Kris Humphries Gets Major Bucks for Kardashian Engagement RingPublished by on Wednesday, October 16, 2013 at 10:00 am.
One good thing has come out of the former Kris Humphries/Kim Kardashian union: Kris has gotten a phat payday for the engagement ring.
According to a rep from Christie’s, the huge rock fetched $749,000 at auction on Tuesday in New York. The bling ring was a Lorraine Schwartz and held a huge 16.2-karat emerald cut center stone flanked by 1.8-karat trapezoid side diamonds.
“It was something that was a part of the divorce, the dissolution agreement,” said Humphries’ lawyer, Lee Hutton, “Kris is pleased with the outcome of the sale and the fact he can give a portion of the proceeds to a deserving charity. He’s in the process of selecting the charity now.”
The successful sell was a boon considering Christie’s valued the ring at around $300,000 to $500,000. No word yet on what charity—if any— Kris will be blessing with the cash. Then again, his lawyer said “he can give” to. That sounds like the main charity he will donating to will be himself.