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It looks like Jessica Simpson is already one up on her ex-husband Nick Lachey’s new fiancée Vanessa Minnillo – or $250,000. Both Jessica’s new engagement ring and the one from her first marriage to Nick are worth more than the one Nick recently gave to Vanessa when he proposed to her earlier this month!

HollywoodLife.com spoke to a prominent diamond expert in the know, and he tells us that Jessica’s fiancé Eric Johnson gave her an eight-carat ruby, $250,000 Neil Lane sparkler when he proposed last week. Nick gave Jess a five-carat round brilliant cut diamond that Aslam Bakshi, owner of Diamond Images USA, Inc. in Miami, Fla., estimated cost about $500,000!

Everyone was wondering why Jess was donning a ruby engagement ring Nov. 13, as opposed to a traditional white diamond, and now we think we know why — she’s a July baby! Jessica’s birthday is July 10, and the birthstone for that month is a ruby. That explains why she flashed an 8 carat, $250,000 Neil Lane sparkler at a Dillard’s in Kansas City over the weekend. Luckily for you, Neil Lane designs a special line of affordable engagement rings for Kay Jewelers and we found a look-alike for just $199!

“Her ring may be a Burmese ruby; it has a rare size and shape,” says Aslam Bakshi, owner of Diamond Images USA, Inc. in Miami, Fla., “The deep color of the stone is intense, it’s a cushion cut, and it’s a hard-to-find ring.”

Source: HollywoodLife.com

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