Eye-watering cost of Taylor Swift’s engagement ring after fans make same comment about it

Jewellers have been weighing in on the cost of Taylor Swift's engagement ring - and fans have all been saying the same thing.

On Monday (26 August) Taylor and Travis announced their exciting news, sharing a post on social media, captioned: "Your English teacher and your gym teacher are getting married."

The photo dump saw Tay and Trav, both 35, posing adoringly together in a rose garden in Lee's Summit, Missouri, with one snap showing the NFL star getting down on one knee to ask the Grammy-winner the all-important question.

Naturally, the post almost broke the internet, racking up 27 million likes and counting.

And since the happy news was announced, fans have been delving into the details, with many speculating on the cost of the incredible ring Taylor was seen sporting.

One jeweller, Rich Goldberg, described the ring as 'timeless'.

“Based on the limited photos we currently have, the center diamond looks to be an elongated cushion cut of approximately five to six carats,” he told The Independent.

“A diamond shaped like this could also be a ‘old mine’ brilliant cut, which is essentially an antique diamond, with a cushion shape. The setting looks yellow gold and is wider at the top, tapering down with engraving on the sides, possibly with a couple very small inlaid gemstones.

“This gives the ring a vintage look, which is timeless, rather than something trendy. A truly beautiful ring style, perfect for the life of a showgirl.”

Meanwhile, jeweller Steven Singer believes the ring could be worth up to $2 million (£1.4 million).

“It looks like 7.5 carats and set in an antique decorative reproduction with engravings and either 14k or 18k gold or rose gold,” he explained.

“The price of the ring depends on who sold it and if at retail. Most likely $1.5 to $2 million. For us it would have been $1 million.”

And since images of the ring went viral online, fans have all been saying the same thing.

"Damn! Look at that rock!" One wrote.

While another said: "That ring cost more than my life."

And a third added: "I could retire if I had that ring."

With a wedding to plan and a new album coming out, it's going to be a busy year for Taylor.

The Life of a Showgirl, is set to come out this autumn (3 October). The album features 12 brand-new songs for Swifties to obsess over.

These include; 'The Fate of Ophelia', 'Elizabeth Taylor', 'Opalite', 'Father Figure', 'Eldest Daughter', 'Ruin the Friendship', 'Actually Romantic', 'Wi$h Li$t', 'Wood', 'CANCELLED!', 'Honey' and the titular 'The Life of a Showgirl (feat. Sabrina Carpenter)'.