Alex Rodriguez spent $1 million on Jennifer Lopez's engagement ring

Alex Rodriguez spent $1 million on Jennifer Lopez's engagement ring image

Alex Rodriguez dropped $1 million on the massive diamond engagement ring he gave to Jennifer Lopez, according to E News

The couple announced their engagement on Saturday, with the former New York Yankee sharing a photo of the ring on Instagram.

 
 
 
 
 
 
 
 
 
 
 
 
 

she said yes ♥️

A post shared by Alex Rodriguez (@arod) on

MORE: Alex Rodriguez announces engagement to Jennifer Lopez

From E News:

"Andrew Brown, President of WP Diamonds, estimates that the 'I'm Real' singer's ring is worth about seven figures. ... Jewelry and style expert Lauren McCawley offered up a similar number. ... A third ring expert told E! News that her ring could be worth even more than $1 million."

Rodriguez popped the question during the couple's getaway in the Bahamas, according to People.

The couple has been dating for about two years. 

It will be the second marriage for Rodriguez, who has been divorced since 2008, and the fourth for Lopez, who divorced Marc Anthony in 2014.