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Dealers on Alert for a Green Diamond Weeks Before Jennifer Lopez Proposal

Although one estimate pegs it as $5 to $7 million, “it’s such a rare item that the price is almost blind.”

Ben Affleck and Jennifer Lopez attend the Los Angeles screening of Marry Me on Feb. 8.

Ben Affleck and Jennifer Lopez attend the Los Angeles screening of Marry Me on Feb. 8.

Photographer: Rich Fury/WireImage

Jewelry industry insiders are starting to connect the dots surrounding the massive diamond ring that Ben Affleck gave Jennifer Lopez to announce their engagement on April 8.

“There’s been a call on the street, I would say, for the last two months for something like this,” says Josh Weinman, chief executive officer of Artisan Global Alliance, which specializes in rare fancy colored and white diamonds, via telephone.