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Loss of value on engagement ring

Some of you know I split from my controlling fiance. I've given him the ring back. He e-mailed me today saying that he has spoken with some legal advice service and because the ring is now worth less I'm liable for the difference.

He is asking £250 as apparently thats the difference between what he paid and whats been offered and because I cancelled everything I am liable.Is he right? Am I liable for this shortfall.

He also said I am liable to give him his contribution back to wedding costs. As I paid for everything he surely isn't expecting me to give him half of nothing!
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