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Jewellery Insurance

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Engagement Rings

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Helpful Resources

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beyonce wedding ring diamond

Celebrities are known for their extravagant lifestyles—whether it’s homes, holidays, cars or parties—they usually go above and beyond the norm. And of course, expensive jewellery is no exception.

Here are some of the most expensive celebrity engagement rings:

Mariah Carey

It’s no secret that Mariah Carey is a bit of a diva, so of course billionaire James Packer had to wow her with a 35-carat diamond and platinum ring. The estimated value is a whopping AUD$12 million (pocket change for a billionaire).

mariah carey

The couple got engaged in January after less than a year of dating, and sadly didn’t make it down the aisle. The ring however, will go down in history as one of the most expensive engagement rings in the world.

Elizabeth Taylor

When you write a book titled ‘My Love Affair With Jewellery’, one can only expect you to have a fine selection of jewels. Elizabeth Taylor’s most famous piece of jewellery is the Elizabeth Taylor Diamond, a D-color potentially flawless 33.19-carat Asscher cut diamond originally known as the Krupp Diamond. The diamond was given to her by Richard Burton in 1968 and was auctioned for AUD$10 million in 2011. However, it’s expected to be worth much more today.

Kim Kardashian West

Kanye West proposed to Kim Kardashian with a 15-carat, cushion-cut, D-flawless diamond designed by Lorraine Schwartz. D-Flawless and type 2A diamonds are said to be the purest and most valuable type in the world, and the ring is rumored to be worth AUD$9.9 million.

Kim Kardashian West

In 2016, Kanye West upgraded Kim’s engagement ring with a 20-carat Lorraine Schwartz ring, but it was stolen from her at gunpoint in a Paris heist.


Jay Z liked it, so he put an 18-carat, emerald-cut diamond ring on it. The ring was designed by famous celebrity jeweler Lorraine Schwartz, and is said to be worth AUD$6.2 million. Set on a platinum base with an elegant, simple design, this is certainly a ring fit for Queen Bey.

Paris Hilton

The engagement only lasted four months, but Paris’ fiance Paris Latsis gave the hotel heiress an astonishingly large 24-carat, AUD$5.8 million engagement ring. After they broke up, she auctioned off the ring and donated the funds to the victims of Hurricane Katrina.

Paris Hilton

Jennifer Lopez

Her love might not cost a thing, but the 6.1-carat Harry Winston pink diamond engagement ring cost her then-fiance Ben Affleck around AUD$1.4-$3.1 million. However, the 8.5 carat blue diamond ring given to her by Marc Anthony steals the show, which is rumoured to be worth $5 million.

Grace Kelly

When your fiance is literally a prince, you can expect a gorgeous, timeless ring fit for royalty. Prince Rainier proposed to Grace Kelly with a Cartier ring made up of a 10.47-carat, emerald-cut diamond flanked by two baguettes. It’s rumoured to be worth AUD$5.7 million.

Grace Kelly

Vanessa Bryant

American basketball player Kobe Bryant gave Vanessa Bryant an 8-carat purple diamond ring valued at AUD$4.9 million. This isn’t the ring he initially proposed with, but he gave it to her as an ‘apology’ ring after a cheating scandal.

Jacqueline Kennedy Onassis

The Lesotho III diamond engagement ring was given to Jacqueline Kennedy by billionaire Aristotle Onassis in 1968. The near-flawless 40.42-carat marquise-cut diamond got its name from the famous 601-carat Lesotho rough diamond, and was the third-largest gem cut from it. in 1996, the ring was auctioned for AUD$3.2 million.

Blake Lively

Hollywood actor Ryan Reynolds proposed to Blake Lively with a 12-carat oval cut flanked by tiny stones for some added sparkle. Blake is one of the first Hollywood stars to wear a rose-gold band and may have even started a trend. The ring is reportedly valued at around AUD$2.4 million.

Blake Lively

Whether your engagement ring cost you millions, or a fraction of that, it will always be something that is valuable to you. Kim Kardashian’s Paris heist proves that not even heavily protected celebrities are exempt from theft or loss of their jewellery. Make sure you get diamond ring insurance by people who know jewellery – like Q Report.  

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Keep up to date with the latest jewellery trends, insights and inspiration from Q Report.

Engagement Ring Budget Calculator

What you need to save to meet your timeframe and budget is:

This has not taken cut, colour, clarity or carat, your financial situation or your partners taste into account. There are many factors that can reduce or increase the value of an engagement ring.

Not sure where to start?

Speak with one of our Q Certified Jewellers to find out what you can afford, what your partner is looking for and what will financially work best for you.

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