NY police are trying to find the ring's owners.
A man was doing just that at the United States city's popular tourist landmark and dropped the ring he used to propose to his fiancee.
Comments by netizens have been largely positive, with many saying this is what they love about NY, and others praising the city's police force.
The NYPD Emergency Services could not immediately recover the ring, and the couple left.
NYPD Commissioner James O'Neill used his own Twitter feed in hopes of locating the couple.
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"Help us find the couple who's [sic] marriage proposal went horribly wrong after their engagement ring fell down the drain in #TimesSquare". They managed to pull the ring out of a utility grate on Saturday morning.
"She said Yes - but he was so excited that he dropped the ring in a grate". "Our @NYPDSpecialops officers rescued it & would like to return it to the happy couple".
The woman is blond, and the man is brown-haired and bearded and wearing a gray cap.
'If anyone can find this (un) lucky couple, it's New Yorkers and the millions who visit Times Square'.