Blake Lively’s Engagement Ring: How Much Did it Cost?

Alex Gutierrez (inset: Lester Cohen/Wireimage) Gossip Girl's Blake Lively wore a stunning couture gown by Marchesa for her secret wedding to hunky Ryan Reynolds, but it's her blinged-out engagement ring that has caught the fashion world's eye. The new bride donned the art deco-inspired sparkler the day after her nuptials, presumably as not to alert celebrity couple watchers. Although the couple walked down the aisle in a rustic-chic South Carolina barn on September 9, they didn't legally tie the knot until five days later.

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Adelaide Polk-Bauman, an expert at Forevermark Diamond, tells Shine that Lively's pretty new rock is a pale pink diamond solitaire set in rose gold. "The ring looks particularly high grade in terms of color and brilliance," says Polk-Bauman. "It could be near flawless." She estimates the size at approximately 12-carats. It's paired with a delicate matching band of pave-set diamonds.

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What's a bauble like that worth? Well, as much as a house. In the spring, Reynolds and Lively spent about $2 million on a quaint, English-style country cottage in affluent Bedford, New York, and Polk-Bauman estimates the ring cost about the about the same. "Minimum 1.5 million," she says. And given the quality of the stone, "it could be close to or more than $2 million."

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Reynolds created the sparkler with celebrity favorite Lorraine Schwartz, reports People. Schwartz famously designed the 20.5-carat ring Kris Humphries bestowed on Kim Kardashian, also reputed to be worth $2 million. The average engagement ring is valued at about $3,000, so Lively's ring seems like a not-so-small fortune. However, it would be a bargain to high rollers Jay-Z and Beyonce. When the music mogul put a ring on it back in 2008, his choice of sparkler-also by Schwartz-set him back about $5 million.

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