The cost of engagement rings within the royal family

The news of Prince Harry’s long-anticipated engagement to actress Meghan Markle finally broke Monday morning via an official announcement from Kensington Palace.

And as it goes with most celebrity — albeit, royal — engagements, all eyes are on one thing: Meghan’s ring, of course!

10 commoners who married royals:

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10 commoners who married royals
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10 commoners who married royals

In 1959, then Japanese Crown Prince Akihito broke tradition by marrying Michiko Shoda in Tokyo. Akihito met Shoda at a tennis match -- it reportedly took years for the now-Emperor to convince his parents to allow him to marry Shoda. 

Aside from their non-traditional romance, the two have been hailed for their progressive leadership. 

She's not just Hollywood royalty.

Beloved actress Grace Kelly married Prince Rainier III of Monaco in 1956 after meeting at the international Cannes Film Festival. The two had three children, and she died in 1982 after she suffered a stroke while driving. 

While studying at the National University of Lesotho in 1997, 'Masenate Mohato Seeiso met King Letsie III of Lesotho and the two became engaged two years later.

The Queen, formerly known as Anna Karabo Mots'oeneng, has been hailed as a pioneer for HIV research and her work with orphanages.

The two now have three children. 

Rania Yassine met Prince Abdallah when she was just 22 and the two married in 1993, when she was 26. Their marriage is just one of the many ways Prince Abdallah has been viewed as trying to mend Jordan and the West. 

Rania does not wear a veil. She's quite outspoken about free speech, equal rights and helping steer Jordan away from its former "human rights record." 

In 2011, Spain's Duchess of Alba, Maria del Rosario Cayetana Fitz-James-Stuart married Alfonso Diez in Seville, Spain.

The Duchess, hailed as one of the "world's most titled nobles," was criticized for marrying Diez who was 25 years younger. The twice-widowed 85-year-old was reportedly worth 2.8 billion Euros, but Diez "renounced any claim to the family fortune," said People.

She died at age 88 in 2014. 

Longtime bachelor Prince Nikolaos of Greece and Denmark met Caracas-born Tatania Blatnik (previously an event planner for designer Diane von Furstenburg) through friends while on a ski vacation in 2003. 

Marrying in 2010, the Georgetown-educated Blatnik soon took the title of Her Royal Highness Princess Tatiana of Greece and Denmark. “I do not feel that I married a prince, with a title. Well actually, yes, he is my prince, but nothing more,” she once said about her title, according to Vogue

In 2004, then Spanish Crown Prince Felipe married Letizia Ortiz in a lavish wedding attended by royals from around the world. Formerly a journalist, Letizia regularly appeared as an anchor covering global events such as 9/11 and the Iraq war. 

Since becoming queen in 2014, she's been praised for her incredible philanthropy work, progressive thinking and enviable style.

In 1972, King Carl Gustaf XVI of Sweden met commoner Silvia Sommerlath -- from Germany and Brazil -- at the 1972 Munich Summer Olympics. 

Marrying in 1976, she "is also the first Swedish royal to have had a career, and worked previously as an interpreter," said Vogue. The two have three children and many grandchildren. 

Like his father, Prince Carl Philip of Sweden also married a commoner, Sofia Hellqvist in 2015.

Formerly a model and reality television star, the Princess met Prince Carl at a restaurant in 2010. Their second child is due in fall 2017. 

Dutch Crown Prince Willem Alexander married Crown Princess Maxima Zorreguieta in 2002 -- she now holds the title of Queen of the Netherlands. 

Reports say the couple met in 1999 at Sevilla Spring Fair in Spain, where the King introduced himself merely as "Alexander." She didn't know his title until much later on. At that time, she was serving as one of Deutsche Bank's VP of sales. 

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The gold-banded ring displays a cushion diamond from Botswana (a place that Harry and Meghan have visited together) and two outer diamonds from the private collection of Harry’s late mother, Princess Diana.

SEE ALSO: Prince Harry and Meghan Markle's net worths, revealed

Though there are no reports on exactly how much Markle’s sparkle (see what we did there?), cost, it’s safe to say that the ring’s price won’t stem far from the rings of the royal women that have preceded her.

Reigning lady Queen Elizabeth II wears a sharp brilliant-cut diamond in an 8-claw coronet setting, surrounded by four smaller diamonds on a gold wedding band. 

Much like Markle’s ring, it’s simple yet bold, estimated to be worth around $133,209 (£100,000) — A hefty price for a commoner, but somewhat within reason for one of the most powerful women in the world.

Duchess of Cambridge, Kate Middleton, however, rocks a ring with a much heftier valuation with an even heftier story.

Royal engagement rings through the years:

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Royal engagement rings
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Royal engagement rings
Prince Rainier III of Monaco announced their engagement in January 1956. The royal proposed to the actress with a stunning Cartier eternity band. 
The 10.5-carat diamond, surrounded by two baguettes was the second ring given by Prince Rainier. The first ring was a simple eternity band embellished with diamonds and rubies.  
The simple and single solitaire was a break from the traditional gold bands many brides sport in Sweden. However, on her wedding day, Victoria was presented with an additional diamond wedding band. 

Daniel Westling and Crown Princess Victoria of Sweden announced their engagement on February 24, 2009 in Stockholm, Sweden. 

Prince Philip proposed in 1947 with a simple 3-carat solitaire surrounded by 5 diamonds on each side. 
The ring featured diamonds taken from the tiara of Philip's mother, Princess Andrew of Greece. It was reportedly far too large for Elizabeth, who had it resized quickly to announce her engagement. 

Prince Charles and Lady Diana Spencer announced their engagement in London on Feb. 24, 1981. He proposed with a 12-carat blue sapphire ring that was surrounded by 14 solitaire diamonds, made by famed jewelers Garrad. 

