Q: What should you do with an engagement ring and wedding band post-divorce?
A: Typically, you have three choices: Keep, reset or sell. You might keep your rings for sentimental reasons or simply because you're not ready to make another decision. If you are going to hold on to them, make sure they're insured and stored in a secure place.
Few people actually want to wear their rings post-divorce, so having the stones reset is a great option. Work with a jeweler on a new setting that symbolizes this new phase of your life, or have the ring made into a piece of jewelry for your children.
Sell your wedding ring if you'd use the money for something that brings you joy, like paying off some debt or a much-needed vacation. Avoid doing this in a rush, which could lead to accepting less than it's worth. Unfortunately, this is also a time when some discover that what they thought was a diamond is not.
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Choose whatever you want. It's not anyone else's decision, and there is no right or wrong answer.
– Mandy Walker, divorce coach and mediator
A: The engagement ring and wedding band represent a union between two people – symbols of vows taken and promises made. They aren't a toaster or bar set.
I can think of few "presents" that cost so much, and none triggers the level of stress in men as getting an engagement ring. To suddenly minimize the engagement ring as a mere "gift" smells of convenient self-interest. I bet that the "gift" was more highly considered when it was presented as a token of lifelong desire and commitment.
Some guys may feel differently about this and would never consider asking for the rings back, but I think I can even speak for them when I say every engagement ring represents a couple's love for each other, and a union that is anticipated to last. So when that dream shatters and divorce ensues, to suddenly keep the ring, is somewhat like being fired from a job but holding on to the business cards.
– Kyle Bradford, marriage, divorce and blended family blogger