The thing that says the ring is "cheap" is that the stones are SI1 and SI2, the SI is for "slightly imperfect". He can afford a VS or a VVS, Very Slight or Very Very Slight Imperfections.
Sorry Debbie, the ring says it all, he didn't even think you were close to perfect.
How sad!
YIKES!
Maybe this also says she bought a $4000 ring for herself and is now saying Michael bought it to get a 400k return from the notoriety of the trial.
I'm doubting that Michael was the source of this ring.