Demi Lovato's engagement ring price tag revealed

Demi Lovato has announced her engagement to Max Ehrich. Photos / Instagram

Demi Lovato's engagement ring could have cost $400,000.

The 'Heart Attack' star was gifted the stunning emerald-cut engagement ring, designed by Peter Marco, by her fiance Max Ehrich and jewellers believe it could have a hefty price tag.

Ira Weissman, founder of The Diamond Pro, told Page Six Style: "With a stunning helicopter pad of an emerald-cut centre diamond and the classic pairing with trapezoid side stones, Demi's ring looks to make it to the hall of fame of celebrity engagement rings. The approximately 5-carat diamond is clearly of the highest quality and could easily fetch over $380,000."

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When I was a little girl, my birth dad always called me his “little partner” - something that might’ve sounded strange without his southern cowboy like accent. To me it made perfect sense. And today that word makes perfect sense again but today I’m officially going to be someone else’s partner. @maxehrich - I knew I loved you the moment I met you. It was something I can’t describe to anyone who hasn’t experienced it firsthand but luckily you did too.. I’ve never felt so unconditionally loved by someone in my life (other than my parents) flaws and all. You never pressure me to be anything other than myself. And you make me want to be the best version of myself. I’m honored to accept your hand in marriage. I love you more than a caption could express but I’m ecstatic to start a family and life with you. I love you forever my baby. My partner. Here’s to our future!!!! 😩😭❤️🥰😍 Ps. THANK YOU @angelokritikos FOR HIDING BEHIND ROCKS AND CAPTURING THE ENTIRE THING!!! I love you boo!!!

A post shared by Demi Lovato (@ddlovato) on Jul 22, 2020 at 10:46pm PDT

Whilst Shannon Delany-Ron, Director of Communications at JamesAllen.com, added: "Three-stone rings like Demi's hold symbolic meaning and represent the past, present and future of a relationship.

"Beauty and precision are hallmarks of emerald-cut diamonds. This timeless style is a popular choice for engagement rings. Meghan Markle wears a similar three-stone ring and Jennifer Lopez, Amal Clooney and Jennifer Lawrence all have said 'yes' to emerald-cut engagement rings."

Demi announced her engagement to the 'Young and the Restless' actor - who she first started dating in March - in a sweet post on Instagram.

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Oh man this might be my favorite pic of us so far... thank you for making me the happiest 🥰 I love yew soooo much @maxehrich 😍💕

A post shared by Demi Lovato (@ddlovato) on Jul 3, 2020 at 9:53pm PDT

Alongside a series of snaps showing off her engagement ring, she wrote: "When I was a little girl, my birth dad always called me his 'little partner' - something that might've sounded strange without his southern cowboy like accent. To me it made perfect sense. And today that word makes perfect sense again but today I'm officially going to be someone else's partner ...

"@maxehrich – I knew I loved you the moment I met you. It was something I can't describe to anyone who hasn't experienced it firsthand but luckily you did too.. I've never felt so unconditionally loved by someone in my life (other than my parents) flaws and all."

"You never pressure me to be anything other than myself. And you make me want to be the best version of myself. I'm honoured to accept your hand in marriage."

"I love you more than a caption could express but I'm ecstatic to start a family and life with you. I love you forever my baby. My partner. Here's to our future!!!! (sic)"