HomeArticlesWhat’s the real cost of Melania Trump’s engagement ring?
What’s the real cost of Melania Trump’s engagement ring?
January 8, 2020
What President Donald Trump said he paid for
Melania Trump’s 15-carat emerald-cut diamond engagement ring is inaccurate, the jeweler
who sold it now says. In 2005 Donald Trump told The New York Times
that Graff Diamonds slashed the price of the jewel by a million dollars since selling it
to him would stir up publicity. “Only a fool would say, ‘No thank you, I want you
to pay a million dollars more for a diamond,” he said in the original article, which listed
the ring at a retail value of $1.5 million. But according to a new report from Forbes,
the president was actually never given the $1 million discount in the deal he boasted
about over a decade ago. The folks at the jeweler are now clearing
the air. In an email obtained by Forbes, Graff Diamonds Chairman Laurence Graff says Donald
was “a pleasure to do business with” but that he was never given “no favors” back
in 2005.” Graff CFO Nicholas Paine adds, “We don’t
sell items for publicity value.” However, the jewelers did not confirm the real sum
he paid for the ring. Forbes also reports that a third source pointed
out the fact that Trump did, in fact, lie about the discount in the Times piece. “He
paid for [the ring] in full, and he paid immediately,” the source told the outlet.
According to Forbes, Trump also paid a lump sum of $3 million for the 25-carat Graff diamond
ring he purchased Melania for their 10th wedding anniversary.
This second ring stirred up controversy after Melania wore it in her official First Lady
portrait, released April 2017. Some argued that the choice to wear such an
expensive piece showed a lack of empathy for hard-working taxpayers.