Great news! Lady Gaga and Taylor Kinney are finally engaged. Gaga confirmed the good news with a beautiful photo of an 8 carat heart-shaped ring on her Instagram captioned: "He gave me his heart on Valentine's Day, and I said YES!". The happy couple became engaged on Valentine’s Day, the most romantic day of the year, when he proposed flashing a huge 8 carat diamond ring.
It is a platinum diamond engagement ring set with a heart shape diamond made by famous Lorraine Schwartz. From the looks of it we can estimate it to be an 8 carat diamond ring of very fine quality. The ring setting is quite simple with a few round diamonds as shoulder stones. If the diamond is an E color and VS1, based on today’s retail diamond prices it would run close to $500,000.
It’s a really special diamond as it is very difficult to find a large heart shape 8 carat diamond. It is a very unique diamond ring crafted by an expert jeweller. The retail price for an 8 carat diamond is far more than when you source the wholesale diamond market. Check out the wholesale diamond prices to estimate what an 8 carat diamond would be worth based on today’s loose diamond prices.