Prince Harry gives “invaluable” diamond ring to his fiancé

Following today’s announcement by the Prince of Wales about his second son’s engagement, the press went crazy trying to find out the details about the ring that Prince Harry gave to his fiancé, the American actress Meghan Markle.

Designed by the Prince himself, the jewel features a yellow gold band and a central stone from Botswana, where Harry traveled to while growing up and again this past summer with Markle to celebrate her 36th birthday.

The ring was created by Cleave and Company, Queen Elizabeth II’s preferred jeweler, and it includes two additional diamonds on the band. The smaller gems come from the late Princess Diana’s personal jewelry collection, a rarity that has industry experts calling the piece “invaluable.”

In an interview with the BBC, the future groom -who is the fifth person in line for the British throne-, said that the yellow colour in the jewel responds to Markle’s preference. Talking about the little diamonds on the sides, he said: “[they] are from my mother’s jewelry collection to make sure that she’s with us on this crazy journey together.”

In an attempt to gauge the price of the jewel, Money interviewed Amanda Winters from Blue Nile, one of the largest online diamond retailers, and she estimated that if the ring included perfect diamonds, it could cost between $300,000 to $350,000. If using mid-range diamonds, it would cost closer to $35,000 to $40,000.

The newly engaged couple presented the ring on Markle’s hand Monday at the Sunken Gardens at Kensington Palace. Once they are married, they will live in Nottingham Cottage.