The ring didn't mean a thing! Golden Bachelor's Theresa Nist has to RETURN ... trends now
Golden Bachelor stars Gerry Turner and Theresa Nist shocked fans of the franchise on Friday when they announced their divorce in a joint interview on Good Morning America.
Now there is speculation around the former couple's financial situation and whether or not they will have to divide their assets.
When it comes to Theresa's huge $40,000 diamond engagement ring from jeweler Neil Lane, the 70-year-old unfortunately has to return it as per her contract.
'I think that’s the rule, I think I have to give this ring back. Sad to say,' she told host Juju Chang.
The custom ring had as its main stone a princess cut diamond with two longer baguette diamonds on the sides as it was set in gold.
Golden Bachelor stars Gerry Turner and Theresa Nist shocked fans of the franchise on Friday when they announced their divorce in a joint interview on GMA
When it comes to Theresa's huge $40,000 diamond engagement ring from jeweler Neil Lane, the 70-year-old unfortunately has to return it as per her contract
The custom ring had as its main stone a princess cut diamond with two longer baguette diamonds on the sides as it was set in gold
It was further set with 128 small round stones, coming out to 3.15 karats.
The rock looks to be worth about $40,000, Chris Arakel of The Diamond Bank in Los Angeles told DailyMail.com last year.
'The center stone is a generous size and the baguettes are not small, so that is why the price is on the high end,' he shared. 'It has a timeless traditional setting.'
Although she doesn't get to keep the ring, Theresa will be able to hold on to the rest of her assets thanks to an airtight prenup that the pair signed before walking down the aisle.
She owns a $568,000 home in New Jersey and currently works in financial services.
On Friday, Gerry and estranged wife Theresa revealed that they're getting a divorce just three months after they tied the knot in a 'dream' ceremony that was broadcast across the nation.
Gerry, 72, and Theresa, 70, announced the news of their split during an interview on Good Morning America, where they opened up about the reasons for their shock separation.
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