(Cover) - EN Showbiz - LeAnn Rimes' engagement ring is reportedly worth $85,000.

The 28-year-old singer got engaged to 37-year-old actor Eddie Cibrian over the holidays, and the gorgeous star has now been photographed wearing a beautiful piece of jewellery believed to be worth a large amount of money.

The sparkler features a 5-carat oval diamond set in the middle of a rose gold fleur-de-lis, and is said to have been designed by the happy couple in collaboration with Eddies pal Brent Polacheck.

According to David Mamane, chief executive officer of MyJewelryBox.com, the ring is worth thousands of dollars, with David telling Celebuzz the band could have cost around $85,000.

LeAnn made her fondness for the ring known on social networking website Twitter by praising its beauty, although the star was quick to point out that shes most proud of her new fianc.

The ring is beautiful, man is better :) (sic), she wrote.

The star has also used Twitter to clear up some rumours that had been flying around. LeAnn refuted claims suggesting she was expecting a baby which had surfaced on a celebrity gossip website.

"This is such BS!!!! Lol, you people all report BS (sic), wrote LeAnn. (C) Cover Media