Since getting engaged to fiancé Maxx Morando last December, Miley Cyrus has been wearing her stunning 4-carat diamond engagement ring to various events like the Avatar movie release and the Golden Globes.

Reportedly worth up to $450,000, the diamond solitaire is quite the investment, making it an ideal candidate for specialized engagement ring insurance, which can protect the jewelry from theft, loss, and accidental damage.

Here’s everything you need to know about Miley Cyrus’ engagement ring and why and how she should get it insured.

What Kind of Engagement Ring Does Miley Cyrus Have?

Miley Cyrus’ engagement ring was custom-designed by jeweler Jacquie Aiche and contains a cushion-cut solitaire diamond that was responsibly sourced. While solitaire diamonds are pretty typical for engagement rings, the setting Morando chose goes beyond the traditional options.

The stunning ring features a slight domed shape and a flush, east-west bezel setting (a great choice if you’re worried about snags or losing a diamond), all housed within a 14-karat yellow gold band. The diamond itself is estimated to be anywhere from 2 to 4 carats, depending on which expert you ask.

Not only is a flush setting pretty out of the ordinary for engagement rings, but the east-west setting, while trendy in some circles, is also a less-than-typical choice. It all comes together for a ring that’s just as unique as the singer.

When comparing Cyrus’ new bauble to other celebrity engagement rings from the past year, it certainly is less traditional than Taylor Swift’s engagement ring (and much smaller).

How Much Did Miley Cyrus’ Engagement Ring Cost?

Since the ring was custom-designed (and jeweler Jacquie Aiche hasn’t commented), a firm price isn’t known at this time. But experts have made estimates that wildly vary, from $70,000 to $450,000.

Regardless, this range is well above what the average person might spend on their engagement ring, which typically hovers somewhere around $5,000.  However, with the net worth that Cyrus and Morando have, $450,000 is no big deal (even if Miley did joke on Jimmy Kimmel Live! that the ring was a Black Friday deal).

One element that definitely plays into the cost of a ring like Miley’s is the quality and sourcing of the diamond. While sources say the diamond was sustainably sourced, other details are slim to none — though it can be assumed that the diamond is a mined, natural gemstone rather than one that was created in a lab.

How Much Could The Couple Have Saved with a Lab-Grown Diamond?

If Cyrus’ diamond was lab-grown versus traditionally sourced, the couple could have saved a pretty penny. A lab-grown diamond of that size is estimated at $15,000 versus the hundreds of thousands that Morando supposedly spent.

In general, a 1-carat lab-grown diamond cost about $1,000 in 2025, compared to $4,200 for a natural 1-carat diamond, according to BriteCo data.

How Does Miley Cyrus’ New Engagement Ring Compare to the One from Liam Hemsworth?

When Liam Hemsworth proposed to Miley Cyrus in 2012, the actor presented her with a Neil Lane-designed, 3.5-carat, cushion-cut diamond ring estimated to be worth about $100,000. The 18-karat gold band featured an Art Nouveau pattern and the diamond itself was hand-cut in the 1800s. It all resulted in a completely vintage look that wowed the world when Hemsworth popped the question.

Of course, that ring looks very different from the one that Cyrus wears today — and it turns out that Miley didn’t even really like the OG all that much.

After a long, on-again/off-again engagement, in 2016, Cyrus told former TV show host Ellen DeGeneres that the ring wasn’t really her style. She noted that it clashed with her overall personal aesthetic and, a lot of times, she didn’t even wear it.

Miley Cyrus’ Engagement Ring Risks

Regardless of celebrity status or how much an engagement ring costs, there’s always a risk of accidental damage, loss, and theft.

It is worth noting, though, that due to its unique setting style, Miley Cyrus’ engagement ring isn’t at quite the same risk of damage as a solitaire engagement ring that features an elevated setting. High prong settings come with risks of snagging, scratching, and diamond loss, whereas that’s not typically as much of an issue with bezel settings like Cyrus’ ring sports.

Even so, Cyrus’ ring could just as easily be scratched, lost, or stolen while the singer is touring, making the press rounds, or just at home in Malibu.

How Much Would It Cost to Ensure Miley Cyrus’ Engagement Ring?

Typically, engagement ring insurance is based on the ring’s value, with coverage costing 1–2% of the ring’s value per year. So, if we assume that Miley’s engagement ring is worth the top estimate of $450,000, that means she would pay at least $4,500 for coverage annually, up to $9,000 per year.

Yes, this does seem like a big expense (even broken down monthly, the coverage would be $375–$750 per month). But the good news is the average person will pay far less for engagement ring insurance. With the average engagement ring costing around $5,000, the standard jewelry owner will pay $50–$100 per year to insure it — or less than $10 per month.

Engagement Ring Insurance FAQs

What Does Engagement Ring Insurance Cover?

Engagement ring insurance covers theft, accidental damage, mysterious loss, and disappearance, with some policies like BriteCo’s options protecting you worldwide with zero deductibles. If you ever need to make a claim for one of these reasons, the total cost of the repair or replacement will be covered.

How Much Does Engagement Ring Insurance Cost?

BriteCo’s engagement ring insurance policies start at 1–2% of your engagement ring’s total value, per year, with additional discounts available for those who pay for their policies annually rather than monthly.

Will Homeowners Or Renters Insurance Cover Engagement Rings?

A homeowners or renters policy may cover engagement rings to a small degree, but often not the full cost of ring replacement or repair. Additionally, many of these policies only cover very specific circumstances, such as home theft and exclude issues such as accidental damage.

What Does Engagement Ring Insurance Not Cover?

Engagement ring insurance will not cover intentional damage or damage or loss that occurs under extreme circumstances, like military action.

Do You Need an Appraisal for Engagement Ring Insurance?

Most times you will need an appraisal for engagement ring insurance in order to assess its current market value for your policy. BriteCo has a free appraisal tool that has helped thousands of clients complete this part of the process.

Ready to Insure Your Own Engagement Ring?

Insuring your engagement ring is quick and easy with a provider like BriteCo. All you have to do is get your engagement ring insurance quote and then purchase a policy.

From there, you’ll be able to quickly repair or replace your engagement ring if it’s ever accidentally damaged, stolen, or lost, at no extra expense to you. And for just $50–$100 per year, you can have affordable, celebrity-level coverage. Learn more about BriteCo’s comprehensive policies and get a quote today!

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