Wyatt Koch — the son of billionaire Bill Koch — is suing his ex-fiancée to get back an 8.24-carat ring after she broke off their engagement, according to court documents, reports The New York Post.
Wyatt’s lawyers claim that he purchased the Oscar Heyman cushion-cut diamond with two tapered baguette diamonds for $180,000 in March for Ivie Gabrielle Slocumb.
But come May — after she allegedly “broke off” the engagement — Slocumb kept the rock. Wyatt’s lawyers say the ring’s now worth $250,000, and Wyatt also wants $15,000 in damages.
According to court documents filed in Florida circuit court, Wyatt has “demanded the return of the ring . . . on multiple occasions” and says that the would-be bride “received the ring as a conditional gift. She refuses to return it despite proper demand and the condition not being fulfilled.”
I asked libertarian scholar Dr. Walter Block for his take on the situation. He emails:
I support Wyatt Koch on this. He gave his fiancee that ring conditionally. What was the condition? That she would marry him. But she later delined to do so. Therefore, I think she ought to return the ring to him.-RW