On December 1st, Miley Cyrus re-entered the limelight at the world premiere of "Avatar: Fire and Ash," and fans immediately caught a glimpse of the engagement ring adorning her left hand. By the next day, a source had confirmed to PEOPLE that she and Maxx Morando were engaged. This moment marked a significant step for the couple, who had connected several years ago and had kept their relationship steady and private ever since.
Miley Cyrus' engagement ring was a bold design that stole the spotlight away from her black strapless Gucci gown. Francesca Simons, representing jewelry designer Jacquie Aiche, confirmed to PEOPLE that Aiche created the piece. The ring features a cushion-cut stone facing east to west, set in a thick 14-karat yellow gold band.
Experts offered various estimates of the ring's value depending on its specifics. Blue Nile's Daniela Tarantino estimated that it could reach as high as $450,000, saying, "We believe the ring is roughly a 4-5 carat modified cushion that costs around $300,000 to $450,000." Meanwhile, Reyne Hirsch, a former Antiques Roadshow appraiser, gave a lower estimate based on color and clarity, stating, "I would suggest a retail value of $150,000-$250,000." Additionally, Kristy Cullinane, co-founder of Plum Diamonds, noted that the price could change drastically if the stone is lab-grown, stating that the value could drop to $15,000.
According to Deux Moi, Miley Cyrus first wore the engagement ring in mid-November before showing it more clearly on the red carpet. A source had told PEOPLE earlier this year, "She is very happy" with Morando, claiming that they were living together. The insider added, "Miley has changed a lot in the past couple of years. She seems more calm and harmonious."
The ring marks a new chapter for the pair, and the excitement around its value reflects how closely fans follow Cyrus' life.
