Miley Cyrus 'stunning' ring has a whopping price tag, says expert

Miley Cyrus’s new bling is making rounds on the internet.

The songstress, who is officially off the market after her engagement to Maxx Morando, has been given a whopping ring worth up to £450k.

The ring is designed by jewellery expert Jacquie Aiche. Blue Nile's VP of merchandising, Daniela Tarantino, reveals the bling is a precious addition to Miley’s collection.

“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, brand ambassador for Worthy, says: “The ring is a stunning with a very modern and minimalist look to it.”

Hirsch tells PEOPLE that the ring has a pricey tag, noting: "It’s a 4-5 carat, bezel-set, cushion-cut diamond that is set east-to-west. Depending on the color and clarity of the stone, I would suggest a retail value of $150,000-$250,000.”

Meanwhile, diamond jewellery expert, Kristy Cullinane, reveals: “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.”