One of the most common questions I get asked in a divorce case is what happens to the $20,000 engagement ring I gave my partner? Can I get it back or at least some credit for it? In a divorce, more likely than not, your ex will be keeping the ring and you get nothing for it.
Florida, along with a majority of other jurisdictions, consider the ring to be a conditional gift–meaning the gift can be revoked if the recipient does not fulfill the conditions attached to the gift. Of course, the condition being that the receiving spouse marries the spouse gifting them the ring. As such, the ring is lawfully considered your spouse’s personal, pre-marital property.
However, all is not lost. Any upgrades or bands added to the ring during the marriage is subject to the same laws of equitable distribution as other marital property.