Jennifer Lopez and Alex Rodriguez got engaged a few days ago but amidst the great news, the buzz right now is how much the ring could have cost. The 49-year-old singer announced her happy news via an Instagram post, revealing a picture of her sparkling engagement ring on the photo-sharing platform.

According to E!, the ring could be approaching a million dollars. “J. Lo’s new emerald cut stunner is what engagement ring dreams are made of,” Andrew Brown, President of WP Diamond told E. “An approximate 15-carat diamond sparkles in a platinum solitaire setting and could easily retail for $1 Million.”

A third ring expert told E! News that her ring could be worth even more than $1 million. Ira Weissman, founder of The Diamond Pro explained, “This approximately 20 carat emerald cut diamond is exquisitely cut and of superb quality. When you have an extremely rare and timelessly breathtaking stone such as this one, the goal of the ring should be to show off the rock naturally with as little embellishment as possible – the perfect compliment to the ageless enduring beauty of J.Lo. The ring is worth approximately $5 million dollars.”

A few months ago, the singer upon releasing a Spanish single, “El Anillo,” which is all about ladies who are ready to get an engagement ring from their man, opened up about the pressure of dating and everyone expecting you get engaged.

 

This is not the first time Jlo is getting an expensive engagement ring. When Marc Anthony gave ex-wife Jennifer Lopez the engagement ring, cost of the diamond ring was $4 million. The massive 8.5-carat ring had one of the rarest diamonds in the world. She is clearly a fan of the huge stones on her fingers and all her men know this.