All Articles Tagged "engagement ring"
Louis Billittier, 55, who lives in upstate New York ended his 14-month engagement with his future bride through a text. A text! According to the site Gothamist, the break up was motivated by his ex-fiancee’s refusal to sign a prenuptial agreement.
When ex-fiancee, Christa Clark, 38, replied to him stating: “You’re doing this through a text????” Billittier conveniently told Clark, “Plus you get a $50,000 parting ring. Enough for a down payment on a house.” Now to Billittier’s dismay, he wishes he were not quite so “generous.”
His response to Clark was used against him when New York State Supreme Court Judge Buscaglia ruled the ring was not a part of the couple’s marriage deal. Buffalo News writes:
“The state’s established law normally sides with would-be grooms. They have a legal right to claim the ring back if there is no marriage, even if the groom calls off the wedding… Buscaglia called Billittier’s description of the ring as a ‘parting ring’ an indication the ring had become a gift that no longer involved a contract for marriage.”
Although Billittier demanded the engagement ring back after claiming Clark slander his name, Judge Buscaglia stated that by the time Billittier changed his mind, it was too late for his “giver’s remorse.” The judge noted:
“Many gifts are given for reasons that sour with the passage of time… Once a gift is given, it is irrevocable.”
Clark’s 2.97 engagement ring is worth $53,000. So good on her. But where’s the love? This idea that you can break off an engagement — or even a boyfriend/girlfriend relationship or a friendship — with a terse text message is just wrong. Doesn’t the person you once cared about and (hopefully) still respect deserve a little more explanation than that?
As MN reported before, Kris Humphries planned to get rid of his ex-wife’s engagement ring in a New York auction. Estimates claimed that Kim Kardashian’s old trinket would not surpass $500,000 among bidders. Pricing experts were nearly $250,000 off target!
After bids bounced around four buyers, the reality TV star’s 16-carat diamond ring sold for a whopping $749,000, Today reports. However, sources say that NBA player Humphries doesn’t plan on keeping all of the fortune. He plans to donate a portion to charity. “The rep adds that Humphries hasn’t decided on which charity to donate the proceeds to, but that it’s a “top priority” for the 28-year-old basketballer,” Today said.
In defense of those who question whether Humphries had the right to sell the ring, a Humphries rep said. “The ring is indeed Kris’ property that he received through his marriage dissolution. He has long-since moved on and is very much looking forward [...] to returning to the court this upcoming NBA season as a Boston Celtic.”
Kardashian and Humphries got engaged in May of 2011 and wedded on Aug. 20 of the same year. After the marriage lasted only 72 days, the divorce was finalized in June of 2013.
Perhaps it was part of a court order, but if it wasn’t, would you have given the ring back if you were Kim?
You know you’re in love and you know you want to spend your life with your partner — but does getting married help your finances, or leave them worse off? Before you walk down the aisle and commit to each other “for richer or for poorer,” make sure you understand the financial ramifications of your nuptials. That knowledge will help you set out on a “for richer” journey together.
The Financial Pros of Getting Married
In addition to commitment and a beautiful ceremony, marriage carries economic incentives as well. Major benefits of marriage include:
- Joint health insurance: If one of you has a great health insurance policy through an employer and the other doesn’t, getting married might be the easiest way to ensure both of you are covered. Not all employers allow adding a domestic partner to your health insurance policy.
- A bigger home: Assuming both you and your future spouse are employed, applying for a mortgage together will increase your chance of getting approved for a larger amount (and, consequently, enable you to buy a bigger home). Of course, bigger won’t necessarily be better if you overextend yourselves. The same applies to renting a home: your landlord will take both incomes into consideration, but make sure you’re not spending more than you can afford.
- Death benefits: The IRS generally does not tax spousal inheritance, except in the case of the very wealthy. Further, you might receive benefits such as Social Security and pension, which are generally not available to unmarried couples.
