Of Course Lady Gaga Has a $400,000 Pink Engagement Ring—Get a Closer Look

Updated October 17, 2018: Lady Gaga finally confirmed her engagement to Christian Carino on Monday night while giving a powerful speech at Elle's 25th annual Women in Hollywood Celebration. Gaga's rumored engagement ring has been spotted before on various red carpets, but after she referred to Carino as "my fiancé" in her speech, it's clear the stunning diamond is, in fact, an engagement ring.

The jewelry in question features a silver band with a large, round pink diamond surrounded by smaller jewels. E! News checked in with Andrew Brown, president of WP Diamonds, to learn more about the striking piece. He estimates the ring is likely a six- or seven-carat pink sapphire with a diamond halo totaling three to four carats, and suggests that it might be a Padparadscha sapphire, which could retail anywhere between $300,000 and $400,000.

Harper's Bazaar also points out that the diamond is quite similar to Kate Middleton's engagement ring that once belongs to Princess Diana. However, Gaga's ring is pink, not blue like Middleton's. Take a closer look at the rock below.

October 16, 2018: Congratulations are in order for Lady Gaga. The star confirmed her long-rumored engagement to CAA agent Christian Carino on Monday at Elle's 25th annual Women in Hollywood Celebration at the Four Seasons Hotel in Los Angeles, People reports.

An honoree at the event, Gaga thanked "my fiancé, Christian," during her speech, officially confirming that she Carino are engaged. While the couple has been private about their relationship, People first confirmed the two were an item back in February of last year.

While there aren't any details regarding the big day just yet, we certainly can't wait to learn more details about the upcoming wedding (including what's sure to be a showstopping dress). 

Up next: See inside Lady Gaga's gorgeous $22.5 million Malibu estate.