After announcing the happy news that she and boyfriend Liam Hemsworth had gotten engaged, Miley Cyrus couldn’t wait to hit the town with her new engagement ring!
Cyrus was photographed out and about in Beverly Hills with the giant rock on her hand, and inspection has some experts believing the ring looks like it cost Liam a hefty $250,000.
A source told the New York Daily News, “Assuming it’s reasonably high quality, I would estimate it at $250,000.”
Jeweler Neil Lane designed the 3.5 karat ring for Hemsworth,and told the paper, “He wanted something really romantic and beautiful… It’s all handmade with a 19th century cushion-cut diamond.”
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