Justin Bieber and Hailey Baldwin got engaged last week, and Hailey's engagement ring is worth at least $250,000, TMZ reports. The real price of the ring is double the quoted price. According to the site, Baldwin's ring totaled at "around half a mil."
Justin bought the ring from private New York City-based jeweler, Solow & Co, he revealed on Twitter on Wednesday afternoon. Founder Jack Solow is good friends with the singer's manager, Scooter Braun.
"Justin did have a hand in selecting the diamond because I sent videos to his team," Solow told People.
"In the end, Justin wanted something that would gracefully accentuate Hailey’s beautifully shaped hands. We settled on an oval stone that was just exceptional in its length and grace," Solow added.
The engagement ring is between 6 to 10 carats. Hailey has been flaunting the her ring in Brooklyn yesterday while out and about with her pop star fiance.
According to the jeweler, Bieber gave the ring "a lot of thought" and seemed very pleased when he found the right piece. "He seemed really excited. He was looking inside the diamond with the loop, and said, 'I think I see Hailey’s face,'" Solow said.
Justin shared the photo with Hailey with a sweet Instagram caption that included: "My heart is COMPLETELY and FULLY YOURS and I will ALWAYS put you first! You are the love of my life Hailey Baldwin and I wouldn’t want to spend it with anybody else. You make me so much better and we compliment each other so well!!"