Ian Somerhalder & Nikki Reed News, Rumors: $50,000 Engagement Ring for 'Twilight' Star?

Nikki Reed, the 26-year-old "Twilight" actress may have had one failed three-year marriage that just ended last year to Paul McDonald but that hasn't kept the actress, model and singer-songwriter from being prepared to say "I do," once again.

The actress who portrayed Rosalie Hale in the fictional series recently stepped out with a whopper on her left ring finger. New fiancée Ian Somerhalder chose such a stunning ring, it is anticipated that this gorgeous engagement ring has a price tag of well over $50,000.

Somerhalder had over-the-top taste for his bride to be, surpassing all other traditional engagement rings and opting for a huge cluster of diamonds that looks a lot like a cocktail ring.

No stranger to vampires, Somerhalder, 36, who plays Damon Salvatore in "The Vampire Diaries," on The CW went above and beyond what Bella's ring in "Twilight" looked like, putting it completely to shame.

The ring is beyond enormous and is shaped a little bit like a blingy flower with one large center diamond surrounded by smaller diamonds.

According to Hollywood Life, fake replicas that are similar made by Kate Spade has a ticket price of $35 while a similar version made by Elizabeth Taylor that also is faux diamonds has a tag of $184.

It has a vintage look and is quite a sparkler. It is a cluster of yellow and white gold and if you didn't know any better, you'd think it was a century old.

When Hollywood Life reached out to a jeweler to see what the value of the ring is, they touched base with expert Shari Fabrikant of Robert Fabrikant Inc. based in New York.

The estimate just by looking at photos appears that the ring has approximately 6 to 8 carats of diamonds. "Each stone is a nice size," Fabrikant said, "Vintage is in! This ring shows a great sense of individuality."

Supposedly the newly engaged couple has set a June date for this year, but right now they are simply celebrating their engagement.

She just stepped out with the big bling ring on her finger in Los Angeles on February 2, and it wasn't hard to miss the huge milestone in her life that will soon be taking place.