Katy Perry S Engagement Ring Could Be Worth Up To 5 Million

No one knows for sure how much Bloom paid for the ring, which appears to be a large ruby surrounded by eight diamonds. But one estimate came from Diamond Pro CEO Michael Fried, who told Money magazine that the ring cost at least $250,000: “Not only is the ruby stunning, but they did an amazing job incorporating larger diamonds in the floral pattern halo.”

  full bloom A post shared by KATY PERRY (@katyperry) on Feb 15, 2019 at 2:07am PST But Fried’s estimate is on very low end of the spectrum. WP Diamonds president Andrew Brown says it’s likely to be worth some 20 times that much at $5 million. As he put it to E! News: “Katy’s unbelievable engagement ring from Orlando Bloom would retail in the range of $5 million…What looks to be a 4-carat fancy vivid pink oval shaped diamond arranged with eight white diamonds around it to assemble a flower ‘in bloom’ — this ring is truly one-of-a-kind and wildly valuable.” Compared to what the average consumer pays for an engagement ring – less than $2,000 – the ring is outrageously expensive, but it fits right in among the current trends for celebrity engagement rings in recent years. If it did indeed cost as much as $5 million, it would be the same price paid for Beyoncé’s 24-carat engagement ring, which is currently ranked as the third most expensive celebrity engagement ring of all time. The only celebrities to surpass that margin? Elizabeth Taylor, who received a 33.19-carat ring worth $8.8 million, and Mariah Carey, who comes in at number one with a 35-carat ring valued at $10 million.