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Some celebrities have engagement rings valued as high as our annual mortgage payment, and Blake Lively is no different. In fact, Ryan Reynolds proposed with an accessory that has a multi-million-dollar price tag. (Yes, you read that right.)

From the massive size to the unbelievable cost, keep reading for everything we know about Blake Lively’s engagement ring.

blake lively engagement ring
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1. How big is it?

The accessory clocks in at a whopping 12 carats, which is about the same size as Jennifer Lopez’s ring from Alex Rodriguez.

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2. What does it look like?

The engagement ring features a stunning oval-shaped pink diamond. The gem is set on a rose gold band with pavé details.

blake lively ring
Jim Spellman/Getty Images

3. Who made it?

Reynolds enlisted the help of Lorraine Schwartz, who is a renowned celebrity jeweler. She’s designed rings for a slew of familiar faces, including Kim Kardashian, Kris Jenner, Lady Gaga and Beyoncé.

blake lively engagement ring cost
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4. How much is it worth?

The engagement ring is worth an estimated $2 million. Cha-ching!

ryan reynolds blake lively engagement ring
ANGELA WEISS/AFP/Getty Images

5. When did Reynolds pop the question?

Although they haven’t revealed many details about the proposal, we do know Reynolds popped the question in 2012. And he did a fantastic job selecting the sparkler.

RELATED: The Most Spectacular Royal Engagement Rings, from Princess Diana to Grace Kelly

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