Dwyane Wade / Gabrielle Union Engagement Ring Estimated Value at $350,000

December 23, 2013 Updated: April 24, 2016

Dwyane Wade is really bringing on the Heat with this stunning rock of a ring. The NBA superstar, 31, proposed to longtime girlfriend, actress Gabrielle Union, 41, on Saturday. The actress posted a close-up photo of her iceberg, gushing “Sooooo this happened… #Yessss @dwyanewade.” He also posted the photo, bubbling with emotion, “‘She said YES!!! @gabunion.’ So exciting!!!”

And now for the stats on this platinum solitaire sparkler. According to reports, the ring features a cushion-cut diamond weighing in at 8.5 carats and designed by jeweler Jason of Beverly Hills. Judging from the picture, the diamond appears to be either an H or an I color. Considering the fact that it was designed by a high-end Beverly Hills jeweler, it’s safe to assume that the clarity is at least VS1. Adding up the diamond’s cut, carat, color, and clarity would put the price tag at approximately $350,000.

In other words, that’s the price that Dwyane likely shelled out for this ring. But the actual wholesale value of a stone like this is around $260,000 — the markup resulting from the chic Beverly Hills jeweler who caters to rich celebrities.

But the radiant lovebirds don’t seem to be bothered at all by the jeweler’s costly creation… as far as they’re concerned, it’s a slam dunk, qualifying them for the next season of celebrity weddings. Congrats to Gabrielle and Dwyane, and may their love always outshine their engagement bling!