The Financial Cons of Getting Married
Some potentially serious financial problems arise when you walk down the aisle. Considering the ramifications before you get married is essential for planning the best financial future for you and your spouse.
- Money management: If partner has trouble managing money wisely, trouble can ensue for both.
- The marriage penalty: Simply put, because one spouse’s income will be tacked on top of the other for tax purposes, their whole income will fall within higher tax brackets compared with each of you filing single. However, higher deduction limits largely offset the marriage penalty, so it shouldn’t be a major concern. If in doubt, you can always discuss the details with an accountant or run joint vs single filing scenarios through your tax preparation software.
- Liability: Financial judgments on joint accounts affect both spouses. If your partner goes bankrupt or doesn’t pay bills on joint accounts, you can be held financially liable.
Read more at YourTango.com
What Would You Do For A Ring? NY Post Reporter On Quest To Make 300 Sandwiches To Get A Ring From Her Man
So what does she say to that backlash? “First of all, he does most of the cooking in our house. And second, if he wasn’t the type of guy worth making one sandwich, I wouldn’t be making 300 sandwiches.” So she will continue making those sandwiches for her man, and she does say that since she started this quest, she’s found a new appreciation for cooking and food. She’s made almost 200 sandwiches since starting last year.…people in relationships do nice things for each other, but not “for a ring”, they do it because they love each other and WANT to, putting caveats on how to “get” an engagement ring makes me want to barf, its 2013 girl, grow a pair. This makes for an incredibly uncomfortable read. If he loved you, he’d marry you ‘sammies’ or not. End of.
“Though I still want to get engaged and get married and live happily ever after, I’ve also put less pressure on the race to the 300th sandwich and I’m enjoying the cooking experience with Eric.”And Eric is loving every minute of it, giving his lady–and readers–this tip:
“You women read all these magazines to get advice on how to keep a man, and it’s so easy…We’re not complex. Just do something nice for us. Like make a sandwich.”Well, she better get that ring then. And a fat one. But if she doesn’t, I at least see a book deal on the horizon from this story alone… I’m all for cooking because you like doing something nice for your partner, but cooking for the purpose of proving that you’re worth being a wife? That I’m not so sure of. What do you think? Check out Smith’s site, 300sandwiches.com, and her story over at the New York Post.
In a last-ditch effort to show America he’s completely over his ex-wife, Kim Kardashian, Kris Humphries is wiping off the last residue of their failed 72-day-long marriage by auctioning off her diamond engagement ring, US Weekly reports.
The ring is going up for sale at Christie’s auction house in New York City on October 15th. The 20-carat Lorraine Schwartz engagement band is set to reel in between $300,000 and $500,000.
Humphries was not specifically named as the seller, but according to a source in US Weekly, “The ring in question is identical to the one Kardashian wore during her brief engagement and marriage to the athlete.”
The magazine also has details about the ring. “A rep for Christie’s confirmed to the site that the bauble up for auction is a Lorraine Schwartz creation with a 16.21-carat center diamond and two 1.80-carat side diamonds — the exact dimensions of Kardashian’s ring. The auction house could not disclose the seller’s name but said it was ‘a gentleman,’” it says.
Due to client confidentiality, Kris Humphries could not be named, but a close friend of the Kardashians tells US Weekly that the auctioned gem is 100 percent the same ring. “Kim has been waiting for the day he would auction it. Everyone always asked what Kim did with the ring — she silently gave it back over a year ago! And Kris waited until the divorce was final to sell it.”
Although the auction house plans to sell the ring for a half a million dollars, US Weekly says that the ring is worth $2 million.
Yeah, so while you were working, this happened.
