want to keep it. That's ok too. Marriage is a big deal. We all believed we were going to be married 'until death do us part', right? It's okay if you want to do that. I promise it is an acceptable solution -- don't let anyone tell you it isn't.
Whatever you decide to do, make it after some real soul searching. You should have plenty of practice by now :) Don't make a decision you'll regret at some point. And remember, he has a ring too .. so there is some value in his jewelry as well, so you aren't the only one who has some value to manage.
❤️
Harper
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