Diamonds are Still a Girl’s Best Friend

April 9, 2012

Unless it’s her wedding or the birth of her children, nothing is more important to most women than the day they received that special marriage proposal and the ring that accompanied it.  Even in the midst of this recessional period, which has been on going for several years now, record amounts are still being spent on gems and jewels.

Of all the jewels they own, most women particularly treasure their engagement rings.  And the men, who love these women, endeavor to please them. There are many beautiful rings that are under or somewhat above a carat in weight.  This is what most men can afford, and the women who receive them are justifiably proud. But there are those among us that can afford to purchase the best that money can buy.  And the engagement rings that they buy their women are as fabulous as their lifestyles!

When Prince Charles proposed to Camilla Parker-Jones, he presented her with a ring purportedly worth one million dollars.  This may seem like an extravagant sum, but in the world of the mega-wealthy it would not “raise any eyebrows.”  Indeed, it would seem like a modest price to pay when your family is one of the richest in the world.  Aristotle Onassis, known to have been more fabulously wealthy than the British royal family, gave Jacqueline Kennedy Onassis a forty-carat engagement ring.  It was auctioned in 1999 for 2.6 million dollars.  Donald trump gave Melania Knauss a 15-carat ring when they got engaged in 2004.  It reportedly cost three million dollars.  At the time, the flamboyant Trump told everyone within hearing distance that it was the most expensive engagement ring in history.

Of course, “Hollywood royalty” pay some of the most extravagant prices for engagement rings.  Tom Cruise presented Katie Homes with an Edwardian-style, oval-shaped ring estimated to cost about 1.5 million dollars.  Other Hollywood stars have been equally generous to their ladies.  Michael Douglas gave Catherine Zeta-Jones a 10-carat, Marquise-cut diamond reportedly worth two million dollars.  Kim Kardashian also received a diamond with an estimated value of two million dollars from Kris Humphries.  It has a 16.5-carat, emerald-cut, center stone with 2-carat trapezoids on either side of it.  Famed jewelry designer, Lorraine Schwartz, created it.  Not a bad “souvenir” from such a short-lived marriage.

But nothing so far has trumped the engagement ring that Paris Hilton received.  This 24-carat ring has an estimated value of 4.7 million dollars!  One has to wonder whether special insurance and bodyguards are required each time she leaves the house!

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