Credit: Frazer Harrison/Getty Images Photo: Giuliana Rancic Shows Off $1 Million Ring at the 2013 Emmys on September 22, 2013

E! News Live! From The Red Carpet host Giuliana Rancic looked absolutely gorgeous at the 2013 Emmys on September 22 in her second ensemble — a figure-hugging light blue beaded floor-length dress by Canadian designer Mikael D. The 39-year-old TV personality also rocked Forevermark earrings and Christian Louboutin shoes.

But the accessory everyone wanted to know more about was her massive diamond ring. According to Giuliana, the 18-carat stunner is worth over $1 million — $1,030,000 to be exact. Yeah, no big deal.

Naturally, Giuliana couldn't stop showing it off, sticking her hand in the E!'s "Mani Cam" so viewers could get a closer look. And we don't blame her! While Giuliana's used to rocking serious finger hardware (her engagement ring is a $100K four-carat cushion-cut diamond by Graff), this piece of bling is on another level.

What do you guys think of Giuliana's $1 million red carpet ring? Tasteful or over the top? Dish below, fashionistas!