In Kentucky, engagement ring is “gift in consideration of marriage” which must be returned on divorce. In Walter v. Moore, the court held that a ring given by a man to the woman to whom he was engaged to marry as a token of the engagement is given in consideration of the agreement to marry, although the agreement is not entered into in consideration of the ring being given. Therefore, the man is entitled to the return of the ring upon a judgment of divorce being entered after the marriage of the parties, under Ky. Stats. section 2121, entitling each party to a return of property received before or during the marriage in consideration thereof.
 Walter v. Moore, 198 Ky. 744 (Ky. 1923)