Miley Cyrus To Keep $250K Ring From Ex-Fiance Hemsworth

Miley Cyrus is hanging on to the $250,000 engagement ring that former fiance Liam Hemsworth gave to her in May of 2012. While the engagement is off, the Hunger Games star told Cyrus to keep the 3.5-carat gold engagement ring as a memento and Cyrus has done just that.

"[Liam] wants Miley to keep the ring," a source told "He wouldn't ask for it back. Liam told Miley to keep it and do with it what she wanted. He told her to keep it as a memento of their love affair."

A source confirmed to E! News that Cyrus has not returned the ring: "The ring has not been returned to the jeweler, Neil Lane. . . . Generally, the protocol is for the bride to keep the ring. It's up to her whether or not she wants to return it or keep it as a memento."

Hemsworth was worked closely with the ring's designer Neil Lane to come up with a very distinct design back in 2012. The cushion cut diamond is in a vintage gold setting flecked with tiny diamonds.

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