Whether you're single, taken, or somewhere in between, JCPenney is giving all lovers the opportunity to get rid of a jewelry item given by an ex in exchange for a " ½-carat lab-grown diamond necklace set in 14k yellow gold over silver," through the "JCPenney Ex-Change," a press release explained. According to the one-day event's website, those looking to take advantage of the opportunity can visit any participating JCPenney location on Saturday, Feb. 14, from 1 to 3 p.m. The JCPenney Ex-Change advertisement. Exchanged jewelry must be owned by the customer, and all transactions are final and are limited to one exchange per person. Those who are not near a participating store can still have some fun on Valentine's Day with "The Perfect Ex-Cuse Discount."