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Cyrus first showed off her classic round-cut diamond engagement ring on the Marine Serre runway at Paris Fashion Week in June 2023 after getting engaged to designer Pinkus and accepting the sparkler, which has a pavé halo and delicate matching band in either platinum or white gold covered in more diamonds. Cyrus's ring is estimated to be between one to 1.5 carats and is valued between $10-$20K, depending on quality.