A New York financier once engaged to President Bush’s now-former sister-in-law is suing for return of her eleven-carat diamond engagement ring. Seventy-eight-year-old Gerald Tsai Junior says he and 55-year-old Sharon Bush, who’s lived in the Houston area, agreed to marry in 2006. He says he bought her a rectangular yellow diamond ring from
Saks Fifth Avenue for $243,000. The multimillionaire says the ring is now worth at least $434,000. The suit says he and Sharon Bush agreed she’d return the ring if they decided not to marry. The engagement was called off January 23rd. The lawsuit was filed this week in New York, where Tsai and Sharon Bush have homes. Sharon Bush formerly was married to Neil Bush. They divorced in 2003 after 23 years of marriage and three children, including model Lauren Bush. He’s since remarried.