Would You Return A Lost 12 Carat, $200,000+ Diamond Ring?
You might have heard recently that an unemployed architect by the name of Mark Epple found a whopping 12 carat, yellow diamond ring when he and his family was skiing in Vail. The first thing that came to mind was who wears a 12 carat diamond ring? That must be so gaudy! My second thought was what is an unemployed guy doing spending thousands of dollars flying his family to Vail to go skiing? Each lift ticket costs $100, not to mention lodging and food for the family. Finally, I wondered whether I would return the 12 carat diamond ring if I was unemployed.
It’s easy to argue not to return the ring. Anybody who can afford a 12 carat diamond ring probably isn’t hurting for money. It turns out the original owners have a vacation home near Vail, so that sort of proves the point. Based on the new rule of engagement ring buying, a husband can get away with spending up to the value of his car for his bride to be. Cheap car, cheap ring!
And based on my 1/10th rule of car buying, one doesn’t spend no more than 1/10th their annual gross income on a car. In other words, this couple is earning at least $2,000,000 a year. Furthermore, they probably have personal property insurance coverage like so many do with expensive jewelry.
It’s also easy to argue for why one should return the ring. If you lose something of value, you certainly hope someone will have the decency to return what doesn’t belong to them. I’ve lost everything under the sun before and am so grateful when someone returns my lost item. Furthermore, it’s not like you can easily sell a 12 carat diamond ring without bringing any attention to yourself. The largest engagement ring I’ve ever seen is 6 carats, and that was just ridiculous. Finally, if you do happen to return something of great value, more often than not the person will likely reward you for your good deeds.
What would you do?