French historical theme park Le Puy du Fou bought the 15th-century gold-plated silver ring at auction in London in February for £300,000 but was told after it had arrived in France that it had not obtained the necessary export licence for a historical artefact.
Arts Council England, which oversees the export regulations, said the ring should be returned to Britain.
Puy du Fou president Nicolas de Villiers, whose father Philippe, a French politician, founded the theme park, said there had never been any question of returning the ring.
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