Generally rings are considered personal items (like clothes, shoes, purses, other jewelry), as such they usually stay with the person who uses/wears them. Also, a wedding ring, an anniversary ring, a ring given as a gift were meant to be given to that person, they aren't marital property, they are sole property (gifts). However, if there is a very large value to certain jewelry, your friend may be able to argue that it wasn't a gift and it is community property, and therefore there should be an offset with other property, so that they each end up with equal amounts of community assets and debts.
Answered on Apr 15th, 2014 at 11:26 AM