Kim Kardashian's 20-Plus-Carat Engagement Ring Sells For Less Than Half Of What It Cost

10/15/2013 at 05:18 PM ET

Kim Kardashian engagement ring saleFameFlynet

While Kim Kardashian is busy getting her post-Nori body back, “Fashion Facing Off” with Jennifer Hudson and loving life as a new mom, her ex-husband Kris Humphries is collecting some cash from that famous 20.5-carat engagement ring he gave her back in 2011.

According to Forbes, the Lorraine Schwartz bauble — which features a 16.5-carat emerald cut center stone flanked by a pair of 2-carat trapezoids — sold for $749,000 at a Christie’s New York Magnificent Jewels auction on Tuesday. And while it’s less than half than the $2 million he reportedly paid, it’s still a nice chunk of change for the basketball star, who is gearing up for his first season as a Boston Celtic.

Last week, Humphries’s rep confirmed to E! News that he was definitely the person selling the ring: “The ring is indeed Kris’s property that he received through his marriage dissolution. He has long since moved on and is very much looking forward to a successful auction at Christie’s on Tuesday, and of course to returning to the court this upcoming NBA season as a Boston Celtic.”

RELATED: See more gigantic celebrity engagement rings!

Back in 2011, Kardashian gushed to PEOPLE about about her sparkler.

“In high school I went to Macy’s and bought this fake ring, my ‘perfect’ ring, and this is almost the exact same,” Kardashian said. “[Lorraine] always listened to what I would want and the shapes I love. I had said I loved an emerald cut and they were scheming and plotting for a while.”

Do you agree with Humphries’s decision to sell the ring?

–Brittany Talarico

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Showing 20 comments

Truthfinder on

Gawdy…

Bettie on

I heard he was gonna donate proceeds to charity, guess not

sharene on

No one said what he is doing with the money….maybe he did…he not like the Kartrashians and says he is doing something and doesn’t. He is probably willing to take the loss on the ring just to get away from that family. He is damn lucky. Too bad it had to play out for America.

Farrah on

That disgusting pig! She should have given the ring back or given it to charity. She is scum and overexposed, glorifies porn star!

Kim on

Two million on an engagement ring? A fool and his money are soon parted…….

yahoo on

I guess it wasn’t worth 2 million after all.

FLONDA on

I hear Kanye only had to pay half of what Ray Jay did to get into the third input. She is depreciating with every brother lover

Amp on

His money, his ring to do as he pleases with it. The only thing I’m disappointed with is that I heard the money was going to go to charity, and now it doesn’t seem as it is.

Dina on

Not that I like her much, but that is a beautiful ring.

sally on

just goes to show you that she is on her way down the totem pole, people are getting smarter!

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