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Kim Kardashian's $2 million engagement bling sold for third of the price at $786k

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Kim Kardashian and Kris Humphries' marriage may only have lasted a few months, but the ring now lives on with an anonymous buyer.

The Lorraine Schwartz diamond and platinum ring was sold during the Christie's New York Magnificent Jewels auction on Tuesday for $US759,000 ($786,862).

Kim reportedly spent $2 million US buckaroos on her 20.5 carat piece in 2011. But according to Us Weekly it only had an opening bid of $US200,000 ($210,130) at the auction. That's a pretty heft reduction!

It's an even bigger reduction than Hugh Hefner's wife Crystal Hefner got for her 3.39 carat ring worth $US90,000 (AUD$87,938) from their first engagement. Which sold for nearly half the price at a mere $US47,500 ($46,412). Ouch!

Image: Getty

In contrast, Elizabeth Taylor's infamous 33.19 carat Krupp diamond ring from sixth hubby Richard Burton, estimated at $US2.5 million ($2.6 million), sold at auction for $US8.8 million ($9.24 million).

Image: Getty

Gawk at more dazzling rings of the stars in our celeb engagements and wedding rings gallery below...

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