Lady Gaga just confirmed she was engaged Monday night, yes. But the singer, who has been rumored to be engaged since last November, has been wearing the ring her fiancé Christan Carino gave her for months now. While Gaga hasn't personally shared any specific details about the making of her ring, E! provided a hint of how much it cost and—you guessed it—it's worth a small fortune.
Andrew Brown, president of WP Diamonds, told the outlet that it appears to have a value of roughly $400,000, largely because of its big pink sapphire.
Gem-wise, it "appears to be a 6-7 carat pink sapphire with a diamond halo totaling 3-4 carats," Brown said. "This is likely a high quality, no heat (treatment), pink sapphire. It looks like it may be a Padparadscha sapphire, in which case this ring would easily retail between $300,000 and $400,000." So yes, the cost of a house and then some.