Kim Kardashian's Engagement Ring From Kris Humphries Sold for $749K at Auction


Kris Humphries, Kim Kardashian


The Lorraine Schwartz ring was purchased by an anonymous online buyer who has to pay a total of $749,000 to bring the diamond bauble home.

Kris Humphries finally got rid of the ring he used to propose Kim Kardashian, two years after they split following a short-lived marriage. The ring went under the hammer during the "Magnificent Jewels" auction held by Christie's in New York City on Tuesday, October 15.

The ring was the last item in the morning session. There was an "active participation in the room, on the phone banks, and from Christie's LIVE." The bauble "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."

Bidding opened at $200,000. The Lorraine Schwartz sparkler that features a humongous 16.21-carat center diamond flanked by two 1.8-carat side diamonds was eventually sold for $620,000. But after Christie's markup, the anonymous buyer would pay a total of $749,000 for the rock.

Although a significant drop from the initial price of a reported $2 million, the final sale price for the ring is still far more than the presale estimate of between $300,000 and $500,000. According to a statement in the auction catalog, a portion of the proceeds will be donated to a charity.

Humphries and Kardashian were engaged in May 2011 and married on August 20 the same year only for her to file for divorce 72 days later. Their legal battle dragged on for roughly two years with the NBA star vehemently asking for annulment claiming their marriage was a fraud.

Their divorce was finally finalized on June 3, 2013 with an undisclosed settlement, just two weeks before the "Keeping Up with the Kardashians" star gave birth to daughter North with Kanye West. The ring was "Kris' property that he received through his marriage dissolution."

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Report: Drake Is Actually Gay and His Rihanna Romance Is Fake
  2. Audrina Patridge Shares Sweet Photo of Her Breastfeeding Her Daughter
  3. Rob Kardashian Tweets Kylie's Number as He Blasts His Family for Snubbing Blac Chyna
  4. Did Faith Evans Just Expose Her Vagina in Front of the Crowd? See the Evidence!
  5. North West Serves as Flower Girl at a Wedding and Dances Adorably at the Party
  6. 'Spider-Man' Star Tom Holland Has a Secret Role in 'A Monster Calls'. Get the Details!
  7. Exes Demi Lovato and Joe Jonas Trapped in Elevator for Four Hours. Was It Awkward?
  8. Orlando Bloom and Malin Akerman Have Steamy Threesome on Netflix's 'Easy'
  9. Angelina Jolie Reportedly Turns to Johnny Depp Amid Brad Pitt Divorce
  10. Brad Pitt and Angelina Jolie Do Have a Pre-Nup. So, Who's the Big Winner?

CELEBS PHOTO