Ok, ok! Two of you seem to think that I'm having a personal go at you, and really I'm not!
Blue Suede, I have already said that I think in your case, considering it was a more or less mutual decision, and that you did offer him the ring back at the time, that you should hang onto it if you that's what you want to do. He was given the opportunity to have it back and he declined. I see no reason why he should be given a second chance.
Confuddled, I have no personal axe to grind and if you paid for your ring and the wedding and he constantly took from the wedding fund and left you in debt, then of course you should keep it! That would most definitely come under the, "good reason for breaking it off" I mentioned.
I am talking generally inasmuch as, if the groom to be bought the ring, as is tradition, and spent a good month's worth or more of his annual salary on it, and the bride to be breaks the engagement for no other reason than she's, "gone off him/the idea of marriage", then she should, morally, I think, offer him the ring back.
As the law stands it is far more difficult for a man to get the ring back in the latter case than it would be for the woman to hang on to it if the law was changed. Possession is, after all, nine tenths of the law anyway and he would have to resort to a court case to get it back which would be costly and, in cases like Confuddled's, very difficult to win. As things are, a woman can walk off with a very expensive item that the man has invested a great deal of money in and he can't even fight legally to get it back and that, imo, is not right.
I hope my position is now clearer? 