“Cause if you liked it, then you should have put a ring on it”, Beyonce sings in one of her songs, and her boyfriend at the time did just that. We all know that diamonds are a girl’s best friend. So let me ask you, is there a better way of proposing to the woman you love than to give her an 18-karat, octagon-shaped Lorraine Schwartz diamond ring worth about 5 million dollars?

With this amount of money spent on the ring, Jay-Z probably didn’t even have to kneel and say some romantic words that are often spoken on these occasions. Another interesting fact is that Beyonce broke the record of the most expensive ring owned by a celebrity that is still alive. After the engagement, she rushed to brag about her beautiful engagement ring on Instagram and other social networks. The ring looks pretty good, considering how much it costs. Overly expensive? You be the judge.