Miley Cyrus’ luxurious engagement ring comes with jaw-dropping price tag

Miley Cyrus has recently become the talk of the town as speculation about her relationship with boyfriend Maxx Morando continues to grow.

According to PEOPLE, the 33-year-old singer’s stunning cushion-cut diamond ring could be worth as much as $450,000.

On Monday, December 1, Cyrus debuted the new sparkler at the Avatar: Fire and Ash premiere in Los Angeles, which she attended alongside Morando.

A day later, an insider confirmed to the outlet that the couple is engaged.

The dazzling gold ring paired effortlessly with the Flowers hitmaker’s black strapless Gucci gown as she gently placed her hand on the 27-year-old musician’s chest.

Francesca Simons of Francesca Simons Consulting, a representative for jewelry designer Jacquie Aiche, revealed that the ring is a bespoke piece featuring a cushion-cut diamond set atop a substantial 14-karat yellow gold band.

Daniela Tarantino, VP of merchandising for diamond jewellers Blue Nile, estimated that the ring could be worth up to $450,000.

“This engagement ring is a chunky gold east-west bezel set ring - a modern and chic trend we are seeing in the bridal industry," Tarantino said in a press email. "We believe the ring is roughly a 4-5 carat modified cushion that costs around $300,000 to $450,000.”

While Reyne Hirsch, brand ambassador for Worthy and former Antiques Roadshow appraiser, believes that the piece may be worth between $150,000 to $250,000.

“The ring is stunning with a very modern and minimalist look to it," Hirsch said "It’s a 4-5 carat, bezel-set, cushion-cut diamond that is set east-to-west. Depending on the color and clarity of the stone, I would suggest a retail value of $150,000-$250,000.”

It is worth noting that Miley Cyrus and Maxx Morando have been romantically involved since April 2022, after they were spotted kissing in West Hollywood.