While some reports claim that Hemsworth wants his former fiancée to keep the sparkler, a source exclusively tells E! News that while Cyrus is still in possession of it, she "hasn't decided" what she will do with it.
The item in question is a 3.5-carat diamond ring from jeweler extraordinaire Neil Lane, which the Hunger Games star gave to the "Wrecking Ball" singer when he popped the question back in May of 2012.
"I'm so happy to be engaged and look forward to a life of happiness with Liam," Cyrus told People at the time.
Cut to this week, of course, when Cyrus' rep confirmed to E! News that the couple had ended their almost four-year relationship.