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The Top 10 Most Expensive Celebrity Engagement Rings

Q Report Team

Updated on March 17, 2025
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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.

Beyonce

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.  

Try our free Jewellery Insurance Quote Tool

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

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Jewellery Insurance

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play-audio
Listen to article
/

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.

Beyonce

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.  

Try our free Jewellery Insurance Quote Tool

Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

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Sapphire

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Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Export
Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

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Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

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Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

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Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

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