Ruby: Does a locked object stay locked if an exception occurs inside it?

I am using with_lock to lock the block of instruction where I am going to call update_all. If an exception is raised inside the block, does a locked object stay locked?

For example, validator:handle_conflict raise the exception ActiveRecord::StaleObjectError, will with_lock release the lock? If it doesn't release lock, how to release the lock when exception is raised?

validate :handle_conflict, only: :update_all


  def set_total_and_buckets_used
    begin
      /////

      else
        self.with_lock do
          self.reload
          attributes["updated_at"] = Time.now.utc
          Product.where(:id => self.id).update_all(attributes)
          self.attributes = attributes
        end
      end
    rescue ActiveRecord::StaleObjectError => e
      if tries < MAX_RETRIES
        tries += 1
        sleep(1 + tries)
        retry
      else
        raise Exception.new(timeout.inspect)
      end
    end
    attributes
  end


  def handle_conflict
    if self.updated_at.to_f > original_updated_at
      @original_updated_at = nil
      raise ActiveRecord::StaleObjectError.new("Car is changed while you were editing")
    end
  end