Kim Kardashian's $2m Engagement Ring

People magazine reported Wednesday that reality star Kim Kardashian is engaged to her boyfriend of six months, New Jersey Nets forward Kris Humphries.

Following in the footsteps of her sister Khloe Kardashian who married a Los Angeles Laker, Lamar Odom in 2009 this uber-famous couple look set to hog the limelight as only Kardashians can. We are thinking of introducing a new unit of time in our office namely ‘a Kardashian’ to designate the average amount of time between mentions of a Kardashian somewhere in our vicinity. We have worked out that a Kardashian is about 15 minutes long.

Now to the exciting part: Kris Humphries, 26, gave Kim, 30, a 20.5-carat Lorraine Schwartz diamond ring!

TMZ reported the ring was valued at $2 million.

Plastic Fantastic

So what does the most powerful woman in the world wear on those secret missions with her superhero husband President Barack Obama? If we told you that Michelle Obama wears a plastic watch would you think that we were pulling your leg? Add Miley Cyrus, Michael Jordan, Phillip Seymour Hoffmann and Nicky Hilton to the growing list of celebrities sporting plastic watches and can see that this trend is appealing to a very broad audience. Fashion brands such as Guess, Fossil and DKNY are capitalising as are emerging brands such as Toy Watch and ECC. We will keep you posted as more of these fun models come out.

Paul McCartney’s $650,000 Engagement Ring

Is it any wonder that Nancy Shevell has a smile on her dial after receiving this divine ring from musical legend Paul McCartney? As he said himself back in the 60’s ‘money can’t buy me love’ but it seems that he’s given it a pretty good shot this decade with this perfect 5 carat monster setting his AMEX in arrears $650,000. Designed by McCartney and Jeweller Neil Lane, this ring is a simple art deco design that is lined with black onyx stones on the sides.  A beautiful choice.

10 of the hottest new celebrity rings

Presidential Candidate drops $500,000 at Tiffany's

Leading Republican presidential candidate Newt Gingrich and his wife Callista held up to $500,000 in jewellery debt with Tiffany & Co a probe by news site Politico has revealed. The information was contained in financial records filed with the clerk of the US House of representatives in 2006.

At that time the Gingrich’s declared assets of between $1 and $2.5 million dollars making their jewellery spend between 20% to 50% of their total assets. Were Newt to take the helm as leader of one of the most influential nations on earth, a jeweller like me can only wonder what the long term results would be on sales. As a-political as I endeavour to be, this candidate looks like a winner! If only Obama wasn’t so cool...