Unlike in the US, Ontario courts have used different approaches when determining the ownership status of engagement rings - and much of their determination rests on an assessment of whether the ring was gifted absolutely, or conditionally in contemplation of marriage. The Impala however, was not tied to their intended marriage, and therefore did not have to be returned or exchanged.Īs if Iggy did not already make off like a bandit, she could have potentially driven a much harder (and more successful) bargain if she lived in Ontario. Pursuant to California law, an engagement ring is "a gift in contemplation of marriage" and must be returned to the donor if the wedding is later called off - so Iggy was legally obligated to return the ring. Although the car is worth much less than the ring, Nick nonetheless ended up with the shorter end of the deal. Iggy has reportedly given the ring back to Nick, in exchange for the 1962 Impala that she gifted him for Christmas. The couple got engaged a year ago, when Nick proposed with a beautiful big rock - a custom 8.15 carat yellow diamond engagement ring - that is valued at approximately half a million dollars. Iggy called of their engagement earlier this month… tweeting that ".although I love Nick and have tried and tried to rebuild my trust in him - it's become apparent in the last few weeks I am unable to".
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