Home » Hollywood News » Mariah Carey sells massive 35-Carat engagement ring worth $10 million from billionaire ex James Packer

Mariah Carey sells massive 35-Carat engagement ring worth $10 million from billionaire ex James Packer

Speed News Desk | Updated on: 28 May 2018, 13:33 IST

Mariah Carey, an American singer sold her 35-carat diamond engagement ring from her ex-fiance, Australian billionaire and media mogul James Packer.

The diamond ring, widely reported to be worth $10 million, was part of the financial settlement the diva made in 2017 after her split from the Australian media baron.

“Mariah has been very vocal recently about her choice to move forward in her life surrounded by positivity,” her publicist told me. “That requires leaving emotional and material baggage behind, including an old engagement ring from an ex-boyfriend.”

A source said Carey had one of her business managers quietly sell the ring for $2.1 million to a Los Angeles jeweler.

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“A confidentiality agreement was signed, but the jeweler is currently selling it, and there’s only one such ring,” my source said. “Mariah Carey’s public relations people are desperately trying to keep the story from the press, and have threatened the jeweler with litigation if he discloses her name.”

An insider in Carey’s camp scoffed at the idea that she sold the bauble because she’s short on cash: “She owns multiple homes, her entire catalog of music, and she’s had numerous successful tours and residencies.”

James Packer is one of the richest Australians in the world. According to Forbes, he has an estimated net worth of $4 billion.

They got engaged in January 2016, but called off the wedding in October 2016.

In October 2017, Packer told The Australian the couple never belonged together.

“I was at a low point in my personal life,” he said of their relationship. “She was kind, exciting and fun. Mariah is a woman of substance. But it was a mistake for her and a mistake for me.”

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First published: 28 May 2018, 13:33 IST