BEYONCE'S $5 MILLION DOLLAR ENGAGEMENT RING....

$5 million dollars is enough to set up ordinary folk for life, but to Jay-Z, it's just another 5 million dollars from his larger-than-life bank balance. And he obviously felt that his beautiful wife Beyonce was deserving of every gotdamn penny:

Beyonce showed off the ultra cool bling whilst she took to the stage at Friday night's Fashion Rocks concert. Here's a bit of info about the ring:

The singer, 27, who secretly married rapper Jay-Z in April, flashed an 18 carat flawless diamond by Lorraine Schwartz, valued at more than $5 million dollars, according to the jeweler. READ MORE

Diamonds simply are a girl's best friend and boy, doesn't Jay-Z know it?