Repurpose Wedding Ring After Divorce
September 18, 2019
BY: Lesnevich, Marzano-Lesnevich, O'Cathain & O'Cathain
Guest blog post by Mondiamo
Etiquette generally holds, and in many jurisdictions the law demands, that the engagement ring belongs to the recipient if a couple divorces, but you might not be sure what to do with the ring now that your marriage has ended. Keeping items from another time in your life may bring up painful feelings, and you might want to move on rather than dwelling on the past.
While many sell a ring to pay for something else, there are pros and cons to this decision (as there are with every other option). Continue reading for ideas and information regarding how to repurpose wedding ring after divorce.
As mentioned above, selling the ring is a very common choice as most divorced individuals want to move on and get some value for the jewel. There are a number of reasons to consider selling your diamond online or at a physical store, and you’ll receive cash in just a few days.
Since you can depend on the value of your diamond to stay relatively constant, there’s no need to make a decision on your ring immediately. Take some time to see how you feel and how you’re coping with the end of your marriage before selling it.
The engagement ring is generally yours to keep after the marriage, although there are a few important exceptions. If the ring was a family heirloom, some states require it to be returned unless the former spouse allows you to keep it (and returning a family heirloom is probably the right thing to do in most cases).
Assuming that isn’t the case in your situation, whether or not you want to return the ring is entirely up to you and likely depends on how amicable your divorce was. Again, there’s no wrong choice, so don’t feel obligated to make any decisions until you’ve had time to process your emotions.
Take It Apart
Engagement rings are typically made up of two parts, making it easy to separate the diamond from the rest of the ring. This offers a few advantages, including the ability to sell the gem and replace it with a less valuable jewel.
You can also include the diamond in another piece of jewelry, either to wear yourself or offer to someone as a gift. If you’re still on good terms with your former spouse and have children together, consider giving the gem to your child as a positive family memory.
Divorces are often messy, and it isn’t easy to decide what to do with your engagement ring. Take a few weeks to think about your options and keep these ideas in mind—each of these choices offers unique benefits depending on your state of mind and feelings about the ring.
Mondiamo is your trusted resource for selling engagement rings, diamond jewelry, and loose diamonds. We bring a modern perspective focused on creating value for your diamond jewelry. Learn more on their website at: https://www.mondiamo.com/.
For more information on family law, contact our New Jersey divorce lawyers.