engagement ring

noun
a ring, often a diamond, given by a man to his fiancée at the time of their engagement as a token of their betrothal.

Origin:
1860–65

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
engagement ring
 
n
a ring given by a man to a woman as a token of their betrothal

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
The wedding ring must not be put above the engagement ring.
The cautionary tale of my ruined engagement ring, with a foray into the science
  of gold and diamonds.
Last seen in the company of a blond shiksa with an engagement ring.
It used to be that only a price tag could dissuade a would-be fiancé from
  buying a diamond engagement ring.
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