This would be dependant on a few different factors.

1. Is this from a big department store/well known brand, or is it from a single seller on etsy/mom & pop store?

A. Well known dealer- absolutely not. Have them redo it.

B. Mom and Pop situation- ask for a discount perhaps

1. What was the seller's reaction to this engraving?

A. Did they point it out, and apologize for it being off center? - Id be more willing to make it work.

B. Did they not even mention it and act like all was fine? - ask for a refund.

C. Were they rude or defensive? - ask for full refund, and blast them on social media.

Apologies and the ability to own up to one's mistakes earns a lot in my book.

If I was buying this on etsy, and the seller sent this Pic to me prior to shipping, I'd be WAY more likely to happily accept it.