Celebrities are known to be lavish spenders across the board, and this holds especially true for their choices when purchasing engagement rings. Take a look at some of the most expensive engagement rings celebrities have purchased to date. What do you think should be an ideal cost for a ring? Would you ever be willing to compromise the cost of your ring so you could put the money into savings, where it could accrue over time? Or are engagement rings, ideally once-in-a-lifetime purchases, worth taking the plunge for?
Beyonce Knowles and Jay-Z, $5 Million
When Jay-Z presented this 18-carat flawless diamond in a platinum setting to Beyonce, he also gave her a $5,000 imitation to wear to parties and shows so as to not lose the real ring. The ring’s designer, Lorraine Schwartz, has also designed rings for Christina Aguilera, Jennifer Lopez, and Jessica Simpson.
Paris Hilton and Paris Latsis, $4.7 Million
After six months of dating, Paris Latsis, a Greek shipping heir, presented Paris Hilton with this 24-carat emerald-cut diamond ring in 2005. The engagement lasted five months. The ring was then auctioned off for less than half of its purchase price, with the proceeds of the sale going to help victims of Hurricane Katrina.
Donald Trump and Melania Knauss, $3 Million
Donald Trump presented a 15-carat diamond to Melania Knauss in 2004—its $3 million price was record breaking at the time.
Mariah Carey and Nick Cannon, $2.5 Million
Nick Cannon presented Mariah Carey with a unique Jacob and Co. 17-carat emerald-cut diamond valued at $2.5 million.
