Mariah Carey’s 20-Carat Diamond Engagement Ring Cost At Least $8M

That’s a drop in the bucket for her fiancé.

Mariah Carey got engaged for the third time last week, receiving a 20-carat diamond engagement ring that cost between $8 and $10 million from Australian businessman James Packer, Hollywood Life writes. Considering that Packer’s net worth approaches $4 billion, it’s not like he’s thinking about cutting back on groceries this week. Shari Fabrikant of Robert Fabrikant Inc. in NYC analyzed the ring for Hollywood Life: “Her emerald cut diamond ring appears to be 20ct plus. It is set in classic platinum and features a tapered baguette diamond mounting. … I like the classic simplicity of the ring. It looks like it is top quality, probably a D Flawless stone. The ring would absolutely retail for minimum $8,000,000-$10,000,00. Stunning!”

You can watch the paparazzi hound Mariah in this TMZ video, which manages to get an up-close look at the ring.

Read more at Hollywood Life