The ring didn't mean a thing! Golden Bachelor's Theresa Nist has to RETURN huge $40K diamond rock following split from Gerry Turner as ex couple reveal prenup bombshell

Golden Bachelor stars Gerry Turner and Theresa Nist shocked fans of the franchise on Friday when they announced their divorce in a joint interview on Good Morning America.

Now there is speculation around the former couple's financial situation and whether or not they will have to divide their assets. 

When it comes to Theresa's huge $40,000 diamond engagement ring from jeweler Neil Lane, the 70-year-old unfortunately has to return it as per her contract. 

'I think that’s the rule, I think I have to give this ring back. Sad to say,' she told host Juju Chang.

The custom ring had as its main stone a princess cut diamond with two longer baguette diamonds on the sides as it was set in gold.

Golden Bachelor stars Gerry Turner and Theresa Nist shocked fans of the franchise on Friday when they announced their divorce in a joint interview on GMA

When it comes to Theresa's huge $40,000 diamond engagement ring from jeweler Neil Lane, the 70-year-old unfortunately has to return it as per her contract

The custom ring had as its main stone a princess cut diamond with two longer baguette diamonds on the sides as it was set in gold

It was further set with 128 small round stones, coming out to 3.15 karats.

The rock looks to be worth about $40,000, Chris Arakel of The Diamond Bank in Los Angeles told DailyMail.com last year.

'The center stone is a generous size and the baguettes are not small, so that is why the price is on the high end,' he shared. 'It has a timeless traditional setting.'

Although she doesn't get to keep the ring, Theresa will be able to hold on to the rest of her assets thanks to an airtight prenup that the pair signed before walking down the aisle. 

She owns a $568,000 home in New Jersey and currently works in financial services.  

On Friday, Gerry and estranged wife Theresa revealed that they're getting a divorce just three months after they tied the knot in a 'dream' ceremony that was broadcast across the nation.

Gerry, 72, and Theresa, 70, announced the news of their split during an interview on Good Morning America, where they opened up about the reasons for their shock separation.

On Good Morning America, Gerry admitted that their decision to separate was motivated in large part by their 'dedication' to their respective families 

Gerry was living at his lake house in Northern Indiana, while Theresa remained in her house in New Jersey (seen), where she'd been living with her family

'Theresa and I have had a number of heart-to-heart conversations, and we’ve looked closely at our situation, our living situation, so forth and - and we’ve kind of come to the conclusion mutually that it’s probably time for us to - dissolve our marriage,' Gerry shared. 

He admitted that their decision to separate was motivated in large part by their 'dedication' to their respective families - hinting that this has made it incredibly difficult for them to decide on a place to settle down together.

Both Gerry, a retired restauranteur from Indiana, and Theresa, a securities professional from New Jersey, have kids from past relationships; he has two daughters and two granddaughters, while she has a son, daughter, and six grandsons.

'The thing that strikes me the most in our conversations, it’s been how dedicated both of us are to our families,' Gerry explained.

'So we look at these situations and I think we just feel like it’s best for the happiness of each of us to live apart.'

However, Theresa insisted that the former couple tried their utmost to reach a compromise that would work for both of their families, revealing that they had looked at different locations across the country in the hopes of finding a ideal home to start their new lives together.

 'The thing that strikes me the most in our conversations, it’s been how dedicated both of us are to our families,' he explained

'We looked at homes in South Carolina, we considered New Jersey, and we just looked at home after home, but we never got to the point where we made that decision,' she said.

'We have received so much love and support from so many people who watched The Golden Bachelor, and I don’t think we can tell you how many people told us that it gave them so much hope,' Theresa added. 'We want none of that to change for anybody.'

When asked if they 'fell out of love,' Gerry insisted, 'No. I still love this person. There's no doubt in my mind, I am still in love with her and still root for her every day.' 

The couple met on the first season of the Golden Bachelor, which premiered late last year, and Gerry proposed during the show's finale.

They then tied the knot in January during a televised wedding, with Theresa gushing in her vows, 'I promise to be your calm in a storm, to comfort you when you're sad, to laugh with you when you're happy, and just stick with you throughout it all.'