Kris Humphries to Auction Off Kim Kardashian Engagement Ring

20-carat sparkler expected to fetch $500,000.

Posted: 09/12/2013 10:15 AM EDT
Kris Humphries, Kim Kardashian

Kris Humphries may not have gotten the annulment he was after, but he isn't walking away from his marriage to Kim Kardashian empty handed. The NBA player will auction off the engagement ring he gave Kardashian before their ill-fated 72-day marriage, Us Weekly reports.

The 20-carat diamond was allegedly listed at Christie's auction house by a rep for Humphries. "It is 100 percent the same ring," a source close to the reality star reveals. "Kim has been waiting for the day he would auction it. Everyone always asked what Kim did with the ring — she silently gave it back over a year ago! And Kris waited until the divorce was final to sell it."

The Lorraine Schwartz-designed sparkler is expected to fetch between $300,000 and $500,000 at auction, significantly less than the $2 million it was reported to be worth when Humphries popped the question nearly three years ago.

"The ring is definitely not worth $2 million, not even half of that," the source says, noting that Kardashian paid for the gem herself.

It's not like Humphries is hard up for cash. The baller signed a $24 million contract with the Brooklyn Nets last year and reportedly turned down a $10 million divorce settlement offer from Kardashian. The reality star, who welcomed a baby with boyfriend Kanye West this past June, has also clearly moved on.

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(Photos from left: Thibault Monnier/Brett Kaffee, PacificCoastNews.com, Dimitrios Kambouris/Getty Images)

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