Miley Cyrus’s New Diamond Sparks A Price Mystery Frenzy

Miley Cyrus surprised fans when she stepped onto the red carpet at the “Avatar: Fire and Ash” premiere wearing a bold new ring that immediately sparked engagement buzz.

A day later, a source confirmed that she and Maxx Morando are officially engaged, making the eye-catching diamond the center of attention.

The ring’s design, the large stone, and its surprising price range have now become part of the growing story behind Cyrus’ big moment.

Cyrus showed off a striking gold engagement ring on the red carpet recently, where she appeared with Morando.

Since the outing, speculations about the couple’s relationship and the beautiful jewelry have been making the rounds.

On Tuesday, Francesca Simons, who represents jewelry designer Jacquie Aiche, confirmed to PEOPLE that the piece is a custom creation featuring a cushion-cut stone set on a thick 14-karat gold band.

The unique east-west bezel style fits the modern look Cyrus often embraces.

Jewelry experts have also weighed in on the ring’s value, with some estimating it could cost up to $450,000, depending on its details.

Others have placed it lower, explaining that the stone’s clarity and whether it is mined or lab-grown could change the price dramatically.

Miley Cyrus’ engagement ring has become a topic of debate among jewelry professionals because of its unusual design and the different ways its value can be measured.

Blue Nile’s Daniela Tarantino estimates that the ring might be worth between $300,000 and $450,000.

“This engagement ring is a chunky gold east-west bezel set ring – a modern and chic trend we are seeing in the bridal industry,” Tarantino said in a press email. “We believe the ring is roughly a 4-5 carat modified cushion that costs around $300,000 to $450,000.”

Reyne Hirsch, a former Antiques Roadshow appraiser, believes its retail value might fall closer to $150,000 to $250,000, depending on the stone’s “color and clarity.”

Kristy Cullinane, a diamond expert and co-founder of Plum Diamonds, also weighed in on the piece, pointing out that the price could shift even more.

“The diamond appears to be approximately 4 to 5 carats, and the estimated value of the ring would be $200,000+ for a mined diamond or $15,000 for a lab-grown diamond,” she revealed.

Cyrus’ new engagement ring also highlights the long road she and Morando have traveled together.

They first sparked romance rumors in December 2021 after being seen together backstage at her NBC holiday special.

By April 2022, their relationship seemed confirmed when they were photographed kissing in West Hollywood.

In a 2023 interview, Cyrus shared how they met, explaining that it began with a blind date.

She joked that she went for the date thinking that the worst outcome would be leaving early.

The following year, the “Wrecking Ball” crooner discussed their age difference, saying it works because they “don’t just take life too seriously.”

She noted that Morando looked at life differently, joking that he even raised their dog using advice from Reddit.

By March 2024, a source revealed that the pair had moved in together and that Cyrus seemed calmer and more centered with him.

As The Blast reported, Cyrus turned heads at the Hollywood premiere of “Avatar: Fire and Ash” when she showed up on the red carpet with Morando dressed to impress, flaunting the dazzling diamond ring on her left hand.

For the star-studded night, the Grammy Award winner stepped out in a strapless black sequin mermaid gown that hugged her silhouette and flared into a ruffled train.

She paired the dramatic dress with sparkling accessories, including a diamond necklace and additional rings, but it was the chunky gold band with a large square diamond on her ring finger that stole the spotlight.

Morando matched her in a sleek black suit and white shirt, keeping things classic as they posed together with smiles and affectionate gestures.

That ring was first spotted in photos from her 33rd birthday earlier in November, and reappeared center-stage at the premiere.

Following the premiere, Miley Cyrus made headlines again when Morando’s dad confirmed that his son and the singer were engaged.

Taking to social media, he posted photos from what appeared to be a private dinner at a sushi restaurant and gave fans a close-up look at Cyrus’s ring.

Morando also included sweet shots of the couple hugging and smiling with their loved ones.

In his caption, he openly congratulated them, writing that he was “so proud” of the pair as they marked the milestone surrounded by friends and family.

A fan took the announcement further, breaking the news of Cyrus’s engagement on X.

They shared pictures taken from the drummer’s father’s Instagram page, captioning the post, “Maxx’s dad just confirmed Maxx and Miley are engaged.”