Kim Kardashian's engagement ring from Kris Humphries sells for $749K

Kim Kardashian's engagement ring from Kris Humphries sells for $749K

Credit: Getty Images

MONACO - MAY 27: Kim Kardashian (L) and Kris Humphries (R) arrive to attend the AmberLounge Fashion Monaco 2011 on May 27, 2011 in Monaco. (Photo by Pascal Le Segretain/Getty Images)

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by Jessica Derschowitz / CBS News

khou.com

Posted on October 16, 2013 at 9:45 AM

LOS ANGELES -- Kris Humphries has auctioned off the massive engagement ring he proposed to Kim Kardashian with, and the sparkler sold for quite the pretty penny.

The diamond ring fetched a whopping $749,000 during an auction at Christie's on Tuesday.

"It bounced between two phone bidders and two bidders in the back of the room," a spokesperson for the auction house told E! News. "Good participation all around. It was the last item in the morning session."

On the Christie's website, the ring is simply listed as "An Impressive Diamond Ring, By Lorraine Schwartz." It boasts a rectangular diamond weighing approximately 16.21 carats, flanked on either side by trapeze-cut diamonds each weighing 1.80 carats, set in platinum.

The pre-lot text adds that the ring is "property of a gentleman" and that a portion of the sale's proceeds would benefit a charity.

Click here to read more at CBSNews.com.

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