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Kate Middleton's engagement ring cost Â£28,000 when bought by Prince Charles for Diana in 1981. Kate Middleton's engagement ring cost Â£28,000 when it was bought by Prince Charles for the then Diana Spencer in February 1981. In today's prices the oval 18-carat blue sapphire surrounded by 14 diamonds would cost Â£85,000 - although Diana's is priceless.
I read that you have to have a separate appraisal for insurance and the value of the ring was set at $3,500. It's a 14k yellow gold double band and a 1/2k princess cut diamond with four 1/4k diamonds on the side. It's a beautiful ring and in mint condition.