Duchess Catherine's engagement ring value surges

By admin
13 May 2014

Duchess Catherine's engagement ring, which once belonged to Prince William's mother Diana, has been valued at a massive £300 000 (R4 257 000).

Britain's Duchess Catherine's engagement ring has increased over tenfold in value. The 32-year-old royal's 12-carat blue sapphire ring, which was handed down from the late Princess Diana, is estimated to be worth a whopping £272 000 (R3 million) more than it was when Catherine wed Prince William in April 2011 at London's Westminster Abbey.

'It's Kate's style icon status that makes the ring so special."

The precious jewel was first given to the Princess of Wales by Prince Charles in 1981 after he purchased it for £28 000 (R397 320), but is now valued at a staggering £300 000 (R4 million).

The heirloom - which also boasts 14 diamonds encircling the sapphire - is worth three times more than the Queen's own engagement ring, which came in second place on a list of the world's top 20 most famous rings, ranked according to how much their value has increased.

Vashi Dominguez, the ITV 'This Morning' jewellery expert who compiled the list, commented: "The Duchess of Cambridge's ring has appreciated more quickly than any other ring in the list. 'It's Kate's style icon status that makes the ring so special."

The second most expensive of the royals' rings actually belongs to the Duchess of Cornwall, Prince Charles' second wife.  The Art Deco bling, valued at £100 000 (R1,4 million) at the time of their 2004 wedding, is worth £250 000 (R3,5 million) today and placed ninth on the list.

As for Queen Elizabeth's three-carat diamond solitaire engagement ring, it has increased in value from £10 000 (R141 900) to £100 000 (R1 419 000) since Prince Philip got down on one knee in 1947.

-Bang Showbiz

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