Last month we received word that Kris Humphries was indeed auctioning off Kim Kardashian’s engagement ring. The big day has finally arrived as the $2 million Lorraine Schwartz diamond has officially been sold for a shocking amount!
So what did the bidder snag the bauble for in total? $740,000! Even being worn by Kim herself, the creation was only expected to sell for $300,000 to $500,000—props to Kris for landing almost $200,000 more. With a beautiful 16.21-carat center diamond and two 1.8-carat side diamonds, we’re happy the gem earned the higher re-sell value it deserves.
So why did Kris wait this long to sell the ring? According to a source at US Weekly, “Kim has been waiting for the day he would auction it. Everyone always asked what Kim did with the ring—she silently gave it back over a year ago! And Kris waited until the divorce was final to sell it.”
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