When we first saw Demi Lovato‘s DAZZLING engagement ring, we instantly knew it was wildly expensive — early estimates said maybe $850k or even a million.
But according to sources speaking to TMZ on Tuesday, those guesses were actually QUITE conservative. See, they say the ring had to cost at least $2.5 MILLION!
And that’s minimum! It could be as much as $5 mil!!! Related: Demi Is Planning Her Wedding By Watching The Wedding Planner Why so ‘spensive??
Well, it’s not just the 10-20 carats of pure diamond weighing it down. It’s also the cut, which was by celeb jeweler Peter Marco.
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