Monday, November 7, 2011

KIM KARDASHIAN TO PAY $2 MILLION TO KEEP DIAMOND ENGAGEMENT RING AFTER SPLIT

US reality TV star Kim Kardashian is reportedly paying her soon-to-be-ex-husband, Kris Humphries, $2 million to keep her diamond engagement ring.

The couple, who married in August in a highly publicized wedding that cost millions, announced last week that they were splitting up after only 72 days of marriage.

Kardashian’s ring is set with a 20.5-carat diamond, and she is exercising a clause in the couple’s prenuptial agreement that allows her to buy the ring back for its original price in the event that the marriage failed. Interestingly, if those terms had not been spelled out, California law would have allowed Kardashian to keep the ring at no cost.

-The Israeli Diamond Industry

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