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. Blake LivelyBlake Lively engagement ring 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. Blake Lively engagement ring