Wednesday, October 16, 2013

Kim Kardashian's 16.21-carat engagement ring fetches 3/4 of a million dollars

Kim Kardashian's engagement ring, which she received from ex-husband Kris Humphries back in 2011, sold at auction for $749,000, the USA Today reported on Tuesday. While that sounds expensive -- and it is -- the sale price is discounted about 62.5 percent from its original estimate of $2 million when NBA star Humphries first gifted it to the reality queen.

The 16.21-carat Lorraine Schwartz diamond ring had been estimated, pre-sale, to go for between $300,000 and $500,000. It sold in the last lot in the "Magnificent Jewels" auction at Christie's on Tuesday morning.

A Christie's spokesperson said, in a statement:
[The ring] saw active participation in the room, on the phone banks, and from Christie's LIVE. This impressive diamond ring was sought out by two bidders in the back of the room, one online bidder, and was ultimately won by a bidder on the phone.
Humprhies and Kardashian were wed in August of 2011, just a few months after they were engaged. By that Halloween, she had filed for divorce.

The divorce was finally finalized on June 3, 2013. That was just two weeks before Kardashian gave birth to her daughter North, who was fathered by her current beau, Kanye West.

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