It cost $36,000 to make at the time. 

In 2010, Prince William proposed to Kate Middleton with the same ring.

The blue sapphire and diamond ring is reportedly worth $500,000 today. 

Crown Prince Felipe of Spain proposed to Letizia Ortiz on November 6, 2003. 

The non-traditional eternity band featured 16 diamond baguettes and a white gold trim. It was designed by Suarez jewelers.

After the wedding, Letizia swapped the ring for a simpler band. 

Swedish Prince Carl Philip announced his engagement to Sofia in 2014 after four years of dating. He proposed with an 'unusual' ring that estimated over £10,073. 
The center stone is surrounded by a halo and features two split diamond eternity bands. 

Netherland's Queen Maxima and King Willem-Alexander got engaged in 2001 after two years of dating. The ring features an unusual color and shape. 

The oval-shaped orange diamond is surrounded by two additional teardrop diamonds. The color is symbolic of the color of the Netherlands. 

Experts valued the stone anywhere from £15,000 and £150,000, says The Daily Mail

Prince Andrew, youngest son of Queen Elizabeth and Prince Philip, proposed to Sarah Ferguson in 1986 with a ring by the same designer as Princess Diana's ring. The two had reportedly known each other since they were young children but divorced in 1996. 

The Duke proposed with an unusual ring -- an oval Burmese ruby flanked by ten diamonds arranged in a floral shape. The ring sits on a thin yellow and white band.

Ferguson's ring reportedly set the trend for ruby engagement rings throughout Britain. 

Prince Albert of Monaco proposed to Princess Charlene in 2010 with a stunning cut valued at over £50,000.
The 3-carat pear-shaped ring was designed by jewelers Maison Repossi and is embellished on both sides with white diamonds. 
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The ring originally belonged to Princess Diana, who was engaged to Prince Charles in 1981.

Diana picked out the ring herself — an iconic oval Sapphire centered by a border of diamonds.

At the time of their engagement, the ring cost around $40,000.

Over time, and through Diana’s tragic passing in 1997, the ring has skyrocketed in value — especially as it now sits on the ring finger of Middleton herself.

Today, nearly 37 years later, the ring is estimated to be worth around $400,000.

The ring is much more unique and intricate than Markle’s, but both rings hold sentimental value that would put the pieces of jewelry at high valuation for years to come. 

Seeing as both The Queen and Kate’s rings began under $150,000 price range (and Kate’s is valued at around $400,000), Harry most likely wouldn’t have exceed the $400,000 price point by much — if at all.

Our estimate? Markle’s ring more or less sits somewhere in the $100,000 — $300,000 price range.

RELATED: Prince Harry and Meghan Markle engagement photo call

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Prince Harry and Meghan Markle engagement photo call
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Prince Harry and Meghan Markle engagement photo call
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Meghan Markle with her engagemnt ring during an official photocall to announce the engagement of Prince Harry and actress Meghan Markle at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Mark Cuthbert/UK Press via Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and actress Meghan Markle during an official photocall to announce their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Chris Jackson/Chris Jackson/Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and Meghan Markle during an official photocall to announce the engagement of Prince Harry and actress Meghan Markle at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Mark Cuthbert/UK Press via Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and actress Meghan Markle during an official photocall to announce their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Chris Jackson/Chris Jackson/Getty Images)
Britain's Prince Harry stands with his fianc� US actress Meghan Markle as she shows off her engagement ring whilst they pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Prince Harry and Meghan Markle at a photocall to announce their engagement at Kensington Palace, London. Photo credit should read: Doug Peters/EMPICS Entertainment
Prince Harry and Meghan Markle at a photocall to announce their engagement at Kensington Palace, London. Photo credit should read: Doug Peters/EMPICS Entertainment
Prince Harry and Meghan Markle at a photocall to announce their engagement at Kensington Palace, London. Photo credit should read: Doug Peters/EMPICS Entertainment
Prince Harry and Meghan Markle at a photocall to announce their engagement at Kensington Palace, London. Photo credit should read: Doug Peters/EMPICS Entertainment
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
US actress Meghan Markle shows reacts as she poses with her fianc� Britain's Prince Harry in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / DANIEL LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle arrive to pose for photographs in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and actress Meghan Markle during an official photocall to announce their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Chris Jackson/Chris Jackson/Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and actress Meghan Markle during an official photocall to announce their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Chris Jackson/Chris Jackson/Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and actress Meghan Markle during an official photocall to announce their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Chris Jackson/Chris Jackson/Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Britain's Prince Harry stands with his fianc� US actress Meghan Markle as she shows off her engagement ring whilst they pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
Prince Harry and Meghan Markle in the Sunken Garden at Kensington Palace, London, after the announcement of their engagement. (Photo by Dominic Lipinski/PA Images via Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and Meghan Markle during an official photocall to announce the engagement of Prince Harry and actress Meghan Markle at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Mark Cuthbert/UK Press via Getty Images)
LONDON, ENGLAND - NOVEMBER 27: Prince Harry and Meghan Markle during an official photocall to announce the engagement of Prince Harry and actress Meghan Markle at The Sunken Gardens at Kensington Palace on November 27, 2017 in London, England. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018. (Photo by Mark Cuthbert/UK Press via Getty Images)
Britain's Prince Harry and his fianc� US actress Meghan Markle pose for a photograph in the Sunken Garden at Kensington Palace in west London on November 27, 2017, following the announcement of their engagement. Britain's Prince Harry will marry his US actress girlfriend Meghan Markle early next year after the couple became engaged earlier this month, Clarence House announced on Monday. / AFP PHOTO / Daniel LEAL-OLIVAS (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images)
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