ROCHELLE STOVALL

ROCHELLE STOVALL

Wednesday, 23 October 2013

Kanye West, Kim Kardashian engagement: The ring may be worth $8M

ALL HAIL, KIMYE! The happy couple are preparing to have the wedding of the celebrity century.

Maybe the third time’s the charm.
Kim Kardashian will walk down the aisle yet again, thanks to a giant diamond valued by one expert at $8 million and Kanye West’s Jumbrotron proposal Monday night at San Francisco’s AT&T Park.
But if history is any lesson, she might not wear that bling for long.
Kanye West’s union with Kim Kardashian is a match made in prenup lawyers’ heaven. But oddsmakers and some celeb watchers don’t expect it to last long.

Andrew Innerarity/REUTERS

Kanye West’s union with Kim Kardashian is a match made in prenup lawyers’ heaven. But oddsmakers and some celeb watchers don’t expect it to last long.

Online bookmaker Paddy Power puts the odds on Kimye’s marriage lasting less than two years at 2-1. That might be due to the fact her first marriage, to record producer Damon Thomas, lasted four years, and her second, to former Brooklyn Net Kris Humphries, wrapped up in a mere 72 days.
PHOTOS: INSIDE KIM KARDASHIAN AND KANYE WEST'S ROMANCE
Her ex-father-in-law, William Humphries, isn’t wagering on a lengthy union, either.
Kanye West rented the home field of the San Francisco Giants to deliver an all-important request.

tracyhnguyen via Instagram

Kanye West rented the home field of the San Francisco Giants to deliver an all-important request.

“Does a leopard really change its spots? I don’t think so,” the NBA dad tells the Daily News. “Not much changes. It’s just different actors this time around.”
If this love story reaches the same tragic conclusion for the new parents, West, 36, and Kardashian, who turned 33 on the day of her engagement, better have their paperwork in order. We ain’t saying she’s a gold digger, but per West’s famous song, lawyers are saying, “We want prenup, we want prenup.”
“This is not the mother of all prenups, but it’s going to have to be pretty close,” says celebrity divorce lawyer Raoul Felder, who managed the splits of former Mayor Rudy Giuliani and Martin Scorsese. “They both have careers that could become more valuable, and each one could claim the other one helped their career.”
Eyes goggle at Kim’s bauble: Kardashian posted an Instagram closeup of her multimillion sparkler from Kanye West.

@kimkardashian via Instagram

Eyes goggle at Kim’s bauble: Kardashian posted an Instagram closeup of her multimillion sparkler from Kanye West.

RELATED: HOW KANYE KEPT HIS PROPOSAL PLANS A SECRET
Madison Avenue’s so-called Duke of Divorce likens the power couple’s union to the merging of two companies. Drawing up their prenup could take weeks and rack up $100,000 in legal fees.
Unlike Kardashian’s last marriage, she’s not the breadwinner this time. She’s worth $40 million to Kanye’s $100 million. That means it’s the groom who must cover his assets.
An  Instagram photo shows Kim Kardashian with her engagement ring from Kanye West.

eyeonglam via YouTube

An  Instagram photo shows Kim Kardashian with her engagement ring from Kanye West.

Robert S. Cohen, who represented Christie Brinkley and Ivana Trump in their divorces, says they shouldn’t be financially bound to each other if the Wests go south.
“They should be able to walk away without any obligation to the other, except to the extent that they do projects together, and then the prenup should deal with splitting that 50/50,” he says.
PHOTOS: KIM KARDASHIAN'S STYLE MAKEOVER
Jonathan Cheban posts photo of Kim Kardashian's engagment ring on his Instagram

Instagram

Jonathan Cheban posts photo of Kim Kardashian's engagment ring on his Instagram

But what about that ring?
When Kardashian and Humphries split, the hoopster put the 20.5-carat emerald-cut Lorraine Schwartz rock — which reportedly retailed for $2 million — on the auction block at Christie’s, where it sold for a paltry $749,000.
While it may seem that Humphries gave her the bigger rock, Kanye proposed with a perfect, D flawless cushion cut diamond and worked with famed jeweler Lorraine Schwartz on the ring. According to Forevermark Diamond expert Adelaide Polk-Bauman, such a ring would set West back $7 million to $8 million. “This is exceptionally rare. Very few places in the world have diamonds such as that.”

Read more: http://www.nydailynews.com/life-style/kanye-west-kim-kardashian-engagement-article-1.1493496#ixzz2iY0PFUQh

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