Lauren Sanchez's Colossal Engagement Ring Is Reportedly Worth $2.5 Million

If 2022 was the summer of Bennifer—remember how we just couldn't look away from their oh so picture-perfect honeymoons in Paris and Lake Como?—then 2023 is turning out to be the summer of Jeff Bezos and Lauren Sanchez (portmanteau pending). They too are currently gallivanting around Europe on the heels of a major relationship milestone: their engagement.

The Amazon billionaire reportedly proposed to his girlfriend of five years while on board Koru, his new $500 million supersized sailing yacht. No official statements were issued by the couple but the colossal diamond ring sparkling from Sanchez's finger as the pair circulated the Cannes Film Festival party scene more than spoke for itself.

Since May they have kept to a fairly low-key schedule, cruising around the Mediterranean, disembarking in tony locales like Ibiza and Portofino, and spending lots of time on the deck of Koru, where Bezos has been dutifully fulfilling his Insta-husband duties snapping photos of his bikini-clad fiancée.

As for that ring? Most estimates put the cushion-cut diamond at between 20 and 30 carats, very likely flawless, and with a price tag north of $2.5 million—which, as we surely don't need to remind you, is really nothing for a man worth $149.1 billion. No other details are available on the ring, the proposal, or any wedding plans. But who knows? Maybe Sanchez will pull a J.Lo and start her own newsletter.

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