Social media has been buzzing about Cardi B and Offset of Migos after Offset proposed to his girlfriend while on-stage at Power 99’s Powerhouse Concert in Philly. The proposal from Offset came only days after the two had allegedly broke up, with Cardi B posting videos saying that she was reportedly single. Along with the timing on when Offset proposed, many have been shocked by the stunning ring that he purchased for her.

Now, reports are surfacing saying that the eight-karat engagement ring Offset gave to Cardi B costs about $550,000. The price of the ring was confirmed by the owner of Pristine Jewelers in New York City. The shape of the ring presented to Cardi B is a raindrop that was custom-made by the jeweler. The eight-karat ring has two-karats worth of white and pink stones and is also surrounded by two half-karat diamonds.

$550,000 is a bit much, but Offset may be able to get some of that cash back if he and Cardi B take up one of the many deals offered to them to show their wedding in a reality show special format. Mona Scott-Young of Love and Hip Hop on VH1 along with other networks have reportedly offered up to one million dollars so far.

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