Kim Kardashian’s Engagement Ring From Kris Humphries Sells At Auction For $620,000 (Photos)

Kim Kardashian’s 20-carat engagement ring has sold at auction for a cool $620,000.

The enormous diamond ring, given to the reality star by ex-husband Kris Humphries, was purchased by an as-yet unknown buyer at Christie’s in New York City on Tuesday.

Bidding for the 16.21 carat Lorraine Schwartz diamond began at $200,000 at the auction, entitled ‘Bright and Beautiful’, according to Us Weekly.

The ring, which features two 1.8 carat side diamonds, will end up costing the buyer $749,000 taking into account the auction house’s mark-up.



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It was confirmed last month that Kris was selling the ring which was originally reported to have cost $2 million.

But following the estimate of Christie’s jewellery experts, it appears that he paid far less for the ring than reported at the time.

But bad publicity surrounding the Humphries-Kardashian divorce may have had an effect on the sale.
Christie’s press representative Gabriel Ford previously told MailOnline that their team of experts ‘estimate on what they deem it worth at this time (of the auction)’.

Kris proposed to Kim with the ring back in May 2011 and it seems she returned the piece of jewellery to him after their marriage ended.

The website reports that a portion of the proceeds from the sale will benefit a charity which is yet to be named.

"Kim has been waiting for the day he would auction it," a source said.
"Everyone always asked what Kim did with the ring – she silently gave it back over a year ago. And Kris waited until the divorce was final to sell it."

The source tells Us that the ring is ‘definitely not worth $2 million’ and is unlikely to have cost even half of that price.

A family friend of the Kardashians said Humphries reportedly ‘got a great deal’ by working with jeweller Lorraine Schwartz – a family friend who has designed for the Kardashian clan for years.

The Keeping Up With The Kardashians star was married to Kris for just 72 days before she filed for divorce at the end of October 2011.

Kim is now mother to baby North with her new beau – rapper Kanye West.