So, Nick Viall And Vanessa Grimaldi's 'Bachelor' Engagement Is Off - What Happens To The Ring?

As a surprise to absolutely no one, Nick Viall and Vanessa Grimaldi called off their engagement Friday, after less than a year together.

In a joint statement released Friday to TooFab, the couple said: "It's with a great amount of heartbreak for the both of us as we have decided to end our engagement. We gave this relationship our all and we are saddened that we did not get the fairytale ending we hoped for. We will continue to be there for each other no matter what. This hasn't been an easy decision, however, as we part ways, we do so with lots of love and admiration for each other."

The couple met and got engaged on Season 21 of "The Bachelor". Viall proposed to Grimaldi with a 3.75-carat ring from Neil Lane that had a steep price tag of $93,000.

But, now that the couple is dunzo, what happens to the gorgeous ring? Well, they have to give it back.

Though host Chris Harrison joked to ET that the "rings go to heaven" after couples split up - he did confirm that at some point, they must be returned to production, and later back to designer Neil Lane.

"The rings that are given back go back to [the production company] Next Entertainment or whoever," Harrison said. "There is probably a vault or a bucket of just rings."

"Here's the thing, what do you do with those rings? You don't want one. You cant give it to the [next] girl you love, because that's a tainted ring and it obviously didn't work out. That's bad juju. So I don't know what you do with those rings," Harrison added. "Maybe we sell them back to Neil Lane."

Speaking of bad juju - recycling rings IS something they do on "The Bachelorette." In fact, the ring that Viall proposed with is the exact ring that "Bachelorette" runner up Robby Hayes intended to give to JoJo Fletcher when he was one of the final two contestants on her season of the show.

"I bring six rings, and over the years, over the nine years, some are the same, some have changed settings or are redesigned, and some are totally new," Lane confirmed.