Miley Cyrus’s engagement ring from boyfriend Liam Hemsworth is estimated at 250,000 dollars. The former Disney star announced on Wednesday that Hemsworth had proposed on May 31 after a three-year romance.

The singer was later photographed out and about in Beverly Hills, California wearing a diamond-and-gold ring on the third finger of her left hand, and an expert has valued the jewellery at a quarter of a million dollars.

“Assuming it’s reasonably high quality, I would estimate it at $250,000,” the Daily Express quoted Kenneth Lejman, a senior appraiser at the Gemological Appraisal Laboratory as telling the New York Daily News.

Jeweller Neil Lane designed the 3.5-carat piece for the Australian actor. “He wanted something really romantic and beautiful... It’s all handmade with a 19th century cushion-cut diamond,” he said.