5 Celeb Engagement Rings That Cost $1M or More Seems like a reasonable way to spend your money... By Evann Gastaldo, Newser Staff Posted Jan 25, 2014 2:15 PM CST 8 comments Comments Stock photo (Shutterstock) (Newser) – If you just got engaged, you may not want to read this—because these 10 celebrities rounded up by Wetpaint almost certainly have (or had) nicer engagement rings than you do. A sampling: Beyonce: Her engagement ring from Jay Z? An 18-carat flawless diamond worth more than $5 million. Paris Hilton: Paris Latsis proposed and gave her a $5 million ring in 2005 ... but they broke up, and the ring was auctioned for charity. Kim Kardashian: Her ring from Kanye West is estimated to be worth $4 million to $5 million. Jennifer Lopez: Marc Anthony gave her an 8.5-carat diamond ring worth $4 million. Their marriage, however, ended after seven years, and J.Lo sold the ring. Mariah Carey: Her 17-carat ring from Nick Cannon is worth $2.5 million. Click for the complete list.