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Kate Middleton's engagement ring cost Â£28,000 when bought by Prince Charles for Diana in 1981. Kate Middleton's engagement ring cost Â£28,000 when it was bought by Prince Charles for the then Diana Spencer in February 1981. In today's prices the oval 18-carat blue sapphire surrounded by 14 diamonds would cost Â£85,000 - although Diana's is priceless.
Kate Middleton: Who is Britain's Future Princess? Prince William's girlfriend Kate Middleton attends day six of the Wimbledon Lawn Tennis Championships at the All England Lawn Tennis and Croquet Club on June 28, 2008, in London. NEW YORK (CBS/AP) The wait is over - Britain's Prince William and his longtime girlfriend Kate Middleton have announced their engagement. Royal officials announced Tuesday that William and Middleton got engaged last month during a holiday in Kenya, and will marry next spring or summer in London.