Demi Lovato, 27, gave fans a pleasant surprise when she announced her ensgagement to The Young and the Restless star Max Ehrich, 29, via a photo of her flashy diamond ring on July 22.
So, HollywoodLife spoke EXCLUSIVELY with the mastermind behind the oval-cut ring — celebrity jeweler Peter Marco — who revealed even more details about the decision process that went into the multimillion-dollar purchase, and Demi’s reaction to her love token.
Peter, who run his jewelry shop on Beverly Hills’ ritzy Rodeo Drive, told HollywoodLife that the ring cost Max between $2.5-5 million.
It holds between 12-20 carats of diamond, which explains the steep price tag! The jewelry designer admitted that he could only provide a “ballpark” of numbers for the
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