Jennifer Lopez's 15-Carat Ring From Alex Rodriguez Cost $1 Million

Jennifer Lopez and Alex Rodriguez's engagement announcement just about broke the Internet on Saturday night. For starters, they're the world's cutest power couple and it's exciting that they're making it official. And just think of the wedding photos. But all of that aside, ohmigod did you see that ring?

Lopez showed off her new left-hand sparkler on Instagram, and there's no other way to put it: It is massive. The emerald cut diamond is as gorgeous as it is huge, and it's seriously hard to take your eyes off of it. The couple hasn't shared any details about the diamond, but jewelry designer Stephanie Gottlieb estimates it to be 12 to 15 carats. “I'd guess the stone is an emerald cut diamond, anywhere from 12-15 carats set on a tapered platinum band, and it’s a beauty." she tells Brides, adding, “A natural diamond of that size and quality is incredibly rare, and of course pricey. I’d say $1 million is a safe estimate.“

According to another expert, though, it could be worth even more. "This approximately 20-carat emerald cut diamond is exquisitely cut and of superb quality," Ira Weissman, founder of the Diamond Pro, told E! News. "When you have an extremely rare and timelessly breathtaking stone such as this one, the goal of the ring should be to show off the rock naturally with as little embellishment as possible: the perfect complement to the ageless enduring beauty of J.Lo. The ring is worth approximately $5 million dollars."

Lopez is in good company with her stunning stone: According to E! News, Beyoncé, Amal Clooney, Elizabeth Taylor, and Angelina Jolie are all also members of the "emerald cut club."

Rodriguez popped the question during a romantic beach vacation on Saturday, after posting a sweet sentiment to his Instagram story about the concept of a soulmate. "A soulmate isn't someone who completes you," he wrote, according to Entertainment Tonight. "No, a soulmate is someone who inspires you to complete yourself. A soulmate is someone who loves you with so much conviction, and so much heart, that it is nearly impossible to doubt just how capable you are of becoming exactly who you have always wanted to be."