One of the big questions when Kris Humphries and Kim Kardashian split up was what would happen to the engagement ring. Would Kim keep it? Sell it? Give it back? Grind it up and dance on its crumbled remains once her divorce finally went through? Apparently she opted to give it back—which, to be fair, was probably the right move—and Kris finally sold it.
According to Us Weekly, the Lorraine Schwartz ring sold at a Christie’s auction in New York yesterday for—wait for it—$620,000. That’s more than three times the price at which bidding opened ($200,000); and just to make your jaw drop a little more, with Christie’s buyer’s premium, the total cost for the ring will be $749,000.
The really crazy thing, though, is that the ring, which features a 16.21-carat center diamond flanked by two smaller, 8-carat diamonds, is reportedly worth $2 million.
The proceeds from the ring’s sale will allegedly benefit an as-yet-to-be-determined charity. But which one should he pick? We’ve got some suggestions for him:
The Sandy relief effort: It’s been nearly a year since Superstorm Sandy hit the east coast; the rebuilding and relief effort has been ongoing, but there’s still a long way to go yet. Kris might think about throwing his hat in the ring with Diana Nyad.
Child Aid: One of Charity Navigator’s top ten charities to watch, Child Aid is a smaller charity; but although it operates on less than $2 million a year, it works tirelessly to improve children’s lives by helping them develop the literacy skills they need to succeed.
The Breast Cancer Research Foundation: It’s Breast Cancer Awareness Month, after all!
Direct Relief: File this one under “one of the best charities everyone has heard of.” While some bigger charities can be a little questionable in terms of where the money they raise is actually going, Direct Relief isn’t one of them. It provides medical assistance to people around the world who have been affected by poverty, natural disasters, and civil unrest.
And those are just to start. Here’s hoping Kris actually follows through and donates most, if not all, of the ring’s proceeds; goodness knows there are foundations and people in the world who could use it.
Tell us: Got any charities to add to the list?
Lucia Peters is BettyConfidential’s senior editor.