Yesterday Blake Lively was finally pictured wearing the huge oval-shaped diamond engagement ring she received of new husband Ryan Renolds after their secret wedding ceremony. Her sparkling diamond engagement ring is reported to have cost Ryan a huge $2million. The ring features a 12-carat oval shaped diamond held in a rose-gold 4-claw setting and mounted on a diamond set band. Blake also has a matching diamond set wedding ring with small round brilliant cut diamonds set all the way around a matching rose gold band. The diamond is completely flawless and has a light pink tint making it more rare and expensive.