Bushwhacked

Guys, when you are planning to give a ring to that certain someone to begin a wonderful life of watching sunsets, raising children and fighting over the TV remote, remember a key point:

Don’t spend more for the ring than you would for a house.

A multi-millionaire once engaged to marry the former sister-in-law of President Bush made that mistake. Now the gentleman — make that the elderly gentleman, Gerald Tsai Jr., 78 — is out a big chunk of change.

Tsai is suing Sharon Bush, 55, for the return of the engagement ring. He bought the 11-carat yellow diamond from Saks Fifth Avenue for $243,000 and now says it’s worth $434,000.

Whatever the real value, that is one pricey rock.

Sharon Bush, for those of you who are weak on Bush family genealogy, was once married to Neil Bush, who is the brother of George Bush, the current president who is the son of George Bush, a former president. Got that?

Tsai was born in Shanghai, China, and began his investment career at Bache & Co. Over the years, he bought, sold and ran several companies and become quite wealthy.

Yet if he’s so smart, how did he end up giving a six-figure engagement ring to a woman who would not become his wife. ... And how can a 78-year-old man be named “Jr.”?

The Bush family doesn’t need any more scandals. They should let him spend a few weeks at Kennebunkport each summer and call it even.