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Details on Miley Cyrus’s “Unusual” Engagement Ring: How Much Is It Worth?

Newly engaged singer Miley Cyrus is anything but ordinary, so it’s no surprise that her engagement ring would be totally unique as well. People has the first photo and exclusive details on Miley’s gorgeous Neil Lane sparkler.

Ring creator Neil Lane himself tells People that when Miley’s 22-year-old fiance Liam Hemsworth approached him about designing the ring, the Hunger Games star wanted a “something unusual,” but also “really beautiful and romantic.”

The result is a stunning 3.5-carat diamond ring set in an elegant 18-karat gold band. While the ring itself is brand new, the diamond is well over 100 years old.

“It was hand-cut around 1880 or 1890, and it’s unique and in its original form,” Neil says. “At that time no two diamonds were alike, as they were all hand-cut, so it’s fascinating to look at.”

In addition to the giant sparkler, Miley’s ring also features over a dozen smaller diamonds set into the gold band.

Though People did not provide details on how much the ring is worth, Hollywood Life spoke to celebrity jeweler Mitchell Egenberg to get his best estimation — and he’s valuing the ring at somewhere around $100,000.

So a 22-year-old just dropped $100K on an engagement ring for his 19-year-old fiance? Most people their age couldn’t even dream of having that much money to spend on one-of-a-kind bling. Only in Hollywood...

Source: People, Hollywood Life

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06.7.2012 / 12:31 AM EDT by Wetpaint Staff
Related: News, Celebrity Relationships, Hollywood It Girls, Miley Cyrus

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