Bridezilla doesn't like her ring.....

First I just want to say that I'm not the kind of person who demands expensive gifts but we do gift each other a lot of things.

I and my boyfriend have been together for 10 years. We live together, and we have a 4yo daughter. I was waiting forever for him to propose. So I was really excited when my sister told me that my boyfriend asked her which kind of ring would suit me and he sent her some pics from Tiffany's. I was super excited and hyped and I kind of guessed that he wanted to propose on our anniversary.

The day comes and I'm really excited. We went out for a romantic dinner, got back and when we were watching a movie he suddenly got down on his knees and asked me if I wanted to marry him. I said yes and then he showed me the ring. It was not even a new one. It looked old and the stones looked average at best. When I asked him about that he told me that his mother gave him her ring. He told me that it had a great sentimental value since his father was the only man his mother ever truly loved and I'm the only woman he'll ever love. His father is no more, and his mother gave it to him.

It's all sweet and cheesy but it doesn't look great. Also, I don't want the begining of my new life to start with a second hand ring. When I told him this, he was very upset and told me that he never thought I was so materialistic and he just left. He's not even answering any of my messages or calls. Was I wrong? AITA?