I’m a diamond expert – why Molly-Mae shouldn’t give Tommy her £600,000 ring back

MOLLY-MAE Hague and Tommy Fury were engaged, but what happens to the diamond ring after their shock split?

Gen Z were shocked to hear that Love Island icons Molly-Mae and Tommy’s love story had come to an end.

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But not as angry as Molly-Mae when she found out her boxer fiancé had “cheated on her multiple times”.

The influencer, who shares Bambi with Tommy, shared a touching post on Instagram on Wednesday, revealing that the couple had ended their relationship after five years.

She said she “never imagined” that the couple’s seemingly perfect romance would end this way and that she was “extremely upset” about the split.

Molly probably can’t look at the £600,000 engagement ring Tommy gave her last year without getting extremely emotional. So what’s she going to do with it?

What will Molly-Mae do with her engagement ring now?

Rosie Lillis, founder of the jewelry PR brand Rosie Lillis Communicationssaid: “[Molly-Mae] could keep the ring and give it to her daughter, or have it made into a new ring that she can wear on another finger.

“A number of jewelers we work with are seeing an increasing demand for ‘divorce rings,’ where customers are transforming their old engagement rings into new jewelry – whether it’s another ring, a necklace or a pair of earrings.”

But is it easy to change an engagement ring into something completely different?

Rosie said it was “really easy.”

She added: “The diamonds or gemstones in the ring can be removed and set in a new design.”

Lindsay Ferguson, Marketing Director at The Diamond Shop agrees with the idea of ​​Molly-Mae transforming her tainted diamond into something new.

She explained to Hello!: “Now that her engagement is over, we predict she will repurpose her ring and turn it into something new, fresh, and liberating, like a pendant necklace. Or she will sell the ring to recapture some of its value and buy another piece of jewelry that is just as sentimental.

“It is also possible that Molly-Mae may want to keep the ring and pass it on to Bambi as a sentimental gift symbolizing their mutual love for their child.”

Should Molly-Mae give her engagement ring back to Tommy?

Fans are wondering if she will return her engagement ring to the ‘cheating’ Tommy.

What does the law say about the value of the ring?

Expert at Nelson’s Law said: “This applies not only to engaged couples, but also to couples who are going through a divorce.

“The same general rule applies that the engagement ring was an absolute gift and therefore had to be kept by the recipient unless there was a condition attached to the giving of the ring.

“If no prenuptial agreement has been drawn up and you cannot reach an agreement on the financial arrangement after a divorce or separation, you can ask the court to make a ruling on this.

“However, given the high costs of litigation, this should always be the last resort.”

So it really depends on whether Molly-Mae and Tommy had an agreement about who would keep the engagement ring if they split.

Has Molly-Mae’s engagement ring increased in value?

There is a common misconception that diamonds are rare and become more valuable over time.

But the vast majority of diamonds are not investments because their resale price is lower than the retail price, say diamond experts at My Gemma.

When you sell a diamond, you can count on getting back 25% to 50% of the sales price. And this drop in the price of second-hand diamonds can be a shock.

But “truly rare diamonds” do increase in value.

The experts noted that these should be “rare, colored diamonds, such as red, blue or pink diamonds of exceptional quality and/or whose carat weight can increase in value.”

The same goes for exceptionally rare, high-quality, large white diamonds with perfect color, cut and clarity.

This is because extremely rare diamonds are in high demand but in limited supply, meaning they will increase in value.

Because Molly-Mae is so incredibly popular, her 7-8 carat diamond could fetch more than its original price of £600,000.

When did Molly-Mae and Tommy get engaged?

Tommy got down on one knee and proposed to Molly-Mae in July 2023.

The boxer chose a romantic Ibiza clifftop decorated with hundreds of roses to propose to Molly-Mae, even flying in her favourite singer to serenade them during the moment.

He gave her a stunning 7-8 carat oval diamond in a solitaire setting, estimated to be worth £600,000.

Oval cut diamonds symbolize uniqueness and individuality.

They are the second most popular diamond shape after the round, and it’s not hard to see why: their elongated design makes them appear much larger than other cuts.

Molly-Mae then explained how Tommy had set up a fake event so she wouldn’t suspect where they were going.

In an Instagram Story, she explains: “Right before we were supposed to leave for a ‘brand event,’ we both got invited to…

“Fake invitations, fake emails, notes from the brand in the hotel room, everyone played along so incredibly well… I’ve never seen anyone pull off such a surprise.

“I was COMPLETELY and utterly fooled.

“It wasn’t until we got to the event, Tommy jumped out of the car and ran away and I got a letter that I realized all was not as it seemed,” she wrote.

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