Broken marriage engagements can be stressful and emotional times, and are further complicated when one or both parties has given the other an (often expensive) engagement ring. When an engagement has been ended by one or both parties, the question of ownership of the engagement ring often arises. If the recipient of the ring refuses to return the ring, the parties may consider their legal rights and obligations regarding ownership of the ring.

Laws regarding these rights and obligations vary from state to state, with states determining ownership of the engagement ring (1) based on who was at fault in the breakup of the engagement (analyzing the ring as a conditional gift, conditioned on the wedding taking place); (2) based on who ended the engagement (analyzing the ring as a conditional gift, conditioned on the wedding taking place); (3) without regard to who ended the engagement or was at fault in the breakup of the engagement (analyzing the ring as an unconditional gift that the recipient may keep); or (4) requiring the recipient to return the ring without regard to who was at fault or who ended the engagement (no-fault).

If the parties do get married the engagement and wedding rings are generally considered gifts to the recipient, and therefore separate property that is not subject to division or return upon divorce—unless the parties have a written agreement that provides otherwise.

Laws regarding the ownership of an engagement ring when the engagement is broken are usually located in a state’s statutes or court opinions (common law).

In Colorado, the law regarding the ownership of an engagement ring after a broken engagement is based on the concept of the ring being a conditional gift. This means that the ring is given on the condition that the marriage will take place. If the engagement is broken and the marriage does not occur, the person who gave the ring (typically the proposer) is generally entitled to its return, regardless of who is at fault for the end of the engagement. This aligns with the majority view that an engagement ring is a gift in contemplation of marriage. Once the condition of marriage is fulfilled, the ring becomes the separate property of the recipient. However, if the marriage does not happen, the condition is not met, and the ring should be returned to the giver. This is consistent with the principle that such gifts are conditional rather than unconditional. It's important to note that these matters are often settled based on case law rather than specific statutes, so the outcomes can vary depending on the circumstances and past court decisions.