I’d imagine the price of her ring would be closer to $11 million today.”įried emphasized that fancy color diamonds - and pink in particular - are far rarer than colorless ones, and that the sheer size of 52-year-old Lopez’s makes it even more so. “Our fancy color partner has created similar rings to J.Lo’s, most recently two years ago,” he told us. Ben Affleck and Jennifer Lopez at the “Daredevil” premiere in 2003. “Although it is unlikely the mine produced many pink diamonds in the 6-carat range, the closing of the mine has driven up the prices of fancy pink diamonds,” the gemologist shared.Īnd Mike Fried, CEO of The Diamond Pro, puts the magnificent ring’s current value even higher.
The Clear Cut‘s founder and CEO, Olivia Landau, shared an identical estimate, similarly pointing to the Argyle mine’s closure as a key reason for the ring’s near-doubling in value. Jennifer Lopez (and her dazzling pink diamond engagement ring) at a “Gigli” press conference in 2003. The mine yields a rainbow of colors, from pinks to blues to violets and the rarest of all: red,” he continued.Īnand estimates that Affleck would have to fork over around $4 million for the same stone today. “Since 1983, the Argyle mine has been a major producer of the world’s finest pink diamond supply and the go-to for fancy pink diamonds. “Ninety percent of diamonds come from one place: the Argyle mine in Australia, which announced its closure in 2020 and stopped production this year,” Ajay Anand, CEO of Rare Carat, told us. Jennifer Lopez shows off legs in flirty feathered minidressĭon’t be fooled by the rocks that she’s got - because those rocks are worth way more these days.īack in 2002, Ben Affleck proposed to Jennifer Lopez with a 6.1-carat pink diamond engagement ring from Harry Winston, worth at the time an estimated $2.5 million, swiftly sparking a colored diamond craze.Īnd just as J.Lo’s career has continued to soar in the nearly two decades since, so too has the value of that rosy, radiant-cut sparkler, according to a trio of Page Six Style’s go-to diamond experts.
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