As rumours around Ben Affleck and Jennifer Lopez reigniting their old flame continue to burn this week, diamond experts at Steven Stone, have taken a fresh look at the impressive engagement ring he bought for her back in 2002.
Flashing the huge rock in an interview with Diane Sawyer, J-Lo said: “It’s the most magnificent thing I’ve ever seen,” and she’s completely right. The engagement ring is a massive 6.10 carat radiant cut, designed by celebrity jeweller Harry Winston, which reportedly cost Ben Affleck a whopping £855,000 ($1.2 million) at the time.
However, now, as pink diamonds have soared in value, J-Lo’s ring is worth a lot more than it was back then. Our diamond experts estimate it’s worth over double the price now, valuing the ring at £2,000,000 ($2.8million).
Zack Stone said: “There are certain types of diamonds which can make good investments. These include pink diamonds, which are much rarer and generally very expensive, starting from £50,000 to around £10,000,000.
“Pink diamonds have seen the biggest growth in value recently as the Argyle Diamond Mine in Western Australia, the world’s major source for pink and purple stones, closed down at the end of 2020, therefore prices have increased in recent months due to the increased rarity.”
J-Lo’s new Green Diamond engagement ring is also worth millions
As Jennifer Lopez has just announced her second engagement to Ben Affleck, revealing a post on her website, we were keen to get the first look. The images revealed a show stopping green diamond ring, which is unlike anything we’ve seen before.
“Jennifer Lopez’s engagement ring is sensational. With an incredibly vivid colour, it looks like it could be a natural green diamond that’s been enhanced using HPHT temperature treatment, which is a well known method to change the colour of a diamond.
Just like the pink diamond engagement ring she received from Ben Affleck previously, this ring is worth millions. The centre stone is an estimated 9 to 10 carats, with an elongated cushion cut. It also looks to feature two tapered baguettes, making this a three stone ring.
Taking all this into consideration, this is no doubt the most expensive engagement ring we’ve seen in a long time, with an estimated value of over $3,000,000.”
Zack stone, managing director, steven stone
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