Kate Upton's Engagement Ring Probably Cost More Than Your House

Model slash actress Kate Upton revealed she is engaged to longtime boyfriend Justin Verlander on the red carpet at the Met Gala this week.

The 23-year-old beauty showed off her dazzling diamond sparkler at the event, and now we have finally have details about the rock.

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Kate Upton at the 2016 Met Gala. Photo: Getty Images

Zoom in on the bride-to-be's dazzling 8 carat sparkler. Photo: Getty Images

"Justin and I collaborated on creating the most perfect one-of-a-kind ring that is rare and of exceptional quality...just like their love," said jewellery designer Anita Ko told E! News.

According to Mark Keeney, vice president of fine jewellery company Ritani, the ring the band appears to feature a round eight-carat diamond "set in a six prong setting with even more diamonds throughout".

And the price tag?

Keeney estimates a whopping $1.5 million (that's over $2 million AU.D).