I'd say there's a very strong possibility here that he will claim the ring's just a token of his friendship, yet he will deep inside allow himself to think that somehow this diamond ring will eventually make you jump into his arms.
And if nothing were ever to happen, would he hold it against you, because you accepted the ring and then never "delivered"?
If you ask me, accepting this ring is bad news, plain and simple.
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Who is John Galt?
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