Angelina Jolie Worth $500,000, Brad Pitt and Angelina Jolie are engaged to be married, they confirmed over the weekend. A wedding date hasn't been announced yet, but more and more details are starting to emerge about the gorgeous diamond ring first seen on Jolie's hand last week.

Initial reports had it that it cost $250,000 (€190,737.7) and that Brad worked on the design for roughly a year.

Now, People magazine places its value close to $1 million (€762,951) based on experts' take on the bauble.

“An independent expert tells People that the ring could weigh in at more than 10 carats total, with a price tag of $1 million,” the celebrity publication writes.

A source close to the family chimes in to say that the time was right for this step, with Brad finally coming to the conclusion that this was it.

Us Weekly, on the other hand, claims the beautiful engagement ring cost twice the amount initially circulated, but half of the one mentioned by People.

“Worth an estimated $500,000 [€381,475.5] according to jewelry expert Michael O'Connor, the ring features emerald-cut diamonds 'of the finest quality which was then transformed using Pitt's unique designs, cut with distinctive faceting to a shape and size that perfectly suits Angelina's long, slender fingers,' Procop's rep explained,” the publication writes.

Robert Procop is the designer who helped Brad bring his vision to life, a jeweler who has worked with Angelina before on her own collection and is considered a close friend of hers.

As such, he was the best person for Brad to go to for help in the creation of the ring.

After a publicist for the couple confirmed the happy news over the weekend, Procop's rep offered a bit more details on the sparkler and how it had been created to suit no other finger than Angelina's.

He did not, however, make a single mention of its worth.

“Brad Pitt remained heavily involved, overseeing every aspect of the creative design process from the perfect cut of the diamond centerpiece – an elongated tablet shape – to the finishing touches such as the mounting of a galaxy of smaller stones which are graduated in size and faceted to match, adding a crowning luster to the ring,” Procop's rep said.

You can see a close-up of the ring in the photo attached to this article, but also by following the links included in the text.