Kim Kardashian's 20-Plus-Carat Engagement Ring Sells For Less Than Half Of What It Cost

10/15/2013 at 05:18 PM ET

Kim Kardashian engagement ring saleFameFlynet

While Kim Kardashian is busy getting her post-Nori body back, “Fashion Facing Off” with Jennifer Hudson and loving life as a new mom, her ex-husband Kris Humphries is collecting some cash from that famous 20.5-carat engagement ring he gave her back in 2011.

According to Forbes, the Lorraine Schwartz bauble — which features a 16.5-carat emerald cut center stone flanked by a pair of 2-carat trapezoids — sold for $749,000 at a Christie’s New York Magnificent Jewels auction on Tuesday. And while it’s less than half than the $2 million he reportedly paid, it’s still a nice chunk of change for the basketball star, who is gearing up for his first season as a Boston Celtic.

Last week, Humphries’s rep confirmed to E! News that he was definitely the person selling the ring: “The ring is indeed Kris’s property that he received through his marriage dissolution. He has long since moved on and is very much looking forward to a successful auction at Christie’s on Tuesday, and of course to returning to the court this upcoming NBA season as a Boston Celtic.”

RELATED: See more gigantic celebrity engagement rings!

Back in 2011, Kardashian gushed to PEOPLE about about her sparkler.

“In high school I went to Macy’s and bought this fake ring, my ‘perfect’ ring, and this is almost the exact same,” Kardashian said. “[Lorraine] always listened to what I would want and the shapes I love. I had said I loved an emerald cut and they were scheming and plotting for a while.”

Do you agree with Humphries’s decision to sell the ring?

–Brittany Talarico

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Showing 20 comments

Julesy on

I think the ring is hideous. Why do celebs think bigger rings look more attractive? A one-carat ring should be enough.

jenelle on

Hope that she chokes on it.

Jesse belle on

Fraudulent ring for a fraudulent hooker.

Amaryllis on

What else would he do with it?

NAP on

The ring went to less because it was tarnished by the last woman who wore it – Kris you’ll thank your lucky stars you got away from her as quick as you did!!

A on

It’s disappointing that it sold for less than half. He isn’t exactly Kobe Bryant or Derek Jeter with tens or hundreds of millions, he makes less in comparison to a lot of athletes. I think he whole heartedly thought Kim loved him, and he deserves to get some money back if that is what he chooses. It was very giving of him to buy her that big of a ring in the first place when she didn’t even deserve it or love him. If I were in that situation, I’d take the money to buy myself a well deserved gift or vacation to forget that stressful scenario.

Stephanie on

It’s sad because from the very begenning he knew he had to try to buy Kim’s love and he did for a while. I’m just happy that he got the ring back because Kim wanted to keep it for sentimental reasons so she says. She wanted to keep it because it is worth two million dollars.

Nanu 08 on

it sold so now time to move on to something exciting as the Kardashians are one big YAWN……

Guest on

And people still think diamonds are an investment.

Cheryl on

Who fricking cares!!

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