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Keira Knightley’s Engagement Ring: How Much It Costs!

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Keira Knightley and James Righton in London on May 27, 2012.

Right on, James Righton!

When choosing an engagement ring for Keira Knightley, Righton selected a stunning yet classic style. The Klaxons rocker, 28, and the Oscar-nominated actress, 27, confirmed their engagement Friday, and since then Knightley has been flaunting her new bling.

Related: PHOTOS: Best engagement rings of all time

“This is truly the most classic of all engagement ring styles,” jewelry expert Michael O’Connor tells Us Weekly. “It’s a solid platinum band with a brilliant cut solitaire diamond, approximately 2 carats. Estimated price tag is $40,000.”

PHOTOS: Quickest celebrity engagements ever

O’Connor adds, “Not only is this ring sophisticated and timeless, but I love that she’s wearing a platinum setting that you can find within most budgets.”

keira ring

On Sunday, the newly engaged couple packed on the PDA while going for a stroll in London — with Knightley’s diamond on full display.

Related: PHOTOS: Best dressed British stars

The couple have been dating for about a year before Righton popped the question. It will be the first marriage for both.

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