Producer DJ Khaled, aka, Khaled bin Abdul Khaled, known for saying “WE THE BEST! WHO? WEEEEEE N***A!” (still don’t like that), went to MTV news, ring in tow, heavy chain on, to propose to Nicki Minaj. That doesn’t make very much sense considering we’ve never seen them together aside from in music videos, and she was suspected to have been dating her sidekick Safaree, aka, SB. But after watching the video, and shuddering a few times, he does seem DEAD serious. Here’s what he said:
“Nicki Minaj, I’m at MTV. I love you. I like you. I want you. I want you to be mine. I’m here at MTV because it’s a worldwide network. Only reason I’m not telling you this face to face is because I understand that you’re busy. I’ma be honest with you, I wanna marry you.
I’m here today at MTV. Nicki Minaj, will you marry me? We got the same symptoms, we both suffer from success. You out their touring, you’re out their hustling, you’re out there making music and you’re out their winning. And I understand. That’s why I feel like you need a man like me in your life that’s gon’ take care of you and respect you. If you have to take your time and think about it, I overstand. But I know I have to be here today to let you know how serious I am and how serious this is to me. I want to let your fans know, my fans know, my family, your family, that I want to marry you. I been working hard for this ring. I would have proposed to you last year at “Take It To The Head” video. I wanted to tell you, but you know, things got better for me. I prepared for this day, so I went and got this ring. Nicki Minaj, will you marry me?”
Whoa. But this could of course be a publicity stunt. His new album, Suffering From Success drops September 24, so he could be trying to connect himself with Nicki to put attention on his new album. But if he’s serious, he might have to deal with Scaff-Breezy first. No response yet from Nicki, but we’d be hella surprised if she said yes…
Check out the video clip below:
Hey Damon, What do you do when a guy says he doesn’t want to buy you any kind of ring for fear of what your friends and family will think of the value? So therefore he’s saving an undisclosed amount of money in order to buy one. We’ve been together for 3 and a half years and he says I’m his wife and I was sent and meant for him. He loves me, respects me and inspires me. We are in love…it’s just that everyone else is getting married and we’re 38 years old. Time is of the essence. #AnxiouslyWaitingForTheRing
“We like diamonds because Gerold M. Lauck told us to. Until the mid 20th century, diamond engagement rings were a small and dying industry in America. Nor had the concept really taken hold in Europe. Moreover, with Europe on the verge of war, it didn’t seem like a promising place to invest. Not surprisingly, the American market for diamond engagement rings began to shrink during the Great Depression. Sales volume declined and the buyers that remained purchased increasingly smaller stones. But the US market for engagement rings was still 75% of De Beers’ sales. If De Beers was going to grow, it had to reverse the trend. And so, in 1938, De Beers turned to Madison Avenue for help. They hired Gerold Lauck and the N. W. Ayer advertising agency, who commissioned a study with some astute observations. Men were the key to the market”
“We covet diamonds in America for a simple reason: the company that stands to profit from diamond sales decided that we should. De Beers’ marketing campaign single handedly made diamond rings the measure of one’s success in America. Despite its complete lack of inherent value, the company manufactured an image of diamonds as a status symbol. And to keep the price of diamonds high, despite the abundance of new diamond finds, De Beers executed the most effective monopoly of the 20th century. Okay, we get it De Beers, you guys are really good at business!”Personally, I find the diamond engagement ring to be rather passe – even without the history lesson. I mean, if a dude is hell-bent on showing his intent to marry by his financial procurement, I would rather set my own bride price and give him a list of what I really want. Top of that list would be the payoff amount of my student loans. And it is my hope that my husband-to-be and I would be more creative in our branding of one another – perhaps even an actual brand (ie. matching tattoo). After all, marriage is supposed to be forever. And if I do get around to getting married, it will be forever or I’m not doing it at all. Matter of fact, I haven’t worn, or even desired, any part of that stone since the day I learned the meaning behind the term conflict diamond. More specifically, despite the assurances from the diamond industry by way of the Kimberly Process, it is nearly impossible to determine which diamonds were and were not conflict-free. Suddenly, the egregious human rights abuses of mostly Africans for the sake of shiny little rocks didn’t seem all that appealing. Definitely not romantic – and no, I don’t care if he went to Jared…