J Lo Has Not Returned Engagement Ring to A-Rod

J Lo and A-Rod may have broken up, but there are still some housekeeping matters to tend to  …. notably, who gets the $1.8 million engagement ring?

Sources with direct knowledge tell TMZ … J Lo still has the ring in her possession. As you may know, an engagement ring legally is a “gift in contemplation of marriage.” When the couple breaks up before hitting the alter, in most states the dude gets the ring back.

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Our sources say there’s been no discussion between J Lo and A-Rod over the fate of the ring. However, our sources are quick to add … the former couple exchanged “massive amounts of jewelry.” A-Rod bedazzled J Lo with all sorts of bling, and she fortified his massive watch collection. So, they could just call it a wash, but they haven’t decided yet.

We’re told the engagement ring is NOT in the Dominican Republic, where J Lo’s been shooting a movie. She didn’t want it lying around every day while she films … for security reasons.

Our sources say there will be no conflict over jewelry … they are getting along well, and even plan to stay in business together, so don’t look for J Lo and A-Rod on a “Judge Judy” episode.

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