Lana Del Rey is officially engaged, and she has a new diamond ring to prove it. And her fiancé, music executive Even Winkier, reportedly spend a small fortune on the engagement ring.

The singer was first spotted wearing the diamond at the Visionary Award at Billboard's 2023 Women in Music Ceremony. The ring is reportedly three carats set in platinum.

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Jessica Flinn-Allen, an engagement ring specialist and CEO of Jessica Flinn, estimates that the ring is worth $300,000 USD.

“The engagement ring is a traditional and timeless setting style, a three-stone ring in white metal, most likely platinum,” she said of Lana’s ring. “The ring features a large, round diamond in the centre, flanked by two smaller round-cut diamonds on either side, creating a symmetrical and elegant design.”

“The three-stone style of the ring is a classic choice for engagement rings, symbolising the past, present, and future of the couple's relationship,” Flinn-Allen continued.

“The side stones on Lana Del Rey's engagement ring not only add to the symmetry and overall beauty of the ring, but they also serve an important purpose in enhancing the sparkle and brilliance of the centre stone,” she added.

Not a lot is known about Lana and Evan’s romance. The couple has been photographed together on multiple occasions in recent months, but it’s not clear how long they’ve been together. For now, neither Lana nor Evan have commented on their rumored engagement.

Lana has historically been private about her personal life, and rarely opens up about her romantic relationships. The singer previously dated Scottish musician Barrie-James O’Neill from 2012 to 2014, before being linked to Francesco Carrozzini briefly until 2015.

Since then, Lana has been romantically connected to rapper G-Eazy, and most recently to police officer and Live PD analyst Sean “Sticks” Larkin. He confirmed their split in 2020, citing conflicting schedules.

" Right now, we're just friends ," Sean said at the time. "We still talk and whatnot, we just have busy schedules right now."

Only a few weeks ago, Lana released her 9^th studio album Ocean Boulevard, which she announced in December 2022 on Sean’s birthday.

She took another jab at her ex when she arranged the only billboard promoting her album to go up in his hometown. "There's only one [billboard] and it's in Tulsa," Lana said on her private Instagram account, before adding in the comments, "It's. Personal."

She was linked to musicians Clayton Johnson and Jack Donoghue before she went public with her current relationship with Evan Winkier.

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Sources: PEOPLE, Jessica Flinn,