Kris Humphries to Auction Kim Kardashian’s Diamond Engagement Ring?

According To Daily Mail reports, the NBA player, who won the 16-carat rectangular-cut diamond ring in the couple’s June 2012 divorce, is hoping to cash in on the jewelry this fall via private auction. The bauble cost a cool $2 million at the time of purchase and is now valued at a mere $300,000 to $500,000
Source! E!