Shayne Lamas and Matt Grant over what to do with engagement ring

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HER STORY: Bachelor Ex-Fiancée Shayne Lamas Wants to Keep Engagement Ring

The engagement has ended, but former Bachelor fiancée Shayne Lamas says she has every intention of keeping the ring.

In the first interview since announcing her split from The Bachelor: London Calling’s Matt Grant, Lamas says she has prepared a permanent home for the 2.85-carat Tacori platinum-and-diamond eternity ring now that it’s off her finger.

“I have it and I am going to keep it forever for the rest of my life,” Lamas tells PEOPLE. “It’s safe and clean and in a glass box like a glass slipper.”

And according to Lamas, Grant has no problem with that arrangement. “Of course (he doesn’t),” she says. “He wants to come over and look at it.”

Fans of the ABC reality show watched Grant get down on bended knee and present the ring to Lamas with the winning rose in the final episode of The Bachelor.

But a month after the episode aired, the two were no longer living together. While dogged with persistent Internet reports of discord, Lamas insists the two never had to deal with infidelity.

“I did not cheat on Matt,” insists Lamas. “I would never, ever cheat on Matt. He was my fiancé.”

The break-up came on the heels of reports that Lamas was spotted partying in Vegas with a local businessman. But according to Lamas, the two had already split by then.

“I want to clear this up 100 percent. That [Vegas trip] had nothing to do with our break-up,” says Lamas. “I was in Vegas with friends. Matt and I had already broken up. So I was a single 22-year-old woman having fun.”

Upon her return from Vegas, Lamas says the couple announced their split to the public. Though they are no longer an item, Lamas insists she and Grant are still amicable and talk “daily.”

“If I find the man, I’ll do it,” says Lamas, who plans on being “single for a while,” but is not counting out marriage in the future. “But I’m going to give this the two-year test. And then marry him. I think I’ve learned that two months is a little too short.”
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HIS STORY: But, Bachelor Matt Grant says: It’s Not Cool to Keep My Ring

Despite his ex-fiancée’s claims, Bachelor Matt Grant is definitely not okay with Shayne Lamas keeping their engagement ring.

“It wasn’t a ‘gift’ so much,” the Birtish-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.”

But the star of The Bachelor: London Calling insists that conversation never took place.

“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.”

Almost as soon as the final rose was presented, Grant and Lamas were dogged by rumors of romantic discord. They finally announced their split earlier this month.

Grant, 27, says he doesn’t want the ring back. But he does think Lamas — daughter of TV’s Lorenzo Lamas — should auction off the bauble for charity.

“Let’s have something good come out of this,” he explains. “Why hold onto it? What’s the point?”

Grant’s new proposal: Auction off the ring and have each donate their half of the proceeds to a favorite charity. (Grant’s pet cause is the abolition of puppy mills).

Grant says that the show’s sponsors paid for the engagement ring, which he valued at $65,000. So it’s not his money at stake.

“But at the end of the day, it was mine to give to her,” he argues. “And thus I’m like, ‘C’mon!’ I’m sure Shayne will agree it’s best going to charity.”
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