Matt Grant not okay with Shayne Lamas keeping their engagement ring.

“It wasn’t a ‘gift’ so much,” the British-born financier tells PEOPLE. “It’s not a television or a handbag. It’s a symbol of marriage that didn’t happen.”

Lamas, 22, recently told PEOPLE she planned to keep the 2.85-carat Tacori platinum-and-diamond eternity ring “safe and clean and in a glass box — like a glass slipper.” She claimed Grant was fine with that, adding, “He wants to come over and look at it.”

“We never discussed this,” he says. “I never said it was cool to just keep it. If she said we spoke about it, she just made it up. Sometimes she thinks she can say anything and I’ll go along with it.